DGAP-News

PNE WIND AG: PNE WIND USA starts construction on the Belle Fourche wind farm project

DGAP-News: PNE WIND AG / Key word(s): Miscellaneous
PNE WIND AG: PNE WIND USA starts construction on the Belle Fourche
wind farm project

19.12.2014 / 15:26

---------------------------------------------------------------------

Press release

PNE WIND USA starts construction on the Belle Fourche wind farm project

Chicago/Cuxhaven, December 19, 2014 - Now that the US Senate and Congress
have approved an extension of the production tax credit (PTC) by one
further year, PNE WIND USA is starting construction of the "Belle Fourche"
wind farm project in the State of South Dakota. Wind power turbines with a
total output of up to 30 MW can be erected in this project. Over the last
few years, the wind farm has been developed by the American subsidiary of
the wind farm developer PNE WIND AG (Cuxhaven). Development activities have
now reached the point that construction can begin.

Frank Kraatz, President of PNE WIND USA: "By starting construction in 2014,
we are able to secure the PTC benefits for this project. Securing the PTC
is a necessary step for the profitable operation of the wind farm as well
as the basis for being able to market the wind farm."

Martin Billhardt, CEO of PNE WIND AG: "This marks a further positive step
for our wind project development activities in the US market."

Company profile

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, realisation
and financing of wind farms and in their operation and sales respectively
with the provision of subsequent service. To date, the company has already
successfully developed wind farms with a total nominal output of over 2,100
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 over 5,000 MW are currently being
developed and are to be completed in the medium term.

PNE WIND AG is developing offshore wind farm projects, of which four major
projects in German waters have already been approved. The offshore
department area is developing own projects or projects for customers with a
nominal capacity of up to 4,700 MW.




Contact:
Contact:

PNE WIND AG
Rainer Heinsohn
Head of Corporate Communication
Tel: [phone] - 7 18 - 453
Fax: [phone] - 7 18 - 373
E-mail: [e-mail]


PNE WIND AG
Investor Relations
Scott McCollister
Tel: [phone] - 7 18 - 454
Fax: [phone] - 7 18 - 373
E-mail: [e-mail]



---------------------------------------------------------------------

19.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


Language: English
Company: PNE WIND AG
Peter-Henlein-Straße 2-4
27472 Cuxhaven
Germany
Phone: 04721 / 718 - 06
Fax: 04721 / 718 - 200
E-mail: [e-mail]
Internet: http://www.pnewind.com
ISIN: DE000A0JBPG2, DE000A0B9VG7, , DE000A1EMCW3, ,
DE000A0Z1MR2, , DE000A1R0741
WKN: A0JBPG, A0B9VG, , A1EMCW, , A0Z1MR, , A1R074
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart


End of News DGAP News-Service
---------------------------------------------------------------------
307729 19.12.2014