REpower and SUZLON found joint RETC - Renewable Energy Technology Centre

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cooperations

Hamburg (euro adhoc) - Hamburg, 07 February 2008. 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.

end of announcement euro adhoc
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ots Originaltext: REpower Systems AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Thomas Schnorrenberg

Investor Relations Manager

Phone: +49-40-55 55 090-3051

Email: t.schnorrenberg@repower.de

Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
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