PNE WIND AG: Progress with the Construction of the new 200MW Portfolio
January 29, 2018 at 05:45 am EST
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DGAP-Media / 29.01.2018 / 11:41
Corporate News
PNE WIND AG: Progress with the Construction of the new 200MW Portfolio
Cuxhaven, 29. January 2018 - PNE WIND AG has successfully completed the first major phase for the construction of a new European wind farm portfolio: At the end of 2017, it was possible to completely commission the "Kührstedt/Alfstedt" wind farm (output of 43.2MW) and since then, the wind farm has been feeding electricity to the grids. This wind farm is a part of the European wind farm portfolio which is intended to combine both German and French wind farms by 2020 with a total output of around 200MW.
Since the "Kührstedt/Alfstedt" wind farm commissioning, PNE WIND AG has also been benefiting from the sale of climate-friendly electricity produced by the wind farms. In this regard, the Company also benefits from its long-term experience as a wind farm operator. Currently, PNE WIND AG operates wind farms with a total nominal output of about 69MW and these wind firms are completely owned by the Company. Some of these wind farms will be selected for re-powering to be modernised and increase efficiency.
Markus Lesser, CEO of PNE WIND AG: "Considering the economic success during the last year, PNE WIND AG will certainly start the 2018 financial year with a tailwind. The increase in the nominal output of wind farms which we operate ourselves guarantees that we have constant income from operations; at the same time, we, as the operators, are able to continuously monitor the quality level of projects which we develop internally."
About the PNE WIND Group
PNE WIND Group, a company operating on an international level with two brands, PNE WIND and WKN, is one of the most experienced project developers in the field of onshore and offshore wind farms. Based on this success, the Company has developed to become a "clean energy solutions provider." From initial site exploration and the approval procedure performance to financing and turn-key construction to operation and re-powering, the Company's services encompass all the phases for developing and operating wind farms: based on this strong position, we continue to develop. In addition to wind energy, in the future the Company's offer will include photovoltaic, electricity storage and power-to-gas technologies with a focus on hydrogen.
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
Phone: +49(0) 4721 718 454
Fax: +49(0) 4721 718 373
Christopher.Rodler(at)pnewind.com
End of Media Release
Issuer: PNE WIND AG
Key word(s): Energy
29.01.2018 Dissemination of a Press Release, 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.