DGAP-News

PNE WIND AG presents its report for the first nine months of 2014 - Seite 2

attributes play a part in the lower return expectations that YieldCo
investors have over our current customers who mainly comprise of
infrastructure and sustainability funds. We also plan on generating
additional value through the management of the YieldCo and by providing
long-term commercial and technical management services for the wind parks.
"We plan to continue to benefit from the YieldCo - even after its planned
sale in 2016 - by establishing a new customer for wind farm projects which
the Group is developing" explains Billhardt.

In 2014, the PNE WIND Group completed or commenced construction of wind
farms with a total nominal output of approx. 193 MW in Germany. One of
these is the "Chransdorf" wind farm project in Brandenburg with a total
nominal output of 57.6 MW, representing the largest single onshore project
in the history of the PNE WIND Group. Wind farm project sales to investors
such as the Allianz insurance group, the utility company Energie
Baden-Württemberg (EnBW), the holding company CEE and the infrastructure
investors KGAL and CHORUS offer proof to the high quality of our projects.

The PNE WIND Group has also expanded its international activities. In
France, a previously sold 12 MW wind farm was completed and handed over to
the purchaser. Further projects in France (10 MW), Italy (30 MW), the
United Kingdom (38 MW), Romania (102 MW) and Poland (32 MW) have already
been approved. Two wind farms continued to be developed in the USA.

The PNE WIND Group has an onshore project pipeline of more than 5,200 MW at
various stages of development in the German and International markets. The
offshore pipeline is well filled and PNE WIND AG is currently developing,
either on its own account or as a service provider, 13 projects with a
total capacity of approx. 4,700 MW.

Optimistically, CEO Martin Billhardt looks to the future, "Through the
establishment of our YieldCo business, we will open up considerable new
possibilities for the Group. Our onshore and offshore project development
pipelines are well filled and the higher implementation rate of our
projects promise continuous returns. We confirm our cumulative EBIT
forecast for the 2014 to 2016 financial years of euro 110 to 130 million
and see the prospect to increase our forecast upon the successful
implementation of the YieldCo concept.

PNE WIND AG has published its report today on the first nine months of 2014
on its web site www.pnewind.com.

Company profile

PNE WIND AG

Cuxhaven-based PNE WIND AG plans and realises both onshore and offshore
wind farm projects. Its core competencies are developing, planning,
realising and financing wind farms and also operating and selling these