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" project."  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  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 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).  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 Media Release  ---------------------------------------------------------------------  Issuer: PNE WIND AG Key word(s): Energy  04.08.2014 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.  The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de  ---------------------------------------------------------------------   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-Media   ---------------------------------------------------------------------   280615 04.08.2014                                                        
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