EANS-News: PNE WIND AG sells offshore project "Nautilus II" to Ventizz Capital
Funds IV and agrees further cooperation
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Company Information
Cuxhaven (euro adhoc) - 8. November 2011 - Wind farm developer PNE WIND AG (ISIN
DE000A0JBPG2) has sold all rights to the offshore wind farm project "Nautilus
II" to SSP Technology Holding ApS. The offshore project is being planned in the
North Sea and is still in the planning and approval phase.
SSP Technology Holding ApS, a company of Ventizz Capital Funds IV, acquires all
shares of the project company "PNE WIND Nautilus II GmbH". PNE WIND AG will
further develop the offshore project as a service provider until approval is
received and will participate in the success upon reaching defined progress in
the project development. The project sale currently has no major impact on the
operating profit (EBIT) of PNE WIND AG.
80 wind turbines with a nominal output of up to 7 MW per turbine are planned for
the offshore wind farm project "Nautilus II". This results in a wind farm output
of up to 560 MW. The project site is located in the North Sea within the
exclusive economic zone of the Federal Republic of Germany about 180 kilometres
north-west of Helgoland. The approval is expected for 2013.
Company profile
PNE WIND AG, which is headquartered in Cuxhaven, plans and implements wind farm
projects on land (onshore) and at high sea (offshore). Core competencies are in
the development, planning, implementation and financing of wind farms, as well
as their operation and sales with associated service. So far, the company has
installed 97 wind farms with 563 wind power plants and a total capacity of 804
MW.
Besides business activities in the established German domestic market, PNE WIND
AG is increasingly expanding into dynamic growth markets and is already
represented through joint ventures and subsidiaries in Hungary, Bulgaria,
Romania, Turkey, United Kingdom, USA and Canada. In these countries, wind farm
projects with a capacity of up to 3,725 MW are currently being implemented for
the medium term. In Germany (onshore) wind farm projects with a nominal capacity
of more than 1,100 MW are currently in progress.
Furthermore, PNE Wind AG develops offshore wind farm projects, of which three
major projects in German waters have already been approved. Entry into promising
foreign markets will also be examined for the offshore area.
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 / Janis Fischer
Tel: +49(0)611 - 205855-64
Fax: +49(0)611 - 205855-66
E-mail: fischer@cometis.de
end of announcement euro adhoc
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company: PNE WIND AG
Peter-Henlein-Str. 2-4
D-27472 Cuxhaven
phone: +49(0)4721 718 06
FAX: +49(0)4721 718 373
WWW: http://www.pnewind.com
sector: Alternative energy
ISIN: DE000A0JBPG2, DE000A0B9VG7 DE000A0Z1MR2 DE000A1EMCW3
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English