DGAP-News: PNE WIND group: WKN wind farm sold to CEE

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News Desk 2018

Dec 19, 2014 at 4:30 AM

DGAP-News: PNE WIND AG / Key word(s): Miscellaneous PNE WIND group: WKN wind farm sold to CEE 19.12.2014 / 10:27 --------------------------------------------------------------------- PNE WIND group: WKN wind farm sold to CEE German wind farm Looft II to be commissioned in 2015 Husum, December 19, 2014 - At the end of 2014 the Husum-based project developer WKN AG, a company of PNE WIND group, has sold the wind energy project Looft II (Schleswig-Holstein) to CEE, an investment company located in Hamburg. Handover of the project will take place on completion. The Schleswig-Holstein project Looft II in the district of Steinburg consists of four wind turbines. Two Vestas V112 each with an installed capacity of 3.075 megawatts and 94 metres hub height as well as another two Vestas V90 each with an installed capacity of 2.0 megawatts and a hub height of 105 metres will be erected. The commissioning of the wind farm is planned as of the second quarter of 2015; corresponding preparatory construction measures have already been taken. The wind farm will feed directly into the 110-kilovolt grid via a transformer station. The expected annual power production of the 10.15 megawatts farm amounts to approximately 26 million kilowatt hours. Thus, when put into operation the wind farm developed by WKN will provide environmentally friendly energy to about 7,500 households in Schleswig-Holstein. "Wind farm Looft II is the first transaction with CEE", Dr JÃ¼rgen Dambrowski, CFO of WKN AG reports. "Our majority shareholder PNE WIND has already cooperated with CEE successfully, thus we are also looking forward to our future cooperation. " WKN AG WKN AG has planned, installed and operated turnkey wind farms and solar power systems in Germany since 1990. In addition, WKN AG is internationally represented by subsidiaries and joint-ventures in numerous European countries, South Africa and the US. Up to now, the company has initiated and realized projects with a total of about 1,200 megawatts capacity. The headquarters of the WKN-Group are located at the "House of Future Energies", an established center of excellence for renewable energy sources in Husum/Germany. About 83 percent of WKN shares are owned by PNE WIND AG located in Cuxhaven/Germany while approx. 17 percent are held by private and institutional shareholders. CEE CEE is an investment company specializing in renewable energies with currently one billion euros assets under management. The company, headquartered in Hamburg, is primarily investing in energy generation projects within the wind, photovoltaic, biogas, biomass, and near-surface geothermal energy sectors as well as in associated technologies. CEE is being managed by Lampe Equity Management GmbH, a subsidiary of Bankhaus Lampe, and can draw back on more than ten years of experience in the financing of renewable energy projects. Further information available at www.cee-holding.de 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 --------------------------------------------------------------------- 19.12.2014 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-StraÃe 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, DÃ¼sseldorf, Hamburg, MÃ¼nchen, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 307455 19.12.2014

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