REpower to supply 44 wind turbines to Turkey for the first time

Entry onto the Turkish market with turbines of the REpower 3.XM series
The manufacturer’s largest project to date in Europe


Hamburg, April 20, 2010. REpower Systems AG (WKN 617703) has concluded a contract with Al Yel Elektrik, a subsidiary of Akuo Energy SAS, for the delivery of 44 wind turbines for a Turkish project. The turbines of the REpower 3.XM series, of which each one has a rated power of 3.37 megawatts (MW) and a hub height of 80 meters, are destined for the Geycek wind farm in Kirsehir province East of Ankara. This is the first time the Hamburg-based manufacturer of wind turbines supplies turbines to Turkey. REpower will subsequently be in charge of service and maintenance for the turbines over the first 12 years of operation.

The wind turbines are set to be delivered in summer 2011 and to be commissioned in the subsequent months. With 44 turbines and a total generating capacity of 148.28 MW, Geycek is REpower’s biggest wind farm in Europe to date. It is as well the largest project so far to be fitted with turbines of the 3.XM series. The contract is subject to conditions precedent.

Per Hornung Pedersen, CEO of REpower Systems AG, regards the conclusion of the contract as the first step for further potential projects on the Turkish market. “Turkey is a wind market with huge potential – experts are speaking of volumes of up to 20,000 MW – which has however barely been tapped so far. Turbines with a generating capacity of almost 1,000 MW are already in operation there. In addition,the Turkish Government has announced that it is going to revise the procedures for granting licenses and the remuneration system for renewable energies in 2010. We have outstanding products in the 3.XM series and are happy that customer confidence in the latest generation of turbines is being confirmed by larger and larger orders and projects”, he says.

Eric Scotto, CEO of Akuo Energy, adds: “We are very proud to announce the beginning of the construction of our largest wind farm in Turkey. This project will be one of the largest in Europe; this is a good start for us in a very promising country for the wind industry and the renewable energies, where we are established since 2005.”

The Investment Support and Promotion Agency of Turkey (ISPAT) welcomes REpower as a new actor in Turkish wind energy sector by supporting a potential investment project.


About REpower:
REpower Systems AG, a Suzlon group company, is one of the leading manufacturers of onshore and offshore wind turbines. The international mechanical engineering company develops, produces and markets wind turbines with rated outputs of 2.05 MW to 6.15 MW and rotor diameters of 82 meters to 126 meters for almost any location. The company also offers a comprehensive portfolio of service and maintenance packages. The profitable and reliable systems are designed at the REpower TechCenter in Osterrönfeld and manufactured at its plants in Husum (North Friesland), Trampe (Brandenburg) and Bremerhaven as well as Portugal and China.
With about 2,000 employees worldwide, the company, which has been listed since March 2002 and is headquartered in Hamburg, can make use of the experience gained from the manufacture and installation of over 2,000 wind turbines around the world. REpower is represented by distribution partners, subsidiaries and participations in European markets such as France, Belgium, the UK, Italy, Portugal and Spain as well as on a global level in the USA, Japan, China, Australia and Canada.

About Akuo:
Akuo Energy SAS develops, finances and operates renewable energy projects across the globe, focusing on wind and solar farms. Akuo Energy is an international independent power producer that originates, develops, and secures the debt financing for renewable energy infrastructure projects. Its target is to develop and operate a 3,000 MW portfolio over the next 3 - 5 years. Akuo Energy has operations in Europe North, South America and India. Akuo Energy’s headquarters are in Paris, France.