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U.S. Subsidiary of German Wind Power Company Relocating HQ to Colorado

REpower USA Corporation, a wholly owned subsidiary of Germany-headquartered energy manufacturer REpower Systems AG, will relocate its corporate headquarters to Denver, Colorado. The company says in a statement that it will begin the move early next month from Portland, Oregon, and will fill the initial 25 open positions with relocated employees or new hires in Denver. REpower Systems manufactures and services wind turbines. "To maintain REpower's future competitiveness and meet our customers' needs in the growing U.S. marketplace, it is crucial to be strategically located and close to all our customers and projects," says Steve Dayney, REpowerUSA's CEO. "Denver -- centrally located, with an excellent national and international transportation infrastructure and supportive business climate -- provides those characteristics we believe will help us succeed in meeting our U.S. business goals." The company says it plans to double its work force within the next 12 months. The Colorado governor's office says REpower USA will receive tax incentives contingent on job creation, but did not provide specific financial information.

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