DGAP-News: PNE WIND AG: Calau II D wind farm commissioned

DGAP-News: PNE WIND AG / Key word(s): Miscellaneous PNE WIND AG: Calau II D wind farm commissioned and handed over to Allianz 30.09.2014 / 14:19 --------------------------------------------------------------------- PNE WIND AG: Calau II D wind farm commissioned and handed over to Allianz Cuxhaven, September 30, 2014 - The wind farm developer, PNE WIND AG has completed and handed over the Calau II D wind farm (Brandenburg) to the buyer of the project Allianz. The wind farm with five wind turbines and 15.4 MW of capacity has the same nominal output of the Calau II C wind farm which was also completed and sold to Allianz earlier this year. PNE WIND AG developed the wind farm projects and continues to be responsible for the technical and commercial management of the wind farms. The substation and the Calau II wind farm with15 wind turbines and approx. 46 MW of total nominal capacity was constructed in three construction phases over a 12 month period. The Calau II wind farms are helping to make this year a record year for the implementation of new wind farm projects in Germany. So far in 2014, PNE WIND AG has been constructing 186 MW of wind farms, which are either already commissioned or are currently under construction. These projects represent an investment volume of approx. EUR 325 million. For a further three projects 10 wind turbines with 28.6 MW of nominal capacity have already been ordered and preparations to begin construction are under way. Construction is scheduled to begin shortly. The Calau II wind farm is located in a forested area and to make use of the site's full potential, PNE WIND AG installed the Vestas V112 3.0 MW turbine with a particularly high hub height of 140 meters. With the commissioning of the Calau II D wind farm, the five turbines are able to produce environmentally friendly energy from the wind sufficient to cover the annual electricity needs of approx. 13,000 four-person households. Having completed the Calau II project in a forested area, PNE WIND AG has gained firsthand knowledge in working with high hub heights as well as activities designed to minimize impacts on the surrounding wooded areas. This knowledge can be applied to the Sontra und Chransdorf projects which are also being constructed in forested areas. Allianz has already acquired several wind farm projects in Germany and abroad from WKN AG. This cooperation has now been continued successfully within the PNE WIND Group. Martin Billhardt Chief Executive Officer (CEO) of PNE WIND AG comments "The continuation of the cooperation with Allianz is very pleasing and this satisfaction can also be extended to all who were responsible for the speedy realization of the wind farm. The wind farm represents a solid investment for Allianz and is characterized by steady income over a long period of time. David Jones, Head of Renewable Energy for Allianz: "We are delighted to acquire the final stage of the Calau wind park from PNE Wind Group and to expand our portfolio in Germany which is one of our core markets." Company profiles PNE WIND AG With its headquarters in Cuxhaven, PNE WIND AG 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, project planning, and financing of wind farms and in their operation and sales respectively with the provision of subsequent service. To date, the company has already successfully developed wind farm projects with a combined total nominal output of more than 2,000 megawatts. In addition to its business activities in the established German home market, PNE WIND AG is increasingly expanding into dynamic growth markets and is already represented in joint ventures and by subsidiary companies in 14 countries in Europe, Africa and North America. In these countries wind farm projects with a nominal output of over 5,200 megawatts are currently being developed and are 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 approved. 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 Blaum Tel: +49(0) 611 - 205855-64 Fax: +49(0) 611 - 205855-66 E-mail: blaum@cometis.de --------------------------------------------------------------------- 30.09.2014 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. 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 --------------------------------------------------------------------- 289516 30.09.2014