• ISIN: DE000A0JBPG2
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Nachricht vom 19.02.2020 | 15:28

PNE Group has made an energetic start to 2020 with new projects

DGAP-Media / 19.02.2020 / 15:28


Press release

PNE Group has made an energetic start to 2020 with new projects

- Two wind farms with 24 MW completed

- Tenders won in Germany and Poland

- Further wind farm projects in Germany approved

Cuxhaven, February 19, 2020 - PNE Group, which is internationally active in the development of wind and photovoltaic projects, has had a buoyant start to the new year. The "Neuenwalde" wind farm (7.2 MW) and the "Wölsickendorf" wind farm (16.8 MW), which was built on behalf of the purchaser, were put into operation. In addition, PNE was successful in several tenders.

Tenders won in Germany
At the end of 2019, PNE won tenders for wind farm projects in Germany with 30.1 MW and in Poland with 94.8 MW of nominal capacity to be installed. Two further projects with a total capacity of 13.9 MW, which were granted approval in the last few weeks, successfully participated in the February tender of the Federal Network Agency. These successful projects can thus be realised.

Successes in Poland
There was good news from Poland at the end of 2019. The local PNE subsidiary participated in the tendering in December with three projects (total capacity of 94.8 MW) and was awarded contracts for all three projects. The projects are located in northern and central Poland. The aim is to realise the first project in 2020, followed by the other two projects in 2021.

The Polish "Barwice" project with a nominal capacity of 42 MW, which was sold earlier, was completed. Currently the turbines are taken into operation.

Further wind farm before the start of construction
In 2019, PNE received approval for a wind farm based in the federal state of Hesse (Schwalm-Eder district) with a capacity of 17.5 MW. The wind farm participated in the invitation to tender issued by the Federal Network Agency (BNetzA) in December and was awarded a contract. The wind farm comprises four wind power turbines of the type Nordex N149 with a capacity of 4.38 MW each. Preparatory construction work has already begun.

Success in South Africa
In South Africa, the PNE Group together with its joint venture WKN Windcurrent obtained the environmental permit for a project with 75 wind power turbines in December. The project is located in the Northern Cape province. In 2020, a further environmental permit was obtained for a project in the Eastern Cape province with up to 100 MW.

About PNE Group
The internationally operating PNE Group with its brands PNE and WKN is one of the most experienced project developers of onshore and offshore wind farms. Based on this success, the Group has developed to become a "clean energy solutions provider". From initial site exploration and implementation of approval procedures via financing and turnkey construction to operation and repowering, the Company's services encompass all the phases of developing and operating wind farms. In addition to wind energy, in the future, the Company's range of offers will include photovoltaics, electricity storage, services and the supply of clean electricity. In this context, PNE is also involved in the development of power-to-gas solutions.

Contacts for enquiries

Rainer Heinsohn
Head of Corporate Communications
Tel: +49 (0) 4721 718 453
Fax: +49 (0) 4721 718 373
Christopher Rodler
Head of Investor Relations
Tel: +49 (0) 40 87933 114
Fax: +49 (0) 4721 718 373


End of Media Release

Issuer: PNE AG
Key word(s): Energy

19.02.2020 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
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