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PNE WIND AG awarded a contract in the CfD tendering process for the Tralorg wind farm in the United Kingdom

DGAP-News: PNE WIND AG / Key word(s): Miscellaneous
PNE WIND AG awarded a contract in the CfD tendering process for the
Tralorg wind farm in the United Kingdom

27.02.2015 / 11:20

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Press Release

PNE WIND AG awarded a contract in the CfD tendering process for the Tralorg
wind farm in the United Kingdom

Cuxhaven/Glasgow, February 27, 2015 - The Tralorg wind farm, which is being
developed by PNE WIND UK, the Edinburgh-based Joint Venture of the
international wind farm project developer PNE WIND AG, has completed an
important step towards its realisation. The project is located in Scotland
and was awarded a CfD (Contract for Difference) by the Department of Energy
and Climate Change (DECC) of the British government. In the United Kingdom,
CfDs are the fundamental basis of the wind power remuneration system and
are awarded in a competitive bidding process.

PNE WIND UK submitted the Tralorg wind farm to the first CfD tendering
round in the United Kingdom and was one of only 15 onshore wind farms that
obtained a contract. Having been awarded the CfD, nothing stands in the way
of the project being realised in 2018.

The planning activities for the Tralorg wind farm started in 2010. Consent
for the project near Girvan in South Ayrshire, Scotland was issued in
February 2014. Eight wind power turbines with a nominal capacity of 20 MW
can be erected at the site.

"The many years of preparatory work of our colleagues in Brighton and
Edinburgh have paid off. Being awarded the CfD in the tendering process is
good news and illustrates the high quality of our project development's
team work", says Markus Lesser, Chief Operating Officer at PNE WIND AG.

Currently, PNE WIND UK is active developing wind farm projects with a
nominal capacity of approx. 1,169 MW. From these projects, many are in the
final stages of the approval process.

Company profile PNE WIND group

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, planning, realisation,
financing, operation and sale of wind farms with a subsequent service
offering. 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 is developing own projects and 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]



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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, , DE000A1R0741, , DE000A12UMG0
WKN: A0JBPG, A0B9VG, , A1R074, , A12UMG
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart


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