DGAP-News

PNE WIND AG: Additional YieldCo projects are now under construction

DGAP-News: PNE WIND AG / Key word(s): Miscellaneous
PNE WIND AG: Additional YieldCo projects are now under construction

08.10.2015 / 10:55

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

/

Corporate News

PNE WIND AG: Additional YieldCo projects are now under construction

Cuxhaven, 8 October 2015 - The YieldCo founded by PNE WIND AG is
increasingly stocking up on projects. Of the 150 MW planned for this
business, wind farms with a nominal output of 93.9 MW have already been
commissioned or are under construction.

Construction has now begun on the "Köhlen" wind farm in Lower Saxony. PNE
WIND is installing seven Enercon E101 wind turbines which together will
have 21.3 MW of nominal output. The wind farm is scheduled to be completed
in the fourth quarter of 2016.

The "Chransdorf" wind farm (Brandenburg) was commissioned in August and the
wind turbines with a combined nominal output of 57.6 MW are already
generating results. Two more wind farms planned for the YieldCo with a
combined nominal output of 15.0 MW are under construction. These two
projects are the "Waldfeucht" wind farm (North-Rhine Westphalia) with 9.0
MW and the "Apensen II" wind farm (Lower Saxony) with 6.0 MW. For other
projects, planning applications have been submitted. Upon completion, these
wind farms will be incorporated successively into the YieldCo.

The YieldCo will be a dividend-based company whose aim is to generate
long-term stable returns from fully commissioned wind farms. The shares and
the assets of the YieldCo are still held by PNE WIND AG, and the company
currently generates proceeds from the operation of the wind farms.

Markus Lesser, PNE WIND management board member: "The progress with our
YieldCo projects is considerable. Our extensive wind farm development
activities are having a positive effect on this. In addition to the
projects headed for our YieldCo, we are currently developing other wind
farms in Germany that will be sold directly to our customers."

About the PNE WIND Group

The PNE Wind Group, with its brands PNE WIND and WKN, is one of the leading
German wind farm developers. With its roughly 380 employees, the PNE WIND
Group has been offering services covering the entire added value chain
ranging from the development, planning, realisation, financing, operation,
marketing and repowering of wind farms in Germany and abroad from a single
source for more than 25 years. Once the completed plants have been handed
over to operators, the PNE WIND Group also offers technical and commercial
management services, including regular maintenance, for the wind farms. The
offshore wind farms at sea are developed up to the point where they are
ready to be constructed. In addition, through its YieldCo strategy, the
group of companies offers investors the possibility of investing directly
in commissioned and profitable wind farms. Alongside its business
activities in the established domestic market in Germany, the PNE WIND
Group is present at the international level in order to benefit from the
huge growth potential of the global wind energy market and it is expanding
into dynamic growth markets.

Contacts for queries

PNE WIND AG

Rainer Heinsohn
Head of Corporate Communications Tel: [phone] - 7 18 - 453
Fax: [phone] - 7 18 - 373
[e-mail]

PNE WIND AG

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



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

08.10.2015 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, , DE000A1R0741, , DE000A12UMG0
WKN: A0JBPG, A0B9VG, , A1R074, , A12UMG
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart


End of News DGAP News Service
---------------------------------------------------------------------
400921 08.10.2015