PRESS RELEASE : PNE AG: PNE Group sold Swedish wind farm project 'Hultema'

DGAP-News: PNE AG / Key word(s): Sales Result 
PNE AG: PNE Group sold Swedish wind farm project 'Hultema' 
2021-03-15 / 10:30 
The issuer is solely responsible for the content of this announcement. 
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Corporate News 
PNE Group sold Swedish wind farm project "Hultema" 
- Wind turbines with a nominal output of around 60 MW planned 
- PNE Group acts as service provider for construction and operational management 
Cuxhaven, March 15, 2021 - The PNE Group, which is internationally active in the development of wind energy and 
photovoltaic projects, has achieved another success in Sweden. The Swedish wind farm "Hultema" with a planned nominal 
capacity of around 60 MW, which was developed by the PNE Group, has been sold to the Swiss infrastructure fund 
Reichmuth Infrastruktur II KmGK. 
Following the earlier sales of the Swedish wind energy projects "Målarberget" and "Laxaskogen" with a total nominal 
output of 138 MW, the PNE Group has thus realized a further project sale in Sweden. The "Hultema" wind farm is located 
in the southern part of Sweden and when completed will comprise of Siemens-Gamesa 6.0-155 wind turbines. 
The wind farm "Hultema" was developed by the Swedish WKN subsidiary VKS Vindkraft Sverige AB, which belongs to the PNE 
Group. In addition, a comprehensive financing concept initially designed by Norddeutsche Landesbank Girozentrale (NORD/ 
LB) was jointly further developed by the PNE Group, the investor, Newsec (acting as sales and financing advisor) and 
the bank consortium of NORD/LB (Debt Adviser and Mandated Lead Arranger) and Siemens Financial Services (SFS) through 
Siemens Bank (Mandated Lead Arranger). A long-term power purchase agreement (PPA) was concluded with Axpo for the 
marketing of electricity. 
Construction started in February 2021 and this will be managed by the PNE Group as a service provider on behalf of the 
buyer. Commissioning is planned for mid-2023. After commissioning the PNE subsidiary energy consult GmbH will be 
responsible for the technical and commercial management of the wind farm. 
Markus Lesser, CEO of PNE AG: "Our long-standing commitment in Sweden is once again paying off. I am pleased that we 
will continue to work with Reichmuth Infrastruktur II KmGK during the construction phase and subsequent operation of 
the wind farm. This shows the buyer's confidence in our competence." 
Nicolas Wyss, Head Investment Management of Reichmuth Infrastructure, comments: "As a specialized asset manager in the 
infrastructure sector, we are looking for sustainable and responsible investment solutions with a stable return 
profile. With the "Hultema" wind farm, we can offer our clients an attractive and long-term investment opportunity and 
are pleased to have found an experienced project developer as a partner in the PNE Group." 
Heiko Ludwig, Global Head of Structured Finance at NORD/LB, said: "We are delighted to have successfully achieved 
financial close of this milestone wind farm, providing support all the way to the very professional and committed teams 
of WKN, a member of PNE Group, and Reichmuth with NORD/LB structuring skills, alongside our partner SFS through Siemens 
Bank. Our in-depth knowledge of the Scandinavian market has enabled us to provide a tailor-made solution for our 
client. This marks our 10^th transaction in the Nordics, representing a total generation capacity over 1,500 MWs, and 
we look forward to working again with both core clients and SFS ." 
About PNE Group 
The PNE Group is internationally active as one of the most experienced project developers of onshore and offshore wind 
farms and a "Clean Energy Solutions Provider". From the initial site investigation and the implementation of the 
approval procedures, through financing and turnkey construction, to operation and repowering, our range of services 
covers all phases of project planning and operation of wind farms. In addition to wind energy, photovoltaics, storage, 
support services and the supply of clean electricity also form part of our portfolio. We are also involved in the 
development of power-to-X solutions. 
About NORD/LB 
NORD/LB Norddeutsche Landesbank, based in Hanover, is one of Germany's leading commercial banks with total assets of 
EUR 129 billion. As an institute under public law, it is part of the S-Finanzgruppe. With a financing volume of around 
EUR 16 billion, it is one of the most important financiers of renewable energies and infrastructure projects worldwide. 
Other core business areas include corporate customers, special financing for aircraft, financing of commercial real 
estate via Deutsche Hypo, capital market business, the S-Group business with the savings banks as well as private and 
business clients including private banking. 
About Reichmuth Infrastructure 
Reichmuth Infrastructure is a specialized asset manager, part of the private banking group Reichmuth & Co, and since 
2012 has focused on infrastructure investments in Switzerland and Europe in the areas of energy, transportation and 
waste management. Reichmuth Infrastructure offers institutional investors access to sustainable and responsible 
investment solutions with attractive long-term returns, and thus makes an active contribution to decarbonization and 
the green energy transition. 
About Siemens Financial Services 
Siemens Financial Services (SFS) - the financing arm of Siemens - provides business-to-business financial solutions. A 
unique combination of financial expertise, risk management and industry know-how enable SFS to create tailored 
innovative financial solutions. With these, SFS facilitates growth, creates value, enhances competitiveness and helps 
customers access new technologies. SFS supports investments with equipment and technology financing and leasing, 
corporate lending, equity investments and project and structured financing. Trade and receivable financing solutions 
complete the SFS portfolio. With an international network, SFS is well adapted to country-specific legal requirements 
and able to provide financial solutions globally. Within Siemens, SFS is an expert adviser for financial risks. Siemens 
Financial Services has its global headquarters in Munich, Germany, and has almost 3,000 employees worldwide. 
Contacts for enquiries 
PNE AG                        PNE AG 
Rainer Heinsohn               Christopher Rodler 
Corporate Communications      Investor Relations 
Phone: [phone]   Phone: [phone] 
Fax: [phone]     Fax: [phone] 
Rainer.Heinsohn(at)pne-ag.com Christopher.Rodler(at)pne-ag.com 
NORD/LB 
Thomas Breit 
Phone: [phone] 
Mobile: [phone] 
[e-mail] ----------------------------------------------------------------------------------------------------------------------- 

2021-03-15 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:       [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:  1175536 
 
End of News   DGAP News Service 
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1175536 2021-03-15

(END) Dow Jones Newswires

March 15, 2021 05:32 ET (09:32 GMT)