PNE : sells wind farm in Brandenburg to CEE Group

DGAP-Media / 27.11.2019 / 15:28 Corporate News PNE Group sells wind farm in Brandenburg to CEE Group - 4 wind power turbines with 16.8 MW nominal capacity - PNE Group will in future act as a service provider in plant management for the CEE Group Cuxhaven and Hamburg, November 27, 2019 - WKN GmbH, which is a subsidiary of the PNE Group, sold the "Wölsickendorf" wind farm (Brandenburg), which has a total nominal capacity of 16.8 MW, to CEE Group in Hamburg. The wind farm comprises four modern Vestas V150 turbines with a capacity of 4.2 MW each. The wind farm will be erected by WKN GmbH and handed over on a turnkey basis. The construction stage began in April and is expected to be completed by the end of the year. After commissioning, the PNE Group will be responsible for the technical management of the wind farm. The "Wölsickendorf" wind farm is CEE Group's fourth wind farm acquisition from PNE. The acquisition increases CEE Group's total wind portfolio to 435 MW. CEE is active across Germany, France, Scandinavia, Benelux countries and Iberia. Markus Lesser, CEO of PNE AG: "The realisation of the wind farm and the sale to CEE as a renowned operator are very pleasing. In an environment that is currently not easy for wind energy, all those involved in the project have done a fantastic job." Detlef Schreiber, CEO of the CEE Group, commented: "With the acquisition of the Wölsickendorf wind farm, we were once again able to successfully work in partnership with a leading developer. We have a long-standing, collaborative relationship with the PNE Group." About CEE Group: The asset manager CEE Group, which specialises in investments in renewable energies, is expanding its onshore wind energy portfolio with the acquisition of the wind farm Wölsickendorf in Brandenburg. The Hamburg-based CEE Group now has onshore wind turbines with a total installed capacity of around 435 MW and photovoltaic plants with a capacity of around 315 MWp; total electricity production in 2018 was around 1.1 billion kilowatt hours. With assets under management of around EUR 1.4 billion, the CEE Group invests in energy generation projects in the wind and solar sectors. The investors of the CEE Group are institutional investors with a long-term interest in investments in renewable energies. The CEE Group was acquired by Brookfield Asset Management in 2017. About 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 the Company's range of offers includes 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: [phone] Fax: [phone] [e-mail] CEE Group Jens Schnoor Investment Director Phone: [phone] [e-mail] PNE AG Christopher Rodler Investor Relations Tel: [phone] Fax: [phone] [e-mail]   End of Media Release Issuer: PNE AG Key word(s): Energy 27.11.2019 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 AG
	Peter-Henlein-Straße 2-4
	27472 Cuxhaven
	Germany
Phone:	04721 / 718 - 06
Fax:	04721 / 718 - 200
E-mail:	[e-mail]
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:	922899

End of News	DGAP Media

922899  27.11.2019