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PNE WIND AG

EANS-News: Vestas supports PNE WIND AG in the implementation of the "Gode Wind II" offshore wind-farm

Cuxhaven (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Joint Ventures/Cooperation/Collaboration/Offshore Wind Farm
Cuxhaven, August 20, 2009 - The wind-farm
developer PNE WIND AG (ISIN: DE000A0JBPG2) today came to an agreement
with the Danish wind energy system manufacturer Vestas Offshore A/S 
concerning support in the implementation of the Gode Wind II offshore
wind-farm. This agreement entails the joint technical development for
the set-up of 80 Vestas wind-energy systems in the "Gode Wind II" 
offshore project, which has already been approved. In this way, 
Vestas, the world's largest manufacturer of wind-energy systems, and 
PNE WIND AG are continuing cooperation which has already been tried 
and tested and successful in wind-farms on land (onshore) for the 
offshore area.
In July 27, 2009, PNE WIND AG was given the approval for the "Gode 
Wind II" offshore wind-farm by the Federal Agency for Marine Shipping
and Hydrography (BSH). Accordingly, this project in the North Sea 
about 33 kilometres to the north of Norderney can accommodate 80 
wind-energy systems. PNE WIND AG currently has a total of 3 approvals
for offshore wind-farm projects in the North Sea.
The members of the board of directors, Martin Billhardt and Bernd 
Paulsen are pleased about the important progress for the project 
implementation: "'Gode Wind II' is directly next to the 'Gode Wind I'
offshore wind-farm project, which has already been approved. 
Together, 160 offshore wind-energy systems can be set up in these 
projects according to the approvals in our possession. Vestas and PNE
WIND AG are aiming for a start of implementation for "Gode Wind II" 
for 2011 / 2012."
The General Agents of PNE WIND AG, Thorsten Fastenau (Offshore) und 
Roland Stanze (Business Development), who are also Managing Directors
of the PNE Gode Wind II GmbH project company, are sure that they 
achieved an essential milestone on the road to implementing this 
project by coming to this agreement.
Vestas currently has more than 374 wind-energy systems which it has 
set up and are in operation offshore all over the world and thus also
has the greatest potential in experience in the set-up and operation 
of offshore projects. In addition, Vestas already has more than 100 
further offshore systems under contract for implementation.
Company profile
PNE WIND AG with its headquarters in Cuxhaven plans and implements 
wind-farm projects on land (onshore) and also at high sea (offshore).
In this context, its central competence is developing, projecting, 
implementing and financing wind-farms and their operation or sale 
with subsequent service. Up to now, the company has set up 92 
wind-farms with 535 wind-energy systems and an overall nominal output
of 770 MW.
Alongside the business activity on the established German home 
market, PNE WIND AG is also increasingly investing in dynamic growth 
markets and has representations via joint ventures in Hungary, 
Bulgaria, Turkey, Great Britain, Ireland, Rumania and Canada. 
Wind-farm projects with a nominal output of up to 1,400 MW are 
currently being processed in these countries and are to be 
implemented in the medium term. In addition, a subsidiary has been 
founded in the USA. In Germany (onshore), wind-farm projects with a 
nominal output of more than 300 MW are currently being processed.
Over and above this, PNE WIND AG develops offshore wind-farm 
projects, three of which have already been approved in German waters.
Entering promising foreign markets is also being examined for the 
offshore area.
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

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