BRIEF

on PNE WIND AG (isin : DE000A0JBPG2)

PNE AG Sells Papenrode Wind Farm to Qualitas Energy

Stock price chart of PNE WIND AG (EBR:PNE3) showing fluctuations.

PNE AG has announced the sale of its Papenrode wind farm to Qualitas Energy Deutschland GmbH. This repowering project, located in Lower Saxony, Germany, consists of nine turbines with a capacity of 59.4 MW. The project is currently under construction and is expected to begin operations in the second quarter of 2025.

The Papenrode wind farm, which started planning in 2016, replaces an older farm of 15 turbines. Despite the reduced number of turbines, the new setup will increase electricity production fivefold, contributing significantly to Germany's energy transition and climate protection goals.

PNE AG's CEO, Per Hornung Pedersen, emphasized the company's commitment to high-quality wind farm projects. Qualitas Energy, recognized for its focus on sustainability, expressed enthusiasm about partnering with PNE for this transaction.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all PNE WIND AG news