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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
Wednesday, Apr 09
20:00 EIA Crude Oil Stocks Change 1 2.553M 2.200M 6.165M
20:45 Fed's Musalem speech 2
21:15 Fed's Barkin speech 2
22:30 10-Year Note Auction 1 4.435% 4.310%
23:30 FOMC Minutes 3
Thursday, Apr 10
04:31 RICS Housing Price Balance 1 8% 11%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Initial Jobless Claims 2 223K 219K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
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