PNE WIND AG: New financing line for equity capital of wind farm projects completed
November 17, 2017 at 06:10 am EST
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DGAP-News: PNE WIND AG / Key word(s): Financing
PNE WIND AG: New financing line for equity capital of wind farm projects completed
17.11.2017 / 12:03
The issuer is solely responsible for the content of this announcement.
Corporate News
PNE WIND AG: New financing line for equity capital of wind farm projects completed
Cuxhaven, November 17, 2017 - PNE WIND AG secures the development of new 200 MW wind farm portfolio by a financing line for equity capital in the volume of euro 25 million. The equity financing line for this wind farm projects has now been agreed with IKB Deutsche Industriebank AG. This is intended to finance equity capital for German and French wind farms that are intended to be included in the new international wind farm portfolio currently under construction. This portfolio will include wind farms with a nominal capacity of up to 200 MW. Wind farms with 43 MW nominal capacity are already under construction.
"With the new financing line, we were able to secure part of the equity required for the new 200 MW portfolio at an early stage and thus successfully complete one of the planned future financing arrangements in the Group," explained CFO Jörg Klowat.
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 approx. 360 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 and services are provided up to the operation of the 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 tremendous growth potential of the global wind energy market and it is expanding into dynamic growth markets.
Contacts for enquiries
PNE WIND AG
Rainer Heinsohn
Head of Corporate Communications
Tel: +49(0) 4721 718 453
Fax: +49(0) 4721 718 373
Rainer.Heinsohn(at)pnewind.com
PNE WIND AG
Christopher Rodler
Head of Investor Relations
Tel: +49(0) 47 21 - 7 18 - 454
Fax: +49(0) 47 21 - 7 18 - 373
Christopher.Rodler(at)pnewind.com
17.11.2017 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.
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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:
info@pnewind.com
Internet:
http://www.pnewind.com
ISIN:
DE000A0JBPG2, DE000A1R0741, , DE000A12UMG0,
WKN:
A0JBPG, A1R074, , A12UMG,
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
PNE AG, formerly PNE Wind AG, is a Germany-based renewable energy company. The Company develops onshore and offshore wind farms. It operates through two segments. The Electricity Generation segment covers the generation of electricity from the operation of own wind farms, and the Projecting of Wind Power Turbines covers the activities from initial site exploration, approval procedure, financing, turnkey construction, operation and repowering, as well as related services. The Company operates under the brands PNE and WKN and is active through subsidiaries and joint ventures in Europe, South Africa, the United States and Canada. The Company's offshore wind farms are mainly located in the North Sea and onshore wind farms are in numerous countries in Europe, as well as in South Africa, the United States and Canada. In addition to wind energy, PNE AG pursues solutions in the areas of photovoltaic energy, electricity storage and power-to-gas technologies with a focus on hydrogen.
PNE AG 
