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Monday, December 7, 2009

REpower to supply 70 wind turbines to US enXco

German firm REpower, in which Suzlon Energy holds 91 per cent stake, has signed an agreement with US-based enXco to supply 70 turbines for a wind farm project by 2011.

"The 70 REpower turbines are intended for a wind farm project in the West Coast (USA) market for delivery in mid-2011," Suzlon Energy said in a statement.

"USA forms one of the most important growth markets for wind energy today, this order is another step forward in strenghtening the REpower presence and competitiveness in the country," Tusi Tanti, CMD, Suzlon Energy, and Chairman, Supervisory Board of REpower, said.

REpower and enXco have implementated a series of wind farm projects in California, Washington and Indiana.

Suzlon Energy acquired 91 per cent stake in REpower in May this year.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 10
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 5.2% 5.4% 5.5% Revised from 5.6%
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11:30 ILO Unemployment Rate (3M) 3 4.6% 4.6% 4.5%
11:30 Employment Change (3M) 3 89K 112K
15:30 NFIB Business Optimism Index 1 98.8 95.9 95.8
18:25 Redbook Index (YoY) 1 4.9%
21:00 52-Week Bill Auction 1 3.93%
22:30 3-Year Note Auction 1 3.824%
Wednesday, Jun 11
02:00 API Weekly Crude Oil Stock 1 0.7M -3.3M
04:15 Visitor Arrivals (YoY) 1 -8.4%
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