DGAP-News: PNE WIND AG: PNE WIND - Group increases wind farm development in Germany

DGAP-News: PNE WIND AG: PNE WIND - Group increases wind farm development in 
Germany

DGAP-News: PNE WIND AG / Key word(s): Miscellaneous
PNE WIND AG: PNE WIND - Group increases wind farm development in
Germany

09.01.2014 / 08:34

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Cuxhaven, 9 January 2014 - The PNE WIND-Group increases the realization
rate of wind farms in Germany. The Group comprising of the wind farm
development companies PNE WIND AG and WKN AG are set to realize
significantly more projects in Germany in 2014 than in the previous year.

In 2013, PNE WIND AG constructed or began construction on five wind farm
projects with 35 MW of nominal capacity. These include the 'Zernitz II',
'Langwedel II', 'Göricke Söllenthin', 'Söllenthin II' and 'Calau IIA' wind
farms.  In two of these projects the last remaining work is currently being
carried out.

Furthermore, PNE WIND AG has building permits on hand for additional wind
farms with 22 turbines and 58 MW of nominal capacity. PNE Wind AG plans to
begin construction on these projects shortly. The wind turbines and
financing has been arranged for these projects which are scheduled to be
completed and put into operation in 2014.

Additional wind farms are currently in the approval process and the
building permits are expected to be issued shortly. In total, wind farms
under construction, permitted or nearly permitted represent 160 MW of
generation capacity. The debt financing for these projects representing
more than EUR 200 million has already been secured with 6 German and
European banks.

'In the figures, the success of our intensive development work is evident.
The large number of permitted wind farms which will be constructed in the
near future is the result of our successful project development carried out
over the past few years. Our efforts are now paying off with the
implementation of these projects,' comments Markus Lesser Chief Operating
Officer of PNE WIND AG.

The majority owned WKN AG of the PNE WIND-Group, completed the 'Ebersgrün'
wind farm with four turbines and 8.2 MW of nominal capacity in 2013. WKN AG
currently has building permits for three wind farms with 14 turbines and a
total rated capacity of nearly 41 MW.  'The projects developed by us have
already been sold and will be constructed and put into operation in 2014,'
says Martinus Scherweit Chief Executive Officer of WKN AG. Additional wind
farms are currently in the approval process.

Martin Billhardt, Chief Executive Officer of PNE WIND AG comments, 'We are
with our experienced project development teams on a very good way to make
2014 one of our most successful years in terms of project implementation.
The bank financing of our wind farm projects has been secured. Outside of
our German domestic market, we expect PNE WIND AG and the Group companies
to make further progress in the development of our wind farm projects.'

Company profile

With its headquarters in Cuxhaven, the PNE WIND - Group 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, planning, financing,
operation, sales and service of wind farms. To date, the PNE Wind Group has
already developed wind farms with a total nominal output amounting to
nearly 2,000 MW.

In addition to its business activities in the established German home
market, PNE WIND AG is expanding into dynamic growth markets and is already
represented through joint ventures and subsidiary companies in 14 countries
in Europe, Africa and North America. In these countries wind farm projects
with a nominal output of approximately 4,800 MW are currently being
developed and are planned 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 permitted.


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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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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247363 09.01.2014                                                      
 
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