Corporate | 5 September 2016 16:51
PNE WIND AG: Wind farm portfolio to be marketed by selling it to investors
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DGAP-News: PNE WIND AG / Key word(s): Miscellaneous
PNE WIND AG: Wind farm portfolio to be marketed by selling it to investors Cuxhaven, 5. September 2016 – PNE Wind AG is planning the proportional or full sale of its wind farm portfolio to one or more investors. The Executive Board made this decision today with the agreement of the Supervisory Board. As a result, the company is dismissing the concept of marketing this portfolio differently through an initial public offering. Investors solution preferred over initial public offering PNE Wind AG has built up an impressive portfolio of wind farms with a nominal output of more than 142 MW in its own portfolio since 2014. The majority of these farms are already in operation. A smaller proportion is under construction and will be commissioned soon. Another wind farm with roughly 10 MW is in the approval process. Markus Lesser, CEO of PNE WIND AG: “Following extensive market research, we have now decided to sell the wind farm portfolio with roughly 152 MW directly to investors or strategic partners. In the current market conditions we see a better alternative in the direct sale of a complete portfolio or a proportion of it than in a possible initial public offering. This decision is based on the Executive Board and Supervisory Board’s assessment that a portfolio sale is primarily a more secure transaction than an initial public offering. The negotiations with investors regarding the sale of the wind farm portfolio are to be concluded this year as planned. The onshore wind farms bundled in the portfolio were erected at the windiest locations in Germany. The efficiency of the wind farms already in operation can be better assessed than is the case when wind farms are sold before their erection. International competitiveness The PNE Wind Group is continuing on its successful path as a result. “With an onshore pipeline project of currently roughly 4,700 MW in 13 countries on three continents, we are very well and broadly positioned for future development too,” forecasts Markus Lesser. About the PNE WIND Group The PNE Wind Group, with its brands PNE WIND and WKN, is one of the leading German wind farm developers. With its 360 employees, the PNE WIND Group has been offering services covering the entire added value chain ranging from the development, planning, realisation, financing, operation, marketing and repowering of wind farms in Germany and abroad from a single source for more than 25 years. Once the completed plants have been handed over to operators, the PNE WIND Group also offers technical and commercial management services, including regular maintenance, for the wind farms. The offshore wind farms at sea are developed up to the point where they are ready to be constructed. Alongside its business activities in the established domestic market in Germany, the PNE WIND Group is present at the international level in order to benefit from the huge growth potential of the global wind energy market and it is expanding into dynamic growth markets. Contacts for queries
2016-09-05 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| 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, DE000A1R0741, , DE000A12UMG0, | |
| WKN: | A0JBPG, A1R074, , A12UMG, | |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange | |
| End of News | DGAP News Service |