August 31, 2016 11:39 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of WKN AG

Company Overview

WKN AG develops, constructs, and operates energy farms in Europe and the United States. It develops and promotes wind farms and photovoltaic projects. WKN AG was formerly known as WKN Windkraft Nord AG and changed its name to WKN AG in 2011. The company was founded in 1990 and is headquartered in Husum, Germany with additional locations in France, Italy, Poland, Sweden, the United States, and South Africa. As of July 4, 2013, WKN AG operates as a subsidiary of PNE Wind AG.

Otto-Hahn-Strasse 12-16

Husum,  25813

Germany

Founded in 1990

Phone:

49 48 41 89 44 100

Fax:

49 48 41 89 44 225

Key Executives for WKN AG

Chairman of the Managing Board, Chief Executive Officer and Director
Age: 52
Chief Financial Officer and Member of Management Board
Age: 60
Chief Operating Officer and Member of Management Board
Age: 51
Chief Executive Officer of WKN USA and President of WKN USA
Chief Marketing Officer and Director
Age: 47
Compensation as of Fiscal Year 2016.

WKN AG Key Developments

WKN Windkraft Nord AG Announces Executive Changes

The position of CFO at WKN AG is to be assumed by Gabriel J. Meurer as of 1 April 2016. Mr. Meurer, 59, unic Rela boasts extensive financial management experience gained both in Germany and abroad, as well as long-standing expertise in international projects. WKN AG's previous CFO, Dr. Jürgen Dambrowski, who has been a member of the Managing Board since 2014, will leave the company by the end of the first quarter of 2016, in agreement with WKN AG. In his capacity as member of the Managing Board and CFO, he was responsible for financial affairs, management accounting, administration, and services.

WKN AG Sells Wind Energy Project Looft II (Schleswig-Holstein) to CEE

At the end of 2014 WKN AG has sold the wind energy project Looft II (Schleswig-Holstein) to CEE, an investment company located in Hamburg. Handover of the project will take place on completion. The Schleswig-Holstein project Looft II in the district of Steinburg consists of four wind turbines. Two Vestas V112 each with an installed capacity of 3.075 megawatts and 94 metres hub height as well as another two Vestas V90 each with an installed capacity of 2.0 megawatts and a hub height of 105 metres will be erected. The commissioning of the wind farm is planned as of the second quarter of 2015; corresponding preparatory construction measures have already been taken. The wind farm will feed directly into the 110-kilovolt grid via a transformer station. The expected annual power production of the 10.15 megawatts farm amounts to approximately 26 million kilowatt hours. Thus, when put into operation the wind farm developed by WKN will provide environmentally friendly energy to about 7,500 households in Schleswig-Holstein.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 11, 2016
WKN Windkraft Nord AG, Westerengel
 

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