Milestones

REpower and EDF EN consent to a new framework agreement for Europe and USA about 690 MW

REpower celebrates the topping-out ceremony for the production site of the 5 MW nacelles in Bremerhaven.

REpower sells the wind farm "Büttel" – the biggest wind farm equipped with 5 MW turbines – to a subsidiary of Allianz

REpower founds the subsidiary "REpower Belgium bvba." for servicing the future Belgian offshore wind farm "Thornton Bank"

REpower has been awarded a 150 MW wind farm project in China for 2008/2009.

REpower inaugurates its new production facility in Trampe (Brandenburg)

A consortium headed by Galp Energia and REpower wins the bidding for a 400 MW government’s tender in Portugal

REpower and Abeking & Rasmussen agree to found the joint venture “PowerBlades GmbH” for manufacturing offshore rotor blades in Bremerhaven.

REpower concludes an agreement with the local authority to construct a production hall and an office building in Osterrönfeld, nearby the REpower development center in Rendsburg (Schleswig-Holstein)

Suzlon buys 33,85 % of the shares after the bidding period and gains a share portion of 87,1 % with a voting pool cooperation with the major shareholders AREVA and Martifer

After Suzlon has raised the offer up to 168 Euros per share, AREVA and Suzlon agree to cooperation and AREVA withdraws from the takeover battle.

REpower signs a supply contract about six 5M for the first Belgian Offshore-Windpark "Thornton Bank".

REpower Systems AG decides a capital increase at a subscription price of 136 Euros per share

AREVA S.A. increases its takeover offer up to 140 Euros per share.

Suzlon Windenergie GmbH, the German subsidiary of the Indian competitor Suzlon Energy, submits a competing takeover offer of 126 Euros per share.

AREVA S.A., the largest single shareholder of REpower Systems AG, announces a takeover offer of 105 Euros per share.