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Publisher: PNE AG

Strategic developments to 2027: PNE AG massively accelerates the scale up of the business

• Own generation portfolio to be expanded to 1,500 MW/MWp
• Increase in project pipeline to more than 20,000 MW/MWp planned
• Investments are strengthened
• Fourfold increase in EBITDA expected

Cuxhaven/Frankfurt (renewablepress) - PNE AG has completed the transformation to a clean energy solutions provider, which began in 2017, and can look back on the successful implementation of the "Scale up" strategy. PNE is now setting the course for the future. The company continues to develop the strategy and starts a new phase of accelerated growth with "Scale up 2.0".

PNE is thus responding both to the positive business development of recent years and to the current market environment, which promotes a growing demand for clean energy solutions and the accelerated expansion of renewable energies. Climate protection and independent energy supply can only succeed with the rapid expansion of renewable energies.

"Building on the robustness and successful development of our segments "project development", "services" and "electricity generation", we have reached a new order of magnitude and are getting closer to our vision of 100 percent energy supply through renewable energies. The complementary business segments will stabilise the earnings of the PNE Group, create synergies and thus offer high growth potential. We will expand and scale up our proven, successful business model. In doing so, we take advantage of market opportunities for the expansion of clean energies. At the same time, we are minimising the risks even further with our resilient business model," said Markus Lesser, Chief Executive Officer of PNE AG.

Project development: Expansion of the project pipeline and future technologies

In its core business, the PNE Group drives forward developments in the areas of wind onshore, wind offshore and photovoltaics (PV). The focus is also on future technologies such as hybrid projects with electrolysers, battery and gas storage systems as well as heat generators (CHP). In this context, PNE will also expand its technical competence for the development, construction and operation of power-to-X and battery solutions.

By 2027, PNE AG intends to increase its project pipeline to more than 20 GW/GWp (as of September 2022: 11.4 GW/GWp). In addition to 10 GW of onshore wind projects, the pipeline is expected to include around 8 GWp of PV projects and, beyond that, offshore wind projects of a further 2 GW.

Electricity generation: Massive expansion of own generation portfolio

As regards electricity generation, PNE aims at a significant expansion of its existing portfolio in the wind onshore and PV sectors. PNE builds up its electricity generation portfolio based on its own project development activities and strives for a total output in electricity generation from own operations of 1,500 MW/MWp by 2027 (as at September 2022: 283 MW). An additional focus is also placed on the continuous optimisation of all plants in order to ensure high technical availabilities and an optimised yield structure. PNE invests in wind farms and PV projects for own generation in the markets of Germany, France and Poland, and exclusively in PV in the markets of Italy and Spain.

Services: Expansion of life cycle management

The PNE Group aims to become one of the leading operational management companies in Europe. In the "services" segment, the company plans to manage wind and PV projects with a total capacity of more than 3,500 MW. In this respect, the focus is on additional service products in the areas of electricity trading, optimisation of wind and PV projects, life cycle management of renewable energy projects and engineering services, such as island solutions based on clean energies.

Increased investments

PNE intends to invest around euro 1.6 billion in its own portfolio by 2027, which is to be made up of external project financing and own funds. Additional investments will flow into the expansion of project development and future technologies.

PNE will continue to sell developed projects that are outside the markets for internal electricity generation in order to have funds for investments. The plan is to sell wind and photovoltaic parks with a total capacity of more than 600 MW/MWp on average each year.

Markus Lesser explains: "We have the necessary knowledge and the means to be able to implement our strategy on our own. With Scale up 2.0, we have set ourselves the goal of improving in all areas and increasing our EBITDA to more than euro 150 million by 2027. We are looking to the future with boundless energy and we expect to see significantly accelerated growth in the coming years."

About the PNE Group

The internationally operating PNE Group is listed on the SDAX and, 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 phases of project development and operation. In addition to wind energy, the company's range of offers includes photovoltaics, electricity storage, service products and the supply of clean electricity. PNE is also focussing on the development of power-to-X solutions.

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Cuxhaven/Frankfurt, 17 November 2022

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Attention editorial offices - For further questions please contact:

Media contacts:

Alexander Lennemann
Corporate Communications
Phone: +49 (0)4721 – 718-453
Fax: +49 (0)4721 – 718-373

Christopher Rodler
Investor Relations
Phone: +49 (0)40 - 87933-114
Fax: +49 (0)4721 - 718-373

Peter-Henlein-Straße 2-4
27472 Cuxhaven


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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
Phone: +49 (0)4721 / 718-453