PNE AG: Successful constitutional appeal against the provisions of WindSeeG
August 20, 2020 at 05:12 am EDT
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DGAP-Media / 20.08.2020 / 11:12
Press release
PNE AG: Successful constitutional appeal against the provisions of WindSeeG
Cuxhaven/Karlsruhe, August 20, 2020 - Today, the Federal Constitutional Court published a Senate resolution regarding constitutional appeal against the provisions of WindSeeG (file no. 1 BvR 1679/17). PNE welcomes the fact that the Federal Constitutional Court has thus strengthened the principle of protection of confidence. PNE will analyse and evaluate the reasons for the decision. The resolution is not expected to influence the PNE Group Guidance 2020.
The legislature is now called upon to implement the Federal Constitutional Court's guidelines by June 30, 2021. PNE will monitor how the Federal Government will implement this.
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 into 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, service products and the supply of clean electricity. The Company is also focussing on the development of power-to-gas solutions.
PNE AG
Christopher Rodler
Investor Relations
Phone: +49 (0) 40 87933 114
Fax: +49 (0) 4721 718 373
Christopher.Rodler(at)pne-ag.com
End of Media Release
Issuer: PNE AG
Key word(s): Energy
20.08.2020 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.
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Language:
English
Company:
PNE AG
Peter-Henlein-Straße 2-4
27472 Cuxhaven
Germany
Phone:
04721 / 718 - 06
Fax:
04721 / 718 - 200
E-mail:
info@pne-ag.com
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
PNE AG, formerly PNE Wind AG, is a Germany-based renewable energy company. The Company develops onshore and offshore wind farms. It operates through two segments. The Electricity Generation segment covers the generation of electricity from the operation of own wind farms, and the Projecting of Wind Power Turbines covers the activities from initial site exploration, approval procedure, financing, turnkey construction, operation and repowering, as well as related services. The Company operates under the brands PNE and WKN and is active through subsidiaries and joint ventures in Europe, South Africa, the United States and Canada. The Company's offshore wind farms are mainly located in the North Sea and onshore wind farms are in numerous countries in Europe, as well as in South Africa, the United States and Canada. In addition to wind energy, PNE AG pursues solutions in the areas of photovoltaic energy, electricity storage and power-to-gas technologies with a focus on hydrogen.
PNE AG 
