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PNE WIND AG

EANS-News: PNE WIND AG has technical partner for offshore wind farm project "Gode Wind II" on board

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
May 26, 2010 - PNE WIND AG has successfully
completed another step in the implementation of their offshore wind 
farm project "Gode Wind II". Development partnerships were concluded 
with the businesses Per Aarsleff A/S (foundations), DRAKA Norsk Kabel
AS (internal farm cabeling) and currently with AREVA Energietechnik 
GmbH (transformer station). Previously, management business K2 
Management A/S from Denmark, which is very experienced in the 
technical development and implementation of offshore projects, was 
able to be incorporated.
With the set-up obtained now, the chief representatives of the PNE 
WIND AG, Thorsten Fastenau (Offshore) and Roland Stanze (Business 
Development), who also act as business managers of the project 
company PNE Gode Wind II, are confident that they will be able to 
successfully manage the "Gode Wind II" project to begin of 
realization in 2011/2012. All associated businesses have excellent 
references for implementing diverse offshore wind farm projects in 
other parts of Europe.
The chief executives of the PNE WIND AG, Martin Billhardt (CEO) and 
Bernd Paulsen (COO) are extremely satisfied with the progress made so
far. Martin Billhardt stated: "The offshore wind farm project "Gode 
Wind II" was approved in 2009 by the German maritime and hydrography 
agency (Bundesamt für Seeschifffahrt und Hydographie (BSH)). In this 
project, 80 wind turbines could be set up in the North Sea, some 33 
kilometres north of Norderney. The realization of this project is 
expected to start in 2011/2012. "Gode Wind II" directly borders the 
offshore wind farm project "Gode Wind I" which was also approved and 
which also fully belongs to PNE WIND AG. Both projects can set up 160
offshore wind turbines with a nominal output of up to 800 MW."
Business profiles
Per Aarsleff A/S is one of the largest companies in Denmark for 
building infrastructure and is amongst others specialised in the 
design and building of foundations for offshore wind farms. It was 
able to prove its capabilities in the following offshore projects, 
the delivery and installation of the research platform Fino II, the 
monopiles for offshore wind farms Horns Rev 2 and Thanet as well as 
the gravity foundations for the offshore wind farms Nysted, Sprogø 
and Rødsand 2.
DRAKA Norsk Kabel AS is a business based on Norway, which has 35 
years experience in the production, laying and installation of subsea
cables. DRAKA works with selected partners for special parts e.g. 
cable laying. A high-tech production plant in Drammen (Norway) was 
opened in 2009 to manufacture medium voltage subsea cables as they 
are put to use in offshore wind farms. DRAKA´s many years experience 
is reflected in the number of offshore projects across the world, for
example, tidal power stations in Sweden and the UK, subsea cable 
laying for crossing fjords in Scandanavia and contracts for the 
offshore wind farm Walney II.
AREVA Energietechnik GmbH is the german wholly subsidiary of AREVA 
T&D Holding SA with its headoffice in Paris. AREVA T&D is a world 
leader in electricity transmission and distribution and offers its 
customers a complete range of solutions for greater grid stability 
and energy efficiency. Selection list of references (Offshore High 
Voltage Substations): Barrow (UK), Alpha Ventus (Ger), Robin Rigg 
(UK).
K2 Management A/S is an internationally active business in Denmark 
which offers consulting and project management for large construction
projects in the energy sector. The services include all project 
phases from planning, design, contracting, and implementation to 
construction and support during the operation. Reference projects are
Q7, Scroby Sands, Thanet, Nordsee Ost and Dan Tysk.
PNE WIND AG with its headquarters in Cuxhaven develops and implements
wind farm projects on land (onshore) and at high sea (offshore). Its 
core competence is the development, planning, implementation and 
financing of wind farms and their operation or sale including 
subsequent service. So far, the company has set up 94 wind farms with
541 wind energy systems and a total nominal output of 782 MW.
Alongside its business activities in the established German home 
market, PNE WIND AG is also increasingly investing in dynamic growth 
markets and has subsidiaries and representations via joint ventures 
in Hungary, Bulgaria, Romania, Turkey, the UK, USA and Canada. Wind 
farm projects with a nominal output of about 1,700 MW are currently 
being processed in these countries and are to be implemented in the 
medium term. In Germany (onshore) currently wind farm projects with a
nominal output of more than 800 MW are being processed.
Furthermore, 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
Press and Public Relations
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, Technology All Share
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