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PNE AG M&A Activity 2016

Sep 14, 2016

334_rns_2016-09-14_aeee2665-287d-4093-ba92-4c66fe2cff11.html

M&A Activity

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News Details

Media | 14 September 2016 10:04

PNE WIND group: WKN sells French wind project to John Laing

DGAP-Media / 2016-09-14 / 10:04

P R E S S R E L E A S E

14 September 2016

WKN sells French wind project to John Laing

Wind farm Sommette to be completed end of 2017

WKN AG, a leading developer of wind energy farms based in Husum, Germany, sold the French wind project Sommette-Eaucourt to John Laing Group plc (“John Laing”) at the beginning of September.

The wind farm will be built in Picardie, Northern France. Construction is expected to be completed at the end of 2017. Total installed capacity for the Sommette wind farm will be 21.6 megawatts. The wind farm will consist of 9 Nordex N117 turbines each with a capacity of 2.4 megawatts. WKN will be responsible for the construction of the project, and will also be commissioned as EPC contractor by John Laing.

WKN AG, which is part of the PNE WIND Group, again demonstrates its decades of experience in the construction of turnkey wind farms. “One of our major competencies surely is the contracting of huge and international infrastructural projects”, explains Roland Stanze, COO of WKN AG. “Thus, we are looking forward to realizing the first project related to our framework agreement concluded with John Laing beginning of this year.”

Ross McArthur, Managing Director Renewable Energy at John Laing: “We are pleased to have developed an excellent working relationship with WKN and following on from the signing of a three project Framework Agreement earlier this year to have closed the first project together”

WKN AG

WKN AG has planned, installed and operated turnkey wind energy farms in Germany since 1990. In addition, WKN AG is internationally represented by subsidiaries and joint-ventures in numerous European countries, South Africa and the US. Up to now, the company has initiated and realized projects with a total of about 1,300 megawatts capacity.

The headquarters of the WKN-Group are located at the “House of Future Energies”, an established centre of excellence for renewable energy sources in Husum/Germany. About 83 percent of WKN shares are owned by PNE WIND AG located in Cuxhaven/Germany while approx. 17 percent are held by private and institutional shareholders.

John Laing.

John Laing is an international originator, active investor and manager of infrastructure projects. Its business is focused on major transport, social and environmental infrastructure projects awarded under governmental public-private partnership (PPP) programmes, and renewable energy projects, across a range of international markets including the UK, France, other European countries, Asia Pacific and North America.

For more information, please contact:

Catrin Petersen, Head of Communications & Marketing, WKN

Telephone: +49 48 41 – 89 44 100

WKN AG

House of Future Energies

Otto-Hahn-Strasse 12 – 16, 25813 Husum, Germany

Tel. +49 4841 – 89 44 100

Fax +49 4841 – 89 44 225

www.wkn-ag.de

Publication and reprint free of charge. Archive copy kindly requested.

Contact:

Contact:

WKN

Catrin Petersen

Head of Communications & Marketing

Telephone: +49 48 41 – 89 44 100

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: [email protected]

End of Media Release


Issuer: PNE WIND AG

Key word(s): Energy

2016-09-14 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de


Language: English
Company: PNE WIND AG
Peter-Henlein-Straße 2-4
27472 Cuxhaven
Germany
Phone: 04721 / 718 – 06
Fax: 04721 / 718 – 200
E-mail: [email protected]
Internet: http://www.pnewind.com
ISIN: DE000A0JBPG2, DE000A1R0741, , DE000A12UMG0,
WKN: A0JBPG, A1R074, , A12UMG,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
End of News DGAP Media

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