Selling wind

and

announced today their agreement to sell one of Germany’s largest wind farm portfolios.

agreed to buy four wind farms from Denker & Wulf and one from REpower Systems for €135.5 million ($164.5 million), including the assumption of debt.

The sale, the second of a wind portfolio by REpower and Denker & Wulf, is subject to satisfaction of various conditions, including governmental anti-competition review.

The wind electricity generation projects - in Grossvargula, Zabelsdorf, Premslin-Kribbe, Falkenwalde and Heckelberg-Breydin (eastern Germany) - comprise 66 REpower MD turbines, each with 1.5 megawatts of rated power, for total electricity production of 99 megawatts.

At the Heckelberg-Breydin wind farm, ten of 18 turbines are generating electricity; the remaining eight are scheduled to come on stream at the end of September of this year. Electricity produced by the wind farms is sold to regional electricity grid operators. Once fully operational, the wind farms will produce enough energy annually to power 60,000 homes and will save approximately 200,000 tones a year in greenhouse gas emissions, measured against equivalent fossil fuel generation.