PNE AG - M&A Activity 2019 | FinancialReports.eu

News Details

Corporate | 17 April 2019 11:40

PNE Group: Another successful sale in USA

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

17.04.2019 / 11:40

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

PNE Group: Another successful sale in USA

– Wind farm “Burleigh” sold to Burke Wind, LLC

– International business continues to grow

Chicago/Cuxhaven, April 17, 2019 – PNE USA, Inc., which is part of the international PNE Group, has sold its interest in the Burleigh Wind development project to Burke Wind, LLC.

The Burleigh project is based near Bismarck in North Dakota. The project holds 24 land leases for over 15,000 acres with private landholders in Burleigh and Emmons Counties. The Burleigh Wind Project also holds an interconnection queue position with MISO for 298MW.

PNE USA previously sold its 79.9 MW Vivaldi/Stillwater Wind Project in Montana to Pattern Development. The Vivaldi/Stillwater Wind Project achieved commercial operation in 2018 under a PPA with Northwestern Energy.

Markus Lesser, CEO of PNE AG: “I am happy about the successful sale in USA. This shows again, that the internationalization of our business works and is bearing fruit. We are well positioned for further projects in wind and solar PV in the USA.”

About the PNE Group

The internationally operating PNE Group with its brands PNE and WKN is one of the most experienced project developers of onshore and offshore wind farms. Based on this success, the Group has developed to become a “clean energy solutions provider”. From initial site exploration and implementation of approval procedures via financing and turnkey construction to operation and repowering, the Company’s services encompass all the phases of developing and operating wind farms. In addition to wind energy, in the future, the Company’s range of offers will include photovoltaics, electricity storage, services and the supply of clean electricity. In this context, PNE is also involved in the development of power-to-gas solutions.

Contacts for enquiries


PNE AG Rainer Heinsohn Corporate Communications Tel: +49 (0) 4721 718 453 Fax: +49 (0) 4721 718 373 Rainer.Heinsohn(at)pne-ag.com	PNE AG Christopher Rodler Investor Relations Tel: +49 (0) 40 87933 114 Fax: +49 (0) 4721 718 373 Christopher.Rodler(at)pne-ag.com

17.04.2019 Dissemination of a Corporate News, 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 AG
	Peter-Henlein-Straße 2-4
	27472 Cuxhaven
	Germany
Phone:	04721 / 718 – 06
Fax:	04721 / 718 – 200
E-mail:	[email protected]
Internet:	http://www.pne-ag.com
ISIN:	DE000A0JBPG2, DE000A2LQ3M9, , DE000A12UMG0,
WKN:	A0JBPG, A2LQ3M, , A12UMG,
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	801127