DGAP-News: PNE WIND USA constructs Chilocco wind farm project

DGAP-News: PNE WIND USA constructs Chilocco wind farm project

DGAP-News: PNE WIND AG / Key word(s): Miscellaneous
PNE WIND USA constructs Chilocco wind farm project

20.12.2013 / 10:53

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Chicago / Cuxhaven, December 20, 2013 - PNE WIND USA, a subsidiary of the
Cuxhaven, Germany based wind farm developer PNE WIND AG, has begun
construction on the Chilocco wind farm project located in U.S. State of
Oklahoma. The project, which has been developed to the point of
construction over the past few years will now be build in several phases
and have a nominal capacity of up to 153 MW when completed.

The wind farm is being built in an area located around the 'Chilocco Indian
School' on Indian tribe lands. There has been a very good and close
cooperation with the tribes of the Kaw, Otoe-Missouri, Ponca und Pawnee and
Cherokee during the development of the wind farm.

Martin Billhardt, CEO of PNE WIND AG comments: 'For us it is a great step
forward that our Chicago based team headed by Frank Kraatz has succeeded in
developing this large wind farm project to the start of construction. We
are delighted to have Mr. Kraatz, an experienced member of the WKN AG staff
by us in our team. His work has made a decisive contribution to the
realization of this project. This construction start illustrates that our
strategy of international diversification is now paying.'

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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20.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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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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245825 20.12.2013                                                      
 
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