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    PNE3   DE000A0JBPG2

PNE AG

(PNE3)
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PRESS RELEASE: PNE AG: Wind farms in France and Thuringia handed over

07/19/2021 | 04:44am EDT
DGAP-News: PNE AG / Key word(s): Disposal 
PNE AG: Wind farms in France and Thuringia handed over 
2021-07-19 / 10:42 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Corporate News 
PNE AG: Wind farms in France and Thuringia handed over 
- Both projects sold to CEE Group 
- Two projects with 7 wind turbines and 18.7 megawatts 
- Longstanding cooperation continued 
Cuxhaven, July 19, 2021 - PNE AG has sold two wind energy projects in France and Thuringia to the Hamburg-based CEE 
Group, an asset manager for renewable energies. The projects were developed by the PNE Group and comprise seven wind 
turbines with a total nominal capacity of 18.7 MW. The purchase price for both transactions was not disclosed. 
In France, the CEE Group purchased the newly developing Nanteuil wind farm from the PNE Group. The wind farm, which is 
currently under construction, comprises six wind turbines from the manufacturer Vestas. The type V110 has a hub height 
of 110 metres and a rated output of 2.2 MW. The total capacity of the six turbines is 13.2 MW. Construction began in 
July 2021 and the turbines are scheduled to be commissioned in November 2022. 
In the Töttleben district of Erfurt in Thuringia, CEE Group has also acquired a particularly powerful General Electric 
GE 5.5-158 wind turbine from PNE AG, which is already in operation. This turbine has a hub height of 161 metres and a 
rated output of 5.5 MW. This wind turbine was already erected last year and went into operation at the end of March 
this year. 
"With the PNE Group, we have once again worked in a very cooperative partnership with the internationally renowned 
project developer in the field of renewable energies on both projects. We would like to thank all those involved in 
these transactions for the professional and trusting cooperation and look forward to further joint projects to shape 
and secure the future of sustainable energy generation," said Detlef Schreiber, CEO of the CEE Group. 
Markus Lesser, CEO of PNE AG: "I am very pleased that we have been able to successfully continue our many years of good 
cooperation with the CEE Group in these two wind farm projects. We also see this sale of projects to the CEE Group as a 
recognition of the quality of the wind farms we have developed and are very optimistic about a continuation of this 
trusting cooperation in the future." 
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, PNE offers photovoltaics, electricity storage, service products and the supply 
of clean electricity. PNE is also focussing on the development of power-to-X solutions. 
Contacts for enquiries 
PNE AG                        PNE AG 
Rainer Heinsohn               Christopher Rodler 
Corporate Communications      Investor Relations 
Phone: +49 (0) 4721 718 453   Phone: +49 (0) 40 87933 114 
Fax: +49 (0) 4721 718 373     Fax: +49 (0) 4721 718 373 
Rainer.Heinsohn(at)pne-ag.com Christopher.Rodler(at)pne-ag.com ----------------------------------------------------------------------------------------------------------------------- 

2021-07-19 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:       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 
EQS News ID:  1219850 
 
End of News   DGAP News Service 
=------------ 

1219850 2021-07-19

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1219850&application_name=news 
 

(END) Dow Jones Newswires

July 19, 2021 04:43 ET (08:43 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.15% 33919.84 Delayed Quote.13.00%
GENERAL ELECTRIC COMPANY -3.00% 96.82 Delayed Quote.12.06%
PNE AG -1.69% 6.98 Delayed Quote.-12.75%
UNIVERSAL MUSIC GROUP N.V. -0.59% 25.1 Real-time Quote.0.00%
VESTAS WIND SYSTEMS A/S 0.00% 251.5 Delayed Quote.-14.10%
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Financials
Sales 2021 161 M 189 M 189 M
Net income 2021 -4,28 M -5,02 M -5,02 M
Net Debt 2021 349 M 409 M 409 M
P/E ratio 2021 -133x
Yield 2021 0,57%
Capitalization 533 M 624 M 625 M
EV / Sales 2021 5,47x
EV / Sales 2022 5,93x
Nbr of Employees 458
Free-Float 56,9%
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 6,98 €
Average target price 8,55 €
Spread / Average Target 22,5%
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Managers and Directors
Markus Lesser Chief Executive Officer
J÷rg Klowat Chief Financial Officer
Per Hornung Pedersen Chairman-Supervisory Board
Marcel Egger Member-Supervisory Board
Florian M. Schuhbauer Member-Supervisory Board