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September 02, 2015 11:34 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of WKN Windkraft Nord AG

Company Overview

WKN Windkraft Nord AG develops energy projects in Europe and the United States. The company’s business activities include the location evaluation and development, planning and financing, construction and operation, and technical and commercial administration of wind farms. It also plans and constructs solar power stations (photovoltaic). The company was founded in 1990 and is headquartered in Husum, Germany with subsidiaries and joint ventures in various countries in Europe; and the United States. As of July 4, 2013, WKN Windkraft Nord 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 Windkraft Nord AG

Chairman of the Managing Board, Chief Executive Officer and Director
Age: 51
Chief Financial Officer and Member of Management Board
Age: 61
Chief Operating Officer and Member of Management Board
Age: 50
Chief Executive Officer of WKN USA and President of WKN USA
Chief Marketing Officer and Director
Age: 46
Compensation as of Fiscal Year 2015.

WKN Windkraft Nord AG Key Developments

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.

WKN AG Announces Executive Changes

WKN AG strengthens its Management Board to meet the challenges in its new markets as well as to meet the changing policy environment for the development of wind energy. Dr. Jorgen Dambrowski will take over as the successor to the previously announced departing CFO Michael Ostwald as of July 1, 2014. The board members Martinus Scherweit (CEO/Markets & Projects) and Roland Stanze (Purchasing & Sales) remain responsible for their respective areas. Originally it was planned that Roland Stanze would assume the function of CFO after the resignation of Michael Ostwald on July 1, 2014. Due to variously changing market conditions the areas of Purchasing, Sales, Project Financing and Strategic Partnerships will now be concentrated in a separate board function.

WKN AG Appoints Roland Stanze as CFO, Effective July 1, 2014

Roland Stanze, the former Executive Vice President and Head of Business Development with PNE WIND AG will be appointed Chief Financial Officer of WKN AG on 1st July 2014. He then succeeds the prsent WKN Financial Director, Michael Ostwald. Until then he will be member of the WKN board, responsible for purchase and sales. From 1st July 2014 in addition to his responsibilities as Chief Financial Officer of WKN AG, Roland Stanze will also be responsible for the purchasing of the PNE WIND Group's wind energy turbines and for the financing of the Group's wind farm projects. Currently, as Executive Vice President and member of the extended Board of Directors, he is responsible for the company divisions, Project financing, Systems purchasing, Sales and International acquisition, which are combined to form the Project Development Division at PNE WIND AG. In previous years Roland Stanze has played a key role in shaping the development of the company. From the beginning of 2014 he will be active for the Group companies in the WKN headquarters in Husum. Michael Ostwald will not extend his contract as Chief Financial Officer of WKN AG, ending 30 June 2014, at his own wish for personal reasons.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 22, 2014
WKN Windkraft Nord AG, Siebenbäumen Wind Farm
Merger/Acquisition
December 19, 2014
WKN Windkraft Nord AG., Wind Energy Project Looft II in Schleswig-Holstein
 

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