PNE WIND AG acquires three offshore projects in the North Sea
(firmenpresse) - (DGAP-Media / 17.09.2013 / 16:54)
Cuxhaven, September 17th, 2013 - PNE WIND AG (ISIN: DE000A0JBPG2) has
acquired three offshore projects in the North Sea through its subsidiaries
'Atlantis' I to III from BARD Engineering GmbH. The projects have been
developed so far from the previous owner that they are currently in the
planning approval process at the Federal Maritime and Hydrographic Agency
(BSH). PNE WIND AG intends to develop the acquired projects through the
permitting process and up until the point where they are ready to
construct.
'We have demonstrated with the Borkum Riffgrund and Gode Wind projects that
we can successfully develop and sell offshore wind farm projects. The
'Borkum Riffgrund I' project, which we developed and sold to DONG Energy
and remain active as a service provider, is currently under construction.
With this acquisition, we have doubled the number of our own projects in
the North Sea and are therefore better positioned for the future,' explains
Thorsten Fastenau, Head of Offshore PNE WIND AG.
The PNE WIND AG subsidiaries will pay EUR 17 million upon completion of the
purchase agreement which is dependent of various closing conditions.
Additional variable instalment payments, which could amount to
significantly more than the fixed payment, will be due to the seller as the
projects reach defined points in their development or have been sold.
According to current planning, up to 240 wind turbines with 5 MW of nominal
capacity each could be built in the three acquired offshore wind farm
projects. The project areas are located in the German Exclusive Economic
Zone (EEZ) in the North Sea.
With the acquired projects, PNE WIND AG is now working on twelve offshore
wind farm projects in the North Sea, of which six are our own projects and
the remaining six we are active as a service provider. In the development
and implementation of these projects, the Cuxhavener Company is making a
major contribution to the success of the energy transition with the
electricity from offshore wind farms being a key pillar of the future
electricity supply.
Martin Billhardt, CEO of PNE WIND AG is optimistic about the future: 'With
the acquisition of WKN AG, we have greatly expanded our onshore wind farm
development activities at the national and international level and now,
with the purchase of the 'Atlantis' projects, we have done the same for our
offshore activities. The PNE WIND Group is therefore well positioned for
its future development.
Company profile
PNE WIND AG with its headquarters in Cuxhaven plans and realizes wind farm
projects on land (onshore) and on the high seas (offshore). In doing so,
its core competence lies in the development, planning, realisation and
financing of wind farms as well as their operation respective to a sales
with service agreement. To date, the Group has successfully developed wind
farms with a nominal capacity of approx. 2,000 MW.
In addition to its business activities in the established German home
market, the PNE WIND Group is increasingly expanding into dynamic growth
markets and is already represented through joint ventures and subsidiaries
in 14 countries in Europe, Africa and North America. In these countries
wind farm projects with a nominal capacity of approx. 5,000 MW are
currently being developed which are to be completed in the medium term.
In addition, PNE WIND AG is developing offshore wind farm projects, of
which four major projects in German waters have already been approved. An
entry into promising international offshore wind markets is also being
examined.
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(at)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(at)pnewind.com
Investor Relations
cometis AG
Ulrich Wiehle / Janis Fischer
Tel: +49(0) 611 - 205855-64
Fax: +49(0) 611 - 205855-66
E-mail: fischer(at)cometis.de
End of Media Release
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Issuer: PNE WIND AG
Key word(s): Energy
17.09.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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(at)pnewind.com
Internet: http://www.pnewind.com
ISIN: DE000A0JBPG2, DE000A0B9VG7, , DE000A1EMCW3, ,
DE000A0Z1MR2, , DE000A1R0741
WKN: A0JBPG, A0B9VG, , A1EMCW, , A0Z1MR, , A1R074
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP-Media
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