PNE WIND AG sells the Leddin IV wind farm to KGAL

PNE WIND AG sells the Leddin IV wind farm to KGAL

(DGAP-Media / 04.08.2014 / 12:55)

Cuxhaven, 4th August 2014 - In extending the "Leddin" (Brandenburg) wind
farm, the wind farm project developer, PNE WIND AG, has completed,
commissioned and sold two additional wind energy systems with a total
combined nominal output of four MW to KGAL GmbH & Co. KG. Since the
beginning of the year, the PNE WIND Group has constructed or started
construction on wind farms with a nominal capacity of 128 MW in Germany.
"We are making very good progress in project implementation and will likely
exceed our targets set for this year", said Markus Lesser, the Director
responsible for the operational business.

The two Vestas V90 wind energy systems with a hub height of 95 metres
represent an expansion of the existing "Leddin" wind farm which was also
developed by PNE WIND AG. PNE WIND AG will also take over the technical and
commercial operations management of these systems and thus remain
associated with the project in the long term.

Dr. Klaus Wolf, general manager responsible for infrastructure at KGAL
Investment Management GmbH & Co. KG's, comments: "Germany remains one of
our core markets for renewable energies. We are pleased to be able to
strengthen our successful cooperation with PNE WIND AG with the "Leddin IV"

Martin Billhardt, Chairman of the Board of Directors of PNE WIND AG, see
the company making good progress: "The intensive development of projects by
our team in recent years is now paying off. A good number of wind farms
will be completed or be under construction in the coming weeks. This
provides clear evidence of our competence."

Company profiles

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 KGAL: 
With its headquarters in Grünwald near Munich, KGAL GmbH & Co. KG has
initiated and supported long term capital investments with long term stable
incomes for over 46 years. Its scope of performance encompasses the
conception and the management of funds for institutional investors and
investment solutions for family offices. The quality of KGALs products in
its core asset areas of property, aircraft and infrastructure is based upon
the experience of its own experts.

As at 31.12.2013 the KGAL Group manages an investment volume amounting to
EUR 24.6 billion. Therefore investors have provided KGAL with equity
amounting to EUR 6.9 billion. The KGAL Group has 316 employees (status as
at: 31.12.2013).


Rainer Heinsohn
Head of Corporate Communication
Tel:  +49(0) 47 21 - 7 18 - 453
Fax: +49(0) 47 21 - 7 18 - 373

Investor Relations
Scott McCollister
Tel:  +49(0) 47 21 - 7 18 - 454
Fax: +49(0) 47 21 - 7 18 - 373

Investor Relations
cometis AG
Ulrich Wiehle / Janis Fischer
Tel:  +49(0) 611 - 205855-64
Fax: +49(0) 611 - 205855-66 

End of Media Release


Key word(s): Energy

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Language:    English                                               
Company:     PNE WIND AG                                           
             Peter-Henlein-Straße 2-4                              
             27472 Cuxhaven                                        
Phone:       04721 / 718 - 06                                      
Fax:         04721 / 718 - 200                                     
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,  
End of News    DGAP-Media  
280615 04.08.2014                                                      
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