PNE WIND AG receives milestone payment amounting to EUR 45 million
(firmenpresse) - (DGAP-Media / 18.11.2013 / 15:18)
Cuxhaven, 18th November 2013 - Today the Danish company, DONG Energy A/S,
announced that it has taken the decision to construct and finance the 'Gode
Wind' 1 and 2 offshore wind farms in the North Sea. PNE WIND AG developed
the 'Gode Wind' offshore wind farms and sold them to DONG Energy in 2012.
PNE WIND AG will continue to act as the service provider for DONG Energy in
the development of this project.
The sales contract includes an agreement to make milestone payments upon
reaching specified project stages. One of these milestones is this decision
to construct and finance the project which has now been taken by DONG
Energy. PNE WIND AG is therefore receiving an additional milestone payment
amounting to EUR 45 million.
Martin Billhardt, Chairman of the Board of Directors of PNE WIND AG,
commented: 'I am delighted that our successful co-operation with DONG
Energy is now leading to the construction of two
additional offshore projects. After long years of development this
constitutes an important contribution towards the realisation of the aims
of the German energy revolution. For PNE WIND AG, this is a significant
contribution towards the realisation of this year's targets and gives us
confidence to con-tinue with our work on future offshore projects.'
DONG Energy is one of the leading offshore wind energy companies. In 2013,
DONG began with the construction of 'Borkum Riffgrund I', its first German
wind farm project which was also developed by PNE WIND AG and intends to
invest about EUR 1.25 billion. In addition, DONG Energy is also carry-ing
out further development on the 'Borkum Riffgrund II' offshore wind farm
which it also purchased from PNE WIND AG at the end of 2009.
Currently, PNE WIND AG is developing twelve offshore wind farm projects, of
which it owns six itself and is the service provider for six additional
projects which have already been sold.
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, and
financing of wind farms and in their operation and sales respectively with
the provision of subsequent service. To date, the PNE company group has
already developed wind farms with a total nominal output amounting to
almost 2,000 megawatts.
In addition to its business activities in the established German home
market, PNE WIND AG is in-creasingly 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 about 5,000 MW are currently being
developed and 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.
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
18.11.2013 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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