PNE WIND AG (FRA:PNE3) PNE AG: Wind farms in France and Thuringia handed over

Directive transparence : information réglementée

19/07/2021 10:42

DGAP-News: PNE AG / Key word(s): Disposal
PNE AG: Wind farms in France and Thuringia handed over

19.07.2021 / 10:42
The issuer is solely responsible for the content of this announcement.

Corporate News

PNE AG: Wind farms in France and Thuringia handed over

- Both projects sold to CEE Group

- Two projects with 7 wind turbines and 18.7 megawatts

- Longstanding cooperation continued

Cuxhaven, July 19, 2021 - PNE AG has sold two wind energy projects in France and Thuringia to the Hamburg-based CEE Group, an asset manager for renewable energies. The projects were developed by the PNE Group and comprise seven wind turbines with a total nominal capacity of 18.7 MW. The purchase price for both transactions was not disclosed.

In France, the CEE Group purchased the newly developing Nanteuil wind farm from the PNE Group. The wind farm, which is currently under construction, comprises six wind turbines from the manufacturer Vestas. The type V110 has a hub height of 110 metres and a rated output of 2.2 MW. The total capacity of the six turbines is 13.2 MW. Construction began in July 2021 and the turbines are scheduled to be commissioned in November 2022.

In the Töttleben district of Erfurt in Thuringia, CEE Group has also acquired a particularly powerful General Electric GE 5.5-158 wind turbine from PNE AG, which is already in operation. This turbine has a hub height of 161 metres and a rated output of 5.5 MW. This wind turbine was already erected last year and went into operation at the end of March this year.

"With the PNE Group, we have once again worked in a very cooperative partnership with the internationally renowned project developer in the field of renewable energies on both projects. We would like to thank all those involved in these transactions for the professional and trusting cooperation and look forward to further joint projects to shape and secure the future of sustainable energy generation," said Detlef Schreiber, CEO of the CEE Group.

Markus Lesser, CEO of PNE AG: "I am very pleased that we have been able to successfully continue our many years of good cooperation with the CEE Group in these two wind farm projects. We also see this sale of projects to the CEE Group as a recognition of the quality of the wind farms we have developed and are very optimistic about a continuation of this trusting cooperation in the future."

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 into 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, PNE offers photovoltaics, electricity storage, service products and the supply of clean electricity. PNE is also focussing on the development of power-to-X solutions.

Contacts for enquiries

Rainer Heinsohn
Corporate Communications
Phone: +49 (0) 4721 718 453
Fax: +49 (0) 4721 718 373

Christopher Rodler
Investor Relations
Phone: +49 (0) 40 87933 114
Fax: +49 (0) 4721 718 373


19.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: PNE AG
Peter-Henlein-Straße 2-4
27472 Cuxhaven
Phone: 04721 / 718 - 06
Fax: 04721 / 718 - 200
E-mail: info@pne-ag.com
Internet: http://www.pne-ag.com
ISIN: DE000A0JBPG2, DE000A2LQ3M9, , DE000A12UMG0,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1219850

End of News DGAP News Service

1219850  19.07.2021