18 July 2007
Consortium headed by Galp Energia and REpower wins bidding for Government Tender in Portugal covering 400 MW
Hamburg - The bidding consortium headed by the Portuguese Energy Company Galp Energia, represented by the Holding Ventinveste, won the bidding for the Portuguese Government Tender about a wind energy project with a projected capacity of 400 megawatts. The governmental body DEEG (Direcção Geral da Energia) of the Portuguese Ministry of Economic Affairs officially communicated this news to the consortium which is composed of the companies GALP, Grupo Enersis, Martifer, REpower Portugal and REpower Systems AG and EFACEC. For several months, Ventinveste has been leading in the second lot and has thus stayed ahead of the remaining adverse bidder, the consortium Novas Energias Ibéricas (amongst others consisting of Iberdrola and Gamesa).
The implementation period of the tender is supposed to be five years from 2008. Ventinveste had handed in its bidding offer of all in all more than 11,000 pages in March 2006 already.
„In this case you are right to say: ‘Slow and steady wins the race’’”, commented Prof. Dr. Fritz Vahrenholt about the award of the bid by the Portuguese Government. He is the CEO of the REpower Systems AG, the third-largest manufacturer of wind turbines in Germany which is represented in the consortium. He adds: “Right from the beginning, our partners in the consortium showed that they have confidence in the technology and efficient competence of REpower. Now, we will make all relevant provisions in order to further improve our position on the Portuguese market.”
About REpower:
REpower Systems AG is one of the leading manufacturers of onshore and offshore wind turbines. The international engineering company develops, produces and sells wind turbines with outputs ranging from 1.5 to 5 megawatts and rotor diameters of 70 to 126 metres for almost all locations. It also provides a comprehensive service and maintenance range. The high performance, reliable turbines are designed at the REpower development centre in Rendsburg and produced at the sites in Husum (North Frisia) and Trampe (Brandenburg).
Listed on the stock exchange since March 2002 and with around 940 employees worldwide, the Hamburg-based company relies on its experience in the production and installation of more than 1,500 wind turbines worldwide. REpower is represented in European markets such as France, the United Kingdom, Italy, Portugal and Spain and in the international markets of Japan, China and Australia through its sales partners, subsidiaries and investments.
Hamburg, 18 July 2007
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