Project financing for Canadian wind farm closed

Frankfurt am Main (ots) -

- KfW IPEX-Bank providing CAD 61.7 million
- Support for German exports
- Renewable energy for several thousand households

Since this week the project financing for the Viger-Denonville
wind farm in the Canadian province of Québec is in place: KfW
IPEX-Bank is providing a long-term project financing loan of up to
CAD 61.7 million. Supplier of the wind turbines is REpower, a German
manufacturer of wind energy systems based in Hamburg. The project is
being managed by the Canadian developer Innergex Renewable Energy
Inc. jointly with the regional country municipality (RCM)
Rivière-du-Loup.

Markus Scheer, member of the Management Board of KfW IPEX-Bank,
commented on the closing: "KfW IPEX-Bank's financing for the
Viger-Denonville wind farm in Canada focuses on one of the bank's
priorities, namely environmental and climate protection. As REpower
is involved in the project, the bank is also supporting the export of
German-built wind turbines. We are pleased to work together once
again with REpower, a long-time valued business partner of KfW
IPEX-Bank."

Plans call for the wind farm to be erected by the end of this
year. When commercial operation begins 12 REpower MM92 wind turbines
with a total capacity of 24.6 MW will supply several thousand
Canadian households with green energy every year. In addition to
supplying the turbines REpower is also in charge of commissioning and
maintenance of the systems for the first ten years. Offtaker is the
energy supply company Hydro Québec.

About KfW IPEX-Bank GmbH

Within the KfW Group KfW IPEX-Bank is responsible for
international project and export finance. Its function of providing
financing to boost the German and European economy is derived from
the legal mandate assigned to KfW. It offers medium- and long-term
financing to support key export industries, to develop economic and
social infrastructure and to fund environmental and climate
protection projects. KfW IPEX-Bank operates as a legally independent
group subsidiary and plays a major role in fulfilling KfW's
promotional mission. It is represented in the most important economic
and financial centres across the globe.

Pressekontakt:
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: Dela.Strumpf@kfw.de
Tel. 069 7431-2984, Fax: 069 7431-9409, E-Mail:
info@kfw-ipex-bank.de,
Internet: www.kfw-ipex-bank.de