PNE WIND AG presents onshore and offshore international wind farm development at the WindEnergy 2014 in Hamburg

(DGAP-Media / 17.09.2014 / 11:44)

Press release

PNE WIND AG presents onshore and offshore international wind farm
development at the WindEnergy 2014 in Hamburg

Cuxhaven, 17th September 2014 - Shortly after announcing its intention to
expand its business model by founding a yieldco, the wind farm project
developer, PNE WIND AG, will present its current status of company
development at the leading international wind energy trade fair,
"WindEnergy 2014" in Hamburg. PNE WIND AG will present itself as well as
the Husum based WKN AG, in which PNE WIND AG acquired the majority
shareholding during the past year, from 23rd to 26th September in Hall A1
(PNE WIND AG: stand A1.425 / WKN AG: Stand A1.330) on Hamburg's exhibition
grounds.

In a total of 14 countries, the Cuxhaven company group's specialists are
working on the development of wind farm projects which are to be realised
in the short and medium term in Germany, central and southeast Europe,
Great Britain, Canada, South Africa and the USA. In addition, six own
offshore wind farm projects in the North Sea are being developed to the
point of readiness for construction. Markus Lesser, Director of PNE WIND
AGs operational business, says: "Our project pipeline is well filled. In
Germany alone we are working on onshore wind farms in which up to 1,300 MW
of nominal output can be constructed. A further 3,900 MW are being worked
on abroad. This forms the basis for company development in the coming
years."

During the first half year, the PNE WIND Group commenced construction on
wind farms in Germany with approx. 128 MW of nominal output. Of these, six
projects with a cumulative nominal output of approx. 57.3 MW have already
been completed. Further wind farm projects, representing more than 80 MW of
nominal output, have been issued building permits. One project, on which
construction is about to begin, is the "Chransdorf" wind farm in
Brandenburg. With 57.6 MW, it will be the largest German onshore project in
our company's history. The most recent wind farm sales provide evidence of
the quality of the PNE WIND Group's work. The customers are very
experienced infrastructure investors who place a high value on the quality
of our projects.

The Group expanded its international activities in parallel: In France, a
previously sold 12 MW wind farm was completed at the end of July 2014. In
the USA, a wind farm (with up to 153 MW in several project phases)
continued to be developed. Additional projects in France (10 MW), Italy (30
MW), Great Britain (38 MW), Hungary (78 MW), Romania (102 MW) and Poland