DGAP-News

PNE AG: Dynamic start into 2021 with positive results - Seite 2

International realisation of wind farms
The development of further projects was advanced both nationally and internationally. The construction of wind farms on behalf of customers in Sweden has been continued. In Poland, two further wind farms are under construction, and one project already sold was put into operation.

In addition, PNE has entered into sales processes in Romania, France, the USA, Sweden, Poland and South Africa for already well-developed wind energy projects, some of which are expected to be completed this year.

Wind and PV project pipeline continues to grow
PNE deems itself well positioned for the further development in its core business of project development and operation. The pipeline of onshore wind energy projects in the various phases of project development has been expanded to more than 5,500 MW in spite of the continuous realisation of wind farms. This is a very good basis for the PNE Group to continue its positive development in the future.

There was also further progress in the first quarter in the development of photovoltaic projects. In this field, PNE was able to expand the pipeline of projects in progress to 674 MWp. This, too, is an important component of the strategic further development.

Forecast confirmed
Markus Lesser: "Accordingly, we can confirm our goals for the entire year: we expect Group EBITDA of euro 24 to 32 million in respect of our guidance for the 2021 fiscal year."

PNE is well on track. In spite of the current developments triggered by the COVID-19 pandemic, we are optimistic about the future.

About the PNE Group
The internationally operating PNE Group with its brands PNE and WKN is one of the most experienced project developers of onshore and offshore wind farms. Based on this success, the Group has developed into a "clean energy solutions provider". From initial site exploration and implementation of approval procedures via financing and turnkey construction to operation and repowering, the Company's services encompass all the phases of developing and operating. In addition to wind energy, the Company's range of offers includes photovoltaics, electricity storage, service products and the supply of clean electricity. The Company is also focussing on the development of power-to-X solutions.