Press Release
Publisher: PNE AG
PNE WIND AG receives milestone payment amounting to EUR 45 million for the \"Gode Wind\" offshore projects
Cuxhaven - Today the Danish company, DONG Energy A/S, announced that it has taken the decision to construct and finance the \"Gode Wind\" 1 and 2 offshore wind farms in the North Sea. PNE WIND AG developed the \"Gode Wind\" offshore wind farms and sold them to DONG Energy in 2012. PNE WIND AG will continue to act as the service provider for DONG Energy in the development of this project.
The sales contract includes an agreement to make milestone payments upon reaching specified project stages. One of these milestones is this decision to construct and finance the project which has now been taken by DONG Energy. PNE WIND AG is therefore receiving an additional milestone payment amounting to EUR 45 million.
Martin Billhardt, Chairman of the Board of Directors of PNE WIND AG, commented: \"I am delighted that our successful co-operation with DONG Energy is now leading to the construction of two additional offshore projects. After long years of development this constitutes an important contribution towards the realisation of the aims of the German energy revolution. For PNE WIND AG, this is a significant contribution towards the realisation of this year\'s targets and gives us confidence to continue with our work on future offshore projects.\"
DONG Energy is one of the leading offshore wind energy companies. In 2013, DONG began with the construction of \"Borkum Riffgrund I\", its first German wind farm project which was also developed by PNE WIND AG and intends to invest about EUR 1.25 billion. In addition, DONG Energy is also carrying out further development on the \"Borkum Riffgrund II\" offshore wind farm which it also purchased from PNE WIND AG at the end of 2009.
Currently, PNE WIND AG is developing twelve offshore wind farm projects, of which it owns six itself and is the service provider for six additional projects which have already been sold.
Cuxhaven, 18th November 2013
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Attention editorial offices: For further questions please contact
PNE WIND AG
Rainer Heinsohn
Head of Company Communication
Tel: +49(0) 47 21 – 7 18 - 453
Fax: +49(0) 47 21 – 7 18 - 373
Email: Rainer.Heinsohn@pnewind.com
PNE WIND AG
Investor Relations
Scott McCollister
Tel: +49(0) 47 21 – 7 18 - 454
Fax: +49(0) 47 21 – 7 18 - 373
Email: Scott.McCollister@pnewind.com
Investor Relations
cometis AG
Ulrich Wiehle / Janis Fischer
Tel: +49(0) 611 – 205855-64
Fax: +49(0) 611 – 205855-66
Email: fischer@cometis.de
PNE WIND AG
Peter-Henlein-Straße 2 - 4
27472 Cuxhaven
Internet: http://www.pnewind.com
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The press release "PNE WIND AG receives milestone payment amounting to EUR 45 million for the \"Gode Wind\" offshore projects" von DE174885512 is also available in the following languages:
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PNE WIND AG erhält Milestone-Zahlung in Höhe von 45 Mio. Euro aus den „Gode Wind“ Offshore-Projekten
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About PNE AG
The internationally operating, listed PNE Group is included in the SDAX as well as the TecDAX. For more than 25 years, it has been one of the most experienced project developers in the field of onshore and offshore wind farms. The focus is on the development of wind power and photovoltaic projects worldwide as well as on electricity generation with its own wind farms. Its portfolio covers all project planning phases, from site investigation and the implementation of the approval procedures, through financing and construction, to operation and repowering.
As a clean energy solutions provider, the PNE Group also offers services for the entire life cycle of wind farms and photovoltaic plants. The PNE Group is a sought-after partner to industry for solutions for the refinement of electricity via power-to-X technologies.
Press contact at PNE AG
Alexander Lennemann
Mail: alexander.lennemann@pne-ag.com
Phone: +49 (0)4721 / 718-453