PNE WIND AG (FRA:PNE3) PNE commissions Kuhstedt II wind farm

Transparency directive : regulatory news

29/09/2022 13:15

EQS-Media / 29.09.2022 / 13:15 CET/CEST

PNE commissions Kuhstedt II wind farm

Four new wind turbines with a total output of 22 MW
Clean electricity for almost 18,000 households
PNE's own operating portfolio grows to 283 MW
Wind farms with a further 102 MW under construction

Cuxhaven, September 29, 2022 - With the Kuhstedt II wind farm, PNE AG has now commissioned a further wind farm. The four GE 5.5-158 wind turbines each have an output of 5.5 MW. The clean energy generated by the turbines can supply almost 18,000 households. The environment benefits from 34,000 tonnes less CO2 emissions per year, or 67,000 tonnes less brown coal per year, which corresponds to a freight train length of 20.6 km.

The new wind farm remains in PNE's own operation. The company's own generation portfolio thus grows to 283 MW. "Part of our corporate strategy is to significantly increase our own generation portfolio. With the new wind farm, we are taking another step towards our goal of having wind farms with a total capacity of 500 MW in own operation or under construction by the end of 2023. Wind farms with a capacity of 102 MW are currently in the construction phase. With the new wind farm, we are making an important contribution to combating climate change," says Markus Lesser, CEO of PNE.

Construction of the Kuhstedt II wind farm in the Rotenburg district began in July 2021 and the wind turbines are already producing. The wind farm, which has just gone into operation, is to be extended by two further wind turbines of the same design. A corresponding application for approval was already submitted in August of this year. Two wind turbines will be replaced by two new turbines with a total rated output of 11 MW.

About the 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 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.

Contact:

PNE AG
Alexander Lennemann
Head of Corporate Communication
Tel: +49(0) 47 21 – 7 18 - 453
Fax: +49(0) 47 21 – 7 18 - 373
E-mail: alexander.lennemann@pne-ag.com

PNE AG
Head of Investor Relations
Christopher Rodler
Tel: +49(0) 40 - 879 33 114
Fax: +49(0) 47 21 – 7 18 - 373
E-mail: Christopher.Rodler@pne-ag.com

End of Media Release

Issuer: PNE AG
Key word(s): Energy

29.09.2022 CET/CEST Dissemination of a Press Release, transmitted by EQS - 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,
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1453205


End of News	EQS Media

1453205 29.09.2022 CET/CEST

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