DGAP-News: PNE WIND AG sells the Calau II C and D wind farms to Allianz

DGAP-News: PNE WIND AG sells the Calau II C and D wind farms to Allianz

DGAP-News: PNE WIND AG / Key word(s): Miscellaneous
PNE WIND AG sells the Calau II C and D wind farms to Allianz

30.06.2014 / 16:18

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Cuxhaven, 30th June 2014 - The wind farm project developer, PNE WIND AG,
has sold the two wind farms, Calau II C and D (both in Brandenburg) to
Allianz. The two wind farms, each with 5 wind energy systems, have a
combined nominal output of 30.8 MW. PNE WIND AG developed both of the wind
farms and will also take over the technical operations management upon
their completion.

While the Calau II C wind farm and a necessary transformer substation have
already been commissioned, construction work is currently still being
carried out on the Calau II D section. In order to be able to make optimum
use of the location in a forested area, PNE WIND AG selected the Vestas
V112 - 3.0 MW wind energy systems with a particularly high hub height of
140 metres. This ensures that the new turbines can produce environmentally
friendly electricity from the wind equivalent to the annual consumption of
about 26,000 four person households.

Allianz has purchased several projects located in Germany and abroad from
WKN AG in the past. This cooperation is now being continued with the PNE
WIND Group.

Martin Billhardt, Chairman of the Management Board (CEO) of PNE WIND AG:
"With the sale of these projects, we are particularly pleased with the
continuation of our collaboration with Allianz. The wind farms represent a
lasting investment and strengthen Allianz's activities in the renewable
energy sector."

Udo Follrichs, who conducted negotiations on behalf of PNE WIND AG: "In
view of our large project portfolio, we see this sale as the prelude to
further productive cooperation."

David Jones, Head of Renewable Energy for Allianz: "We are delighted with
the addition of the Calau project to our portfolio. The German wind market
continues to be one of our core markets. We have already been collaborating
successfully with WKN for a long time and now look forward to continuing
this in the newly formed PNE Wind Group. We also hope to continue this
collaboration within the framework of future projects."


Company profiles

PNE WIND AG

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.


About Allianz

Together with its customers and sales partners, Allianz is one of the
strongest financial communities. Over 83 million private and corporate
customers insured by Allianz rely on its knowledge, global reach, capital
strength and solidity to help them make the most of financial opportunities
and to avoid and safeguard themselves against risks.

In 2013, around 148,000 employees in over 70 countries achieved total
revenues of 110.8 billion euros and an operating profit of 10.1 billion
euros. Benefits for our customers reached 93.0 billion euros.

This business success with insurance, asset management and assistance
services is based increasingly on customer demand for crisis-proof
financial solutions for an aging society and the challenges of climate
change. Transparency and integrity are key components of sustainable
corporate governance at Allianz SE.


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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30.06.2014 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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275918 30.06.2014                                                      
 
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