PNE Wind AG: Progress with the construction of the new 200mw portfolio

Cuxhaven, 29. January 2018 – PNE WIND AG has successfully completed the first major phase for the construction of a new European wind farm portfolio: At the end of 2017, it was possible to completely commission the “Kührstedt/Alfstedt” wind farm (output of 43.2MW) and since then, the wind farm has been feeding electricity to the grids. This wind farm is a part of the European wind farm portfolio which is intended to combine both German and French wind farms by 2020 with a total output of around 200MW.

Since the “Kührstedt/Alfstedt” wind farm commissioning, PNE WIND AG has also been benefiting from the sale of climate-friendly electricity produced by the wind farms. In this regard, the Company also benefits from its long-term experience as a wind farm operator. Currently, PNE WIND AG operates wind farms with a total nominal output of about 69MW and these wind firms are completely owned by the Company. Some of these wind farms will be selected for re-powering to be modernised and increase efficiency.

Markus Lesser, CEO of PNE WIND AG: “Considering the economic success during the last year, PNE WIND AG will certainly start the 2018 financial year with a tailwind. The increase in the nominal output of wind farms which we operate ourselves guarantees that we have constant income from operations; at the same time, we, as the operators, are able to continuously monitor the quality level of projects which we develop internally.”