A couple of days back, Suzlon Energy had announced plans to acquire 100% of Repower Systems. A few days ago, Suzlon Energy announced plans to shortly start making REpower wind turbines at its plant near Mangalore. Further, the offshore wind business is set to take off in India and Suzlon will expect that REpower will dominate that market in India with Suzlon’s market and sales expertise.
Suzlon Group REpower concluded a 300MW first contract under a 954 MW framework agreement with Saint-Laurent Énergies in what was probably the largest single order for REpower.
According to reports, REpower Systems AG and the juwi Group have signed a framework agreement for the delivery, installation and maintenance of up to 240 wind turbines. The contract is set to run until 2013.
The agreement largely relates to the 3MW systems and has a potential generating capacity of up to 720MW. juwi is planning to erect 180 turbines in Germany and another 60 elsewhere in Europe. The main turbine designs to be used are the REpower 3.4M104 and 3.2M114 with hub heights of between 123 and 143 meters, as well as turbines of the MM series with rated power of 2.05 MW. The wind turbines are to be erected and commissioned between the second half of 2011 and 2014.
What is interesting is how such a big order announcement has come just a couple of days after Suzlon’s announcement of their intended acquisition of REpower. It will be interesting to see what kind of impact this will have on valuations that are being carried out by valuation experts appointed for the squeeze out exercise.