DGAP-News: PNE WIND AG sees prospects for offshore wind energy on Germany's coastline

DGAP-News: PNE WIND AG sees prospects for offshore wind energy on Germany's 
coastline

DGAP-News: PNE WIND AG / Key word(s): Statement
PNE WIND AG sees prospects for offshore wind energy on Germany's
coastline

05.12.2013 / 11:39

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Cuxhaven, 5th December 2013 - The wind farm project developer, PNE WIND AG,
sees further prospects for an expansion of offshore wind energy on
Germany's coastline. In PNE WINDs opinion, the prolongation of the
acceleration model for electricity generated by offshore wind farms as
agreed in the coalition agreement concluded by the possible new governing
coalition signals a will to continue the expansion of offshore electricity
generation. Therefore, the current expansion plans should also be
maintained for the energy revolution to succeed.

PNE WIND AG is currently working on twelve offshore wind farm projects -
six of these are its own projects and six more are projects already sold
for which PNE WIND AG is the service provider. Subsequent to the Danish
energy corporation, DONG Energy, having taken the final decision to invest
in the construction of the 'Gode Wind' 1 and 2 offshore projects, three
offshore projects developed by PNE WIND AG are currently already under
construction. DONG Energy had begun the construction of 'Borkum Riffgrund
I' in the summer of 2013.

PNE WIND AG has now received a further payment amounting to EUR 45 million
euros from the sale the 'Gode Wind' 1 and 2 offshore wind farm projects.
The prerequisite for this payment was the final decision to invest in the
construction of the offshore wind farms taken by the Danish energy
corporation, DONG Energy, as purchaser of the offshore projects.


Company profile
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, project planning, and
financing of wind farms and in their operation and sales respectively with
the provision of subsequent service. To date, the PNE company group has
already developed wind farms with a total nominal output amounting to
almost 2,000 megawatts.

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 about 4,800 MW are currently being
developed and are to be completed in the medium term.

In addition, PNE WIND AG is developing offshore wind farm projects, of
which four major projects in German waters have already been approved.


Contact:
Contact:

PNE WIND AG
Rainer Heinsohn
Head of Corporate Communication
Tel:  +49(0) 47 21 - 7 18 - 453
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: Rainer.Heinsohn@pnewind.com


PNE WIND AG
Investor Relations
Scott McCollister
Tel:  +49(0) 47 21 - 7 18 - 454
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: Scott.McCollister@pnewind.com


Investor Relations
cometis AG
Ulrich Wiehle / Janis Fischer
Tel:  +49(0) 611 - 205855-64
Fax: +49(0) 611 - 205855-66 
E-mail: fischer@cometis.de


End of Corporate News

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05.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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, DE000A0B9VG7, , DE000A1EMCW3, ,         
             DE000A0Z1MR2, , DE000A1R0741                          
WKN:         A0JBPG, A0B9VG, , A1EMCW, , A0Z1MR, , A1R074          
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
End of News    DGAP News-Service  
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243320 05.12.2013                                                      
 
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