05.09.2016
PNE WIND AG DE000A0JBPG2
DGAP-News: PNE WIND AG: Wind farm portfolio to be marketed by selling it to investors
DGAP-News: PNE WIND AG / Key word(s): Miscellaneous
PNE WIND AG: Wind farm portfolio to be marketed by selling it to investors
05.09.2016 / 16:51
The issuer is solely responsible for the content of this announcement.
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Corporate News
PNE WIND AG: Wind farm portfolio to be marketed by selling it to investors
Cuxhaven, 5. September 2016 - PNE Wind AG is planning the proportional or
full sale of its wind farm portfolio to one or more investors. The
Executive Board made this decision today with the agreement of the
Supervisory Board. As a result, the company is dismissing the concept of
marketing this portfolio differently through an initial public offering.
Investors solution preferred over initial public offering
PNE Wind AG has built up an impressive portfolio of wind farms with a
nominal output of more than 142 MW in its own portfolio since 2014. The
majority of these farms are already in operation. A smaller proportion is
under construction and will be commissioned soon. Another wind farm with
roughly 10 MW is in the approval process.
Markus Lesser, CEO of PNE WIND AG: "Following extensive market research, we
have now decided to sell the wind farm portfolio with roughly 152 MW
directly to investors or strategic partners. In the current market
conditions we see a better alternative in the direct sale of a complete
portfolio or a proportion of it than in a possible initial public offering.
This decision is based on the Executive Board and Supervisory Board's
assessment that a portfolio sale is primarily a more secure transaction
than an initial public offering.
The negotiations with investors regarding the sale of the wind farm
portfolio are to be concluded this year as planned.
The onshore wind farms bundled in the portfolio were erected at the
windiest locations in Germany. The efficiency of the wind farms already in
operation can be better assessed than is the case when wind farms are sold
before their erection.
International competitiveness
The PNE Wind Group is continuing on its successful path as a result. "With
an onshore pipeline project of currently roughly 4,700 MW in 13 countries
on three continents, we are very well and broadly positioned for future
development too," forecasts Markus Lesser.
About the PNE WIND Group
The PNE Wind Group, with its brands PNE WIND and WKN, is one of the leading
German wind farm developers. With its 360 employees, the PNE WIND Group has
been offering services covering the entire added value chain ranging from
the development, planning, realisation, financing, operation, marketing and
repowering of wind farms in Germany and abroad from a single source for
more than 25 years. Once the completed plants have been handed over to
operators, the PNE WIND Group also offers technical and commercial
management services, including regular maintenance, for the wind farms. The
offshore wind farms at sea are developed up to the point where they are
ready to be constructed. Alongside its business activities in the
established domestic market in Germany, the PNE WIND Group is present at
the international level in order to benefit from the huge growth potential
of the global wind energy market and it is expanding into dynamic growth
markets.
Contacts for queries
PNE WIND AG PNE WIND AG Rainer Heinsohn Scott McCollister Head of Corporate Communications Head of Investor Relations Tel.: +49(0) 47 21 - 7 18 - 453 Tel.: +49(0) 47 21 - 7 18 - 454 Fax: +49(0) 47 21 - 7 18 - 373 Fax: +49(0) 47 21 - 7 18 - 373 Rainer.Heinsohn(at)pnewind.com Scott.McCollister(at)pnewind.com--------------------------------------------------------------------------- 05.09.2016 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 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 News Service --------------------------------------------------------------------------- 499029 05.09.2016
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