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REpower and SUZLON found joint RETC - Renewable Energy Technology Centre

(PresseBox) (Hamburg, ) REpower Systems AG, the third largest German manufacturer of wind turbines (WKN 617703) and SE Drive Technik GmbH, a subsidiary of REpower’s major shareholder, SUZLON Energy Ltd., founded the Joint Venture "Renewable Energy Technology Center GmbH" (RETC) in Hamburg, in which each firm holds a 50% stake. The aim of the RETC is to combine forces and to cooperate strategically in the field of research and technical training in the future.

Alongside the two technical core activities, product development and technical services - carried out by both companies independently of one another - a globally operating centre is to be created. This would act as a third pillar, where the fields of research, innovation, training, validation and technical processes will become focus points.

"In RETC, we intend to implement innovative projects concerned, for example, with new materials and manufacturing processes, with increasing efficiency or with new drive concepts – in short, with everything that will significantly influence the development of the next REpower turbine generation", explains Matthias Schubert, REpower’s Chief Technical Officer and, along with Thorsten Spehr of SUZLON, future Managing Director of RETC. Thorsten Spehr continues, "We are sharing resources in this case and together we can implement investments, which neither REpower nor SUZLON has been able to do alone in the past."

As part of RETC, an academy offering high-quality technical training and qualification schemes is also due to be established from the very start, initially on the basis of collaborations with universities. In the medium term this is to be supplemented with own training courses. "Our aim on the one hand is to interest engineers in our fast-growing companies and train them in our specific requirements. At the same time we intend to establish an international network with universities and research institutes, in order to respond to the growing scarcity of qualified engineers and technicians," Mr. Schubert and Mr. Spehr both emphasize.

The new company will have its headquarters in Hamburg; at first, RETC will move into offices in its own section of REpower’s company headquarters. There are plans to establish international subsidiaries of RETC in the future, in order to use the expertise available in the particular areas.

The Indian SUZLON Group acquired 86.5% of the proportion of the voting rights in REpower last year. Shortly afterwards, both companies announced that they would be using synergies in the future and cooperating strategically. The founding of RETC is the first important step into this direction. In its first financial year the RETC is expected to employ 40 people. To this end, a management team is being sought to advance the establishment of a new technology centre.

About Suzlon Energy Ltd.

Suzlon Energy Limited is one of the world’s leading players in wind energy. The company has come to the fore of the business by strategically focusing on R&D, innovation, an integrated value chain, and entering into emerging and high growth markets to drive sustainable growth.

Given the truly global nature of its business, Suzlon has its Group Management Center in Amsterdam, Netherlands, has corporate offices in Pune, India. The company’s global spread reflects in its projects and markets portfolio - extending across Australia, Belgium, Brazil, Canada, China, Denmark, Germany, Greece, India, Italy, Portugal, Turkey, the Netherlands, Nicaragua, and the United States.

Suzlon’s R&D effort includes a highly successful practice of leveraging skill and knowledge pools in the industry and allied areas the = world over. This has resulted in a R&D network located across geographies known for their leadership in the field – Suzlon today drives gearbox R&D from Belgium, turbine development from India and Germany, and aerodynamics research in the Netherlands. Suzlon matches innovation with quality, with systems certified by Det Norske Veritas (DNV) to ISO 9001:2000 standards.

Suzlon is one of the most integrated wind turbine manufacturers – with manufacturing capability along the full value chain – ranging from components to complete wind turbine systems. The company has established manufacturing facilities in Belgium, China, India and the United States, to support the global spread of its operations. The company currently has a combined manufacturing base of 2,700 MW of annual capacity, and is undertaking an aggressive expansion program to expand its base to 5,700 MW of capacity by Q3 FY2008-09.

The success of the company’s strategy is seen in its growing market share, repeat orders, and breakthroughs into new markets. Suzlon ranked as the world’s fifth leading wind turbine manufacturer with over 7.7% of global market share in 2006. The company has ranked as the leading manufacturer in the Indian market for nine consecutive years, maintaining over 50% market share.

Suzlon’s true strength is seen not only in its technology, quality and market share – but also its people. The company boasts one of the largest teams in the wind energy business, totaling over 13,000 people from over a dozen nationalities in operations around the world. Suzlon in its vision for future growth aims to rank among the top three wind turbine manufacturers worldwide, maximizing growth while maintaining margins to generate maximum value for all stakeholders. You can view more information on Suzlon at www.suzlon.com

Senvion SE

REpower Systems AG is one of the leading manufacturers of onshore and offshore wind turbines. The international engineering company develops, produces and sells wind turbines with outputs ranging from 2 to 5 megawatts and rotor diameters of 82 to 126 metres for almost all locations. It also provides a comprehensive service and maintenance range. The high performance, reliable turbines are designed at the REpower development centre in Rendsburg and produced at the sites in Husum (North Frisia) and Trampe (Brandenburg).
Listed on the stock exchange since March 2002 and with more than 1,300 employees worldwide, the Hamburg-based company relies on its experience in the production and installation of almost 2,000 wind turbines. REpower is represented in European markets such as France, the United Kingdom, Italy, Portugal and Spain and in the international markets of the US, Japan, China and Australia through its sales partners, subsidiaries and investments.