DGAP-News: PNE WIND AG sells the Calau II C and D wind

DGAP-News: PNE WIND AG / Key word(s): Miscellaneous PNE WIND AG sells the Calau II C and D wind farms to Allianz 30.06.2014 / 16:18 --------------------------------------------------------------------- Cuxhaven, 30th June 2014 - The wind farm project developer, PNE WIND AG, has sold the two wind farms, Calau II C and D (both in Brandenburg) to Allianz. The two wind farms, each with 5 wind energy systems, have a combined nominal output of 30.8 MW. PNE WIND AG developed both of the wind farms and will also take over the technical operations management upon their completion. While the Calau II C wind farm and a necessary transformer substation have already been commissioned, construction work is currently still being carried out on the Calau II D section. In order to be able to make optimum use of the location in a forested area, PNE WIND AG selected the Vestas V112 - 3.0 MW wind energy systems with a particularly high hub height of 140 metres. This ensures that the new turbines can produce environmentally friendly electricity from the wind equivalent to the annual consumption of about 26,000 four person households. Allianz has purchased several projects located in Germany and abroad from WKN AG in the past. This cooperation is now being continued with the PNE WIND Group. Martin Billhardt, Chairman of the Management Board (CEO) of PNE WIND AG: "With the sale of these projects, we are particularly pleased with the continuation of our collaboration with Allianz. The wind farms represent a lasting investment and strengthen Allianz's activities in the renewable energy sector." Udo Follrichs, who conducted negotiations on behalf of PNE WIND AG: "In view of our large project portfolio, we see this sale as the prelude to further productive cooperation." David Jones, Head of Renewable Energy for Allianz: "We are delighted with the addition of the Calau project to our portfolio. The German wind market continues to be one of our core markets. We have already been collaborating successfully with WKN for a long time and now look forward to continuing this in the newly formed PNE Wind Group. We also hope to continue this collaboration within the framework of future projects." Company profiles PNE WIND AG With its headquarters in Cuxhaven, the PNE WIND - Group plans and realises wind farm projects on land (onshore) and on the high seas (offshore). In doing so, its core competence lies in the development, planning, financing, operation, sales and service of wind farms. To date, the PNE Wind Group has already developed wind farms with a total nominal output amounting to nearly 2,000 MW. In addition to its business activities in the established German home market, PNE WIND AG is expanding into dynamic growth markets and is already represented through joint ventures and subsidiary companies in 14 countries in Europe, Africa and North America. In these countries wind farm projects with a nominal output of approximately 4,800 MW are currently being developed and are planned to be completed in the medium term. In addition, PNE WIND AG is developing offshore wind farm projects, of which four major projects in German waters have already been permitted. About Allianz Together with its customers and sales partners, Allianz is one of the strongest financial communities. Over 83 million private and corporate customers insured by Allianz rely on its knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks. In 2013, around 148,000 employees in over 70 countries achieved total revenues of 110.8 billion euros and an operating profit of 10.1 billion euros. Benefits for our customers reached 93.0 billion euros. This business success with insurance, asset management and assistance services is based increasingly on customer demand for crisis-proof financial solutions for an aging society and the challenges of climate change. Transparency and integrity are key components of sustainable corporate governance at Allianz SE. Contact: Contact: PNE WIND AG Rainer Heinsohn Head of Corporate Communication Tel: +49(0) 47 21 - 7 18 - 453 Fax: +49(0) 47 21 - 7 18 - 373 E-mail: 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 E-mail: Scott.McCollister@pnewind.com Investor Relations cometis AG Ulrich Wiehle / Janis Fischer Tel: +49(0) 611 - 205855-64 Fax: +49(0) 611 - 205855-66 E-mail: fischer@cometis.de End of Corporate News --------------------------------------------------------------------- 30.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: PNE WIND AG Peter-Henlein-Straße 2-4 27472 Cuxhaven Germany Phone: 04721 / 718 - 06 Fax: 04721 / 718 - 200 E-mail: info@pnewind.com Internet: http://www.pnewind.com ISIN: DE000A0JBPG2, DE000A0B9VG7, , DE000A1EMCW3, , DE000A0Z1MR2, , DE000A1R0741 WKN: A0JBPG, A0B9VG, , A1EMCW, , A0Z1MR, , A1R074 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 275918 30.06.2014