EANS-Adhoc: PNE WIND AG is given approval for the "Gode Wind II" offshore wind farm
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Company Information
27.07.2009
Cuxhaven, July 27, 2009 - The wind-farm developer PNE WIND AG (ISIN DE000A0JBPG2) today received the approval for the "Gode Wind II" offshore wind-farm from the Federal Agency for Marine Shipping and Hydrography (BSH). Thus, 80 wind-energy systems can be set up in this project in the North Sea about 33 kilometres to the north of Norderney. PNE WIND AG is planning the implementation of this project with a strong, financially sound partner.
"Gode Wind II" is directly adjacent to the "Gode Wind I" offshore wind-farm project which has already been approved. According to the approvals received, these projects together enable the set-up of a total of 160 offshore wind-energy systems with a nominal output of up to 800 MW. The start of realization for the "Gode Wind II" offshore wind-farm is planned for 2011 / 2012.
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With "Gode Wind II", the third offshore wind-farm project developed by PNE WIND AG (formerly Plambeck Neue Energien AG) has now been approved. "In this way, we have again proven our outstanding expertise and are the first German wind-farm developer to have received approvals for three offshore projects", explains the Head of the PNE Offshore Area, General Agent Thorsten Fastenau.
But the path to the approval was not easy. The first thoughts for the planning of "Gode Wind II" were as early as 2004. Military claims to use of the area in planning were only eliminated after time-consuming discussions, in which, amongst others, the German Members of Parliament Annette Faße and Enak Ferlemann committed themselves for the offshore plans.
In May 2007, the application for approval was presented to the Federal Agency for Marine Shipping and Hydrography (BSH) as the competent approval authority. Parallel to this, the necessary extensive examinations on the ecology, on the building foundation and on the safety of shipping were carried out. The results were presented to the approval authority in November 2008.
The amendment of the Renewable Energies Act (EEG) which came into force at the start of 2009, has improved the remuneration regulation for energy from German offshore wind-farms to an international level. "Thus, investments in German offshore wind-farms have become distinctly more attractive and also profitable in the long term for foreign investors", emphasised the Chairman of the Board of PNE WIND AG, Martin Billhardt.
PNE WIND AG will be implementing each of its approved offshore projects with financially sound partners and therefore will also be selecting such an investor for "Gode Wind II".
All told, the offshore area of PNE WIND AG is currently processing seven offshore projects off the German coast, three of which have already been approved.
In this way, PNE WIND AG makes a considerable contribution to environmental and climate protection, as offshore wind-farms also contribute to achieving the climate protection objectives of the federal government and to extending the share of electricity from regenerative energies to up to 47 per cent by the year 2020.
Company profile
PNE WIND AG is seated in Cuxhaven, Germany, and plans and implements wind-farm projects onshore as well as offshore. The companys core competence is the development, planning, implementation and financing of wind farms as well as their operation or sales with follow-up service. To this day, the company has constructed 92 wind farms with 535 wind-energy facilities and a total nominal output of 770 MW.
Aside the business activities on the established German domestic market, PNE WIND AG is increasingly expanding into dynamic growth markets and already is represented in Hungary, Bulgaria, Turkey, Great Britain, Ireland, Romania and Canada via joint ventures. At present, wind-farm projects with a nominal output of up to 1,400 MW are being processed in these countries, which are to be implemented in the medium term. Furthermore, a subsidiary was established in the US. In Germany (onshore), wind-farm projects with more than 300 MW nominal output presently are in processing.
In addition, PNE WIND AG develops offshore wind-farm projects, of which three large-scale projects in German waters already have been authorised. The company is already checking the opportunities for entering into promising foreign markets for the offshore division.
end of announcement euro adhoc
Further inquiry note:
PNE WIND AG
Presse- und Öffentlichkeitsarbeit
Rainer Heinsohn
Tel: +49(0) 47 21 - 7 18 - 4 53
Fax: +49(0) 47 21 - 7 18 - 3 73
E-mail: info@pnewind.com
Investor Relations
cometis AG
Ulrich Wiehle / Dirk Stauer
Tel: +49(0)611 - 205855-11
Fax: +49(0)611 - 205855-66
E-mail: wiehle@cometis.de
Branche: Alternative energy
ISIN: DE000A0JBPG2
WKN: A0JBPG
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade