REpower and Essar Cooperate on Wind Energy in India

REpower Systems AG signed a license agreement with India’s Essar group to produce REpower’s 2.0 megawatt (MW) turbines in 2007 as well as having its 1.5 MW technology represented on the growing Indian wind energy market.

“The contract territory of the planned joint venture Essar REpower India shall moreover cover potential markets in Malaysia, Thailand and Vietnam. REpower again managed to secure a controlling interest in the joint venture just as in the recently established REpower North (China) Ltd,” said Prof. Fritz Vahrenholt, Chairman of the board of REpower Systems AG. Essar’s newly founded subsidiary, Essar Wind Farms, plans to realize windfarm projects with a total rated power of at least 300 MW until 2010. The Essar group is one of India’s largest corporations and is among others involved in industries like steel production, construction and power generation. “Besides towers specially developed for using Essar’s steelplates grade, we also plan to co-operate on 37 m blades designed by REpower,” explains REpower?s Business Development Manager Carsten Corino. The parties will examine possibilities to build up a local gearbox supply. In other news, REpower Systems AG has recently entered into patent licenses with GE Energy’s wind business concerning its variable speed technology for wind turbines. The cross-license agreement between the two companies includes the use of several patents. Both companies will independently carry on with their respective businesses of manufacturing and selling wind energy turbines, contributing to the development of the wind energy sector. REpower’s CEO Prof. Fritz Vahrenholt added, “REpower is one of the leading wind energy turbine manufacturers in Europe; we are delighted that the cross-license agreement with GE now enables us to enter the U.S. market, too.”
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