PNE AG — M&A Activity 2014

Jan 7, 2014

News Details

Corporate | 7 January 2014 14:57

PNE WIND AG sells the first phase of the wind farm Calau II

DGAP-News: PNE WIND AG / Key word(s): Disposal

07.01.2014 / 14:57

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Cuxhaven, 7 January 2014 - The wind farm project developer PNE WIND AG has
sold the first phase of the wind farm Calau II (Brandenburg) to the Hamburg
based investment company CEE. The wind farm has five wind turbines and a
nominal capacity of 15.375 MW. Most of the wind turbines have already been
connected to the electricity grid and the wind farm is nearly fully
commissioned. Upon completion, PNE WIND AG will remain responsible for the
technical operation of the wind farm which it developed. HSH Nordbank
provided the long term debt financing and the new owner CEE has taken over
the commercial operations of the project.

The wind farm is located in a forested region and to harness as much energy
as possible from the site PNE WIND AG selected Vestas V112 3.0 MW turbines
with very high hub heights of 140 meters. The wind farm produces enough
clean and environmentally friendly electricity to power 13,000 four person
households.

CEE has been a provider of capital to the renewable energy sector for more
than twelve years. The Company has structured and financed projects in the
areas of wind energy, photovoltaic, biogas and biomass. With a power
portfolio of over 300 MW, CEE is one of the major 'Independent Power
Producers' in Germany. With a managed equity volume of more than EUR 400
million, CEE is expanding its power generation portfolio. Detlef
Schreiber, CEO of CEE comments, 'We are delighted to purchase the Calau IIA
wind farm developed by PNE WIND AG. In 2014, we plan to acquire additional
wind farms in Germany as well as in France and thus increase the amount of
electricity generated from renewable energies.'

Martin Billhardt CEO of PNE WIND AG comments, 'We are pleased with the
outcome of this first project with CEE, which was successfully carried out
in a timely fashion before the end of 2013.' Roland Stanze who led the
negotiations as Executive Vice President of PNE WIND AG commented, 'In
light of our large portfolio of wind projects, we have no trouble imagining
this being the basis of a strong and long term cooperation in Germany and
abroad.'

Company profile

With its headquarters in Cuxhaven, PNE WIND AG plans and realises wind farm
projects on land (onshore) and on the high seas (offshore). In doing so,
its core competence lies in the development, planning, financing,
operation, sales and service of wind farms. To date, the PNE Wind Group has
already developed wind farms with a total nominal output amounting to
nearly 2,000 MW.

In addition to its business activities in the established German home
market, PNE WIND AG is expanding into dynamic growth markets and is already
represented through joint ventures and subsidiary companies in 14 countries
in Europe, Africa and North America. In these countries wind farm projects
with a nominal output of approximately 4,800 MW are currently being
developed and are planned to be completed in the medium term.

In addition, PNE WIND AG is developing offshore wind farm projects, of
which four major projects in German waters have already been permitted.

About CEE

CEE based in Hamburg is an investment company specialized in renewable
energy with a managed equity volume of over EUR 400 million. The company
primarily invests in energy generation projects within the wind energy,
photovoltaic, biogas, biomass and near-surface geothermal energy sectors as
well as in relevant technology companies. Together with RWE Innogy, CEE has
a strategic partnership in the field of technology investments in young
companies. Partners of CEE include German based institutional investors
and family offices that have shown a long term interest in the renewable
energy market. CEE is led by Lampe Equity Management GmbH belonging to
Bankhaus Lampe KG and has more than ten years experience financing
renewable energy.

Contact:
Contact:

PNE WIND AG
Rainer Heinsohn
Head of Corporate Communication
Tel: +49(0) 47 21 - 7 18 - 453
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: Rainer.Heinsohn@pnewind.com

PNE WIND AG
Investor Relations
Scott McCollister
Tel: +49(0) 47 21 - 7 18 - 454
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: Scott.McCollister@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 Corporate News

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Language: English
Company: PNE WIND AG
Peter-Henlein-Straße 2-4
27472 Cuxhaven
Germany
Phone: 04721 / 718 - 06
Fax: 04721 / 718 - 200
E-mail: info@pnewind.com
Internet: http://www.pnewind.com
ISIN: DE000A0JBPG2, DE000A0B9VG7, , DE000A1EMCW3, ,
DE000A0Z1MR2, , DE000A1R0741
WKN: A0JBPG, A0B9VG, , A1EMCW, , A0Z1MR, , A1R074
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart

End of News DGAP News-Service

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