PNE WIND AG and STEAG Gmbh co-operate in wind farm projects in Turkey

(DGAP-Media / 04.04.2014 / 14:13)

Cuxhaven, 4th April 2014 - The wind farm project developer, PNE WIND AG,
and STEAG GmbH will found a joint company in which they intend to develop
wind farm projects jointly in Turkey in the future. PNE WIND und STEAG
will each hold 50 percent in the company.

"The aim of this co-operation is to make a joint success of wind farm
projects developed by PNE WIND and STEAG in Turkey" explained Markus Lesser
Chief Operating Officer of PNE WIND, upon contract signature today. PNE
WIND AG will contribute a number of wind farm projects in which wind energy
systems with a nominal output of up to 700 MW can be installed, together
with its know-how in project development.

Joachim Rumstadt, Chairman of the management board of STEAG GmbH, adds:
"STEAG has been involved in the Turkish energy market for about 30 years
and has also been active in its wind energy sector since 2007. We are
active in the Turkish market with a correspondingly high level of
experience and can derive joint synergies from this co-operation with PNE
WIND." STEAG has been operating a 1,320 MW coal fired power plant in
Iskenderun since 2003 and has also been developing wind projects in Turkey
for some years.

The projects currently in development are now being prepared by the joint
company for the coming tendering round for wind farms in Turkey.



Company profiles

PNE WIND AG

With its headquarters in Cuxhaven, PNE WIND AG plans and realises wind farm
projects on land (onshore) and on the high seas (offshore). In doing so,
its core competence lies in the development, project planning, and
financing of wind farms and in their operation and sales respectively with
the provision of subsequent service. To date, the PNE WIND GROUP has
already successfully developed wind farms with a total nominal output of
almost 2,000 MW.

In addition to its business activities in the established German home
market, PNE WIND AG is increasingly expanding into dynamic growth markets
and is already represented in joint ventures and by subsidiary companies in
14 countries in Europe, Africa and North America. In these countries wind
farm projects with a nominal output of about 4,800 are currently being
developed and are to be completed in the medium term.

In addition, PNE WIND AG is developing offshore wind farm projects, of
which four major projects in German waters have already been approved.


STEAG

STEAG GmbH has already been active in energy production for more than 75
years and offers its customers - including international customers -
integrated solutions in the electricity and heat production sectors as well