Corporate | 16 February 2015 14:11
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PNE WIND AG / Key word(s): Miscellaneous
Press Release PNE WIND AG intends to quickly realise projects in the United Kingdom with a financially strong partner – Optimum implementation of projects – Enabling the expansion of the Scottish Portfolio Cuxhaven/Edinburgh, February 16, 2015 – PNE WIND AG, an international German wind farm project developer, aims to quickly develop its projects located in the United Kingdom together with a financially strong partner. PNE WIND UK, the Edinburgh-based Joint Venture of PNE WIND AG, is primarily active in the development of wind farms in Scotland and is focussed on actively expanding its project pipeline which currently represents wind farm projects with approx. 1,169 MW of nominal capacity. Scotland does not only have excellent wind resources but also benefits from having an attractive and stable political climate for onshore wind energy. Operating in the UK and specifically Scotland has been a positive experience for PNE Wind AG. Martin Billhardt, CEO of PNE WIND AG: “From our discussions with potential investors, we have learned that they are particularly interested in large project portfolios such as the one developed by us. Several of our projects have already been approved or are close to obtaining approval. By involving a strong financial partner to quickly carry out investments in construction, operations and the monitoring of the wind farms in the region, we aim to realize strategic synergies. In addition to realising the value added from the development of these projects, we look to strengthen and secure our involvement in the Scottish market in the long term.” PNE WIND AG aims to form a partnership which enables it to expand the project pipeline and to participate in the development, construction and operation of the wind farms. PNE WIND UK has developed strong contacts with land owners, local authorities, local communities and Senior Government officials. PNE WIND AG will continue to rely on this network as well as the expertise of its PNE WIND UK employees with their offices in Edinburgh and Brighton. Company profile With its headquarters in Cuxhaven, PNE WIND AG plans and realises wind farm projects on land (onshore) and on the high seas (offshore). In doing so, its core competence lies in the development, project planning, realisation and financing of wind farms and in their operation and sales respectively with the provision of subsequent service. To date, the company has already successfully developed wind farms with a total nominal output of over 2,100 MW. In addition to its business activities in the established German home market, PNE WIND AG is increasingly expanding into dynamic growth markets and is already represented in joint ventures and by subsidiary companies in 14 countries in Europe, Africa and North America. In these countries, wind farm projects with a nominal output of over 5,000 MW are currently being developed and are to be completed in the medium term. PNE WIND AG is developing offshore wind farm projects, of which four major projects in German waters have already been approved. The offshore department area is developing own projects or projects for customers with a nominal capacity of up to 4,700 MW. Contact: Contact: PNE WIND AG Rainer Heinsohn Head of Corporate Communication Tel: +49(0) 47 21 – 7 18 – 453 Fax: +49(0) 47 21 – 7 18 – 373 E-mail: Rainer.Heinsohn@pnewind.com PNE WIND AG Investor Relations Scott McCollister Tel: +49(0) 47 21 – 7 18 – 454 Fax: +49(0) 47 21 – 7 18 – 373 E-mail: Scott.McCollister@pnewind.com 2015-02-16 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | PNE WIND AG | |
| Peter-Henlein-Straße 2-4 | ||
| 27472 Cuxhaven | ||
| Germany | ||
| Phone: | 04721 / 718 – 06 | |
| Fax: | 04721 / 718 – 200 | |
| E-mail: | info@pnewind.com | |
| Internet: | http://www.pnewind.com | |
| ISIN: | DE000A0JBPG2, DE000A0B9VG7, , DE000A1R0741, , DE000A12UMG0 | |
| WKN: | A0JBPG, A0B9VG, , A1R074, , A12UMG | |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart | |
| End of News | DGAP News-Service |
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| 323823 2015-02-16 |