France - EPURON develops two wind farms

Institutional investors are finding exceptional opportunities to invest in wind powered projects as the demand in this market continues to grow strong

EPURON expands its international activities in the wind power sector. The company will kick off the new year with the development of two wind farms with a total output power of 16 Megawatts in Southern Brittany. The projects will be managed by the French subsidiary of EPURON based in Paris. The construction of both sites will commence in February. By mid-2007, four REpower MM82 wind turbines will be installed in the Derval and Lusanger regions. The infrastructural development will be entrusted to the experts of ABO Wind AG. With over 80 metres in diameter, the rotors will produce around 33 million kilowatt hours of electricity per year. This electrical power is sufficient to run some 9,400 households saving about 24,750 tons of environmentally harmful greenhouse gases.

"There is an increasing interest among institutional investors in wind power projects in France. This stems from their exceptional investment opportunities. We are catering to this market by developing projects that allow us to assemble attractive financing packages“, says Joachim Mueller, member of the Managing Board at EPURON who is responsible for finance and wind power.

Committed to thrive in this potential market, EPURON plans to further expand its developments in France. The French government has set a target date by 2010 to use 21 percent of its electrical power from renewable energy sources. To support this target, an Energy Act was introduced in July 2005, and electrical power feed-in tariffs from renewable energy sources were adjusted in August 2006. Market growth in the wind power sector alone grew over 100 percent in 2005 and 2006.

EPURON has been operating in the wind power sector since 2001 and has already implemented projects with a total capacity of over 215 Megawatts. Last year, construction began of its first wind farm in Italy. In addition to the projects already completed, EPURON has short to mid-term projects with a total capacity of around 673 Megawatts in its pipeline. In 2006, sales from the wind power segment accounted for over 55 percent of the company's total revenue.

EPURON is one of the world's leading companies involved in project development and structured financing in the renewable energy sector. The company develops, finances, implements and operates solar and wind farms, solar thermal power stations as well as biogas and bioethanol plants. Established in 1998, EPURON has financed and implemented over 60 projects involving an investment volume of over 550 million euros. Its clients include institutional and private investors from Germany and abroad.

EPURON is represented by subsidiaries in Germany, France, Spain, Italy, Greece, Singapore, the USA and Australia. The listed company Conergy AG is the world's market leader in solar power systems. EPURON is a member of the Conergy Group.

For further information about EPURON, please go to www.epuron.de or contact: EPURON GmbH, Clemens Thoma, Anckelmannsplatz 1, D-20537 Hamburg, Germany Tel. +49 / 40 / 27142 - 3200, Fax +49 / 40 / 27142 - 3300, c.thoma@epuron.de, www.epuron.de
Edited by Trevor Sievert, Online Editorial Journalist
wind energy, wind farm, renewable energy, wind power, wind turbine, rotorblade, offshore, onshore

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