DGAP-News: PNE WIND AG has founded the German and the UK

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Dec 19, 2014 at 5:15 AM

DGAP-News: PNE WIND AG has founded the German and the UK Yieldco companies

DGAP-News: PNE WIND AG / Key word(s): Miscellaneous PNE WIND AG has founded the German and the UK Yieldco companies 19.12.2014 / 11:06 --------------------------------------------------------------------- PNE WIND has founded the German and the UK Yieldco companies Cuxhaven / Edinburgh, 19 December 2014 - PNE WIND AG has now founded the subsidiary companies PNE WIND Yieldco Deutschland GmbH (Cuxhaven) and the PNE WIND Yieldco International Limited (Edinburgh, Scotland). With this step, the strategic expansion of PNE WIND AG's business model to initiate a Yieldco with 150 MW of German onshore wind farms is moving quickly forward. In the next step, commissioned wind farms will be placed in the PNE WIND Yieldco Deutschland GmbH before being acquired by the PNE WIND Yieldco International Limited. PNE WIND AG plans to sell the subsidiaries wholly or partly to investors by the end of 2016. Following the sale, PNE WIND AG intends to remain committed to the wind farms. One of the projects headed for the Yieldco, is the "Chransdorf" wind farm in Brandenburg with a nominal capacity of 57.6 MW. The project is already under construction. For additional projects, preparation activities are already underway and construction is scheduled to begin shortly. PNE WIND AG expects to benefit from its Yieldco strategy in multiple ways. The Company anticipates that a commissioned wind farm portfolio could be sold at better conditions than would be achieved if the wind parks were sold on an individual basis. The rationale behind this is that investors prefer portfolios with commissioned wind parks with proven operational results. Furthermore, the level of risk associated with a portfolio of wind farms is less than that of individual wind farms. PNE WIND AG plans on generating additional revenue through the management of the Yieldco and by providing O&M services for the wind farms in the portfolio. The formation of the Yieldco will also provide an additional sales channel for further projects developed by the PNE WIND Group. Finally, the temporarily owned wind farms will also deliver steady returns that will benefit the Group until the sale of the Yieldco. Martin Billhardt, CEO of PNE WIND AG: "With the Yieldco, we want to capitalise on new opportunities which will have very positive effects for the PNE WIND Group. With the Limited company being founded, we have the opportunity to take the Yieldco public in the UK, where several Yieldcos are already successfully listed." Company profile 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, realisation 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 farms with a total nominal output of over 2,100 MW. 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 5,000 MW are currently being developed and are to be completed in the medium term. PNE WIND AG is developing offshore wind farm projects, of which four major projects in German waters have already been approved. The offshore department area is developing own projects or projects for customers with a nominal capacity of up to 4,700 MW. 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 --------------------------------------------------------------------- 307491 19.12.2014

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Backdoor Reference Checks: A Hiring Minefield?

What's Really Happening with Job References? Every job seeker has been there, right? You're all set, resume polished to a shine, references lined up like a choir ready to sing your praises, and then bam—you hear that employers are contacting folks you never listed. A new report from Zety highlights this eyebrow-raising trend, and it's got us all questioning the value...

WhiteHorse Set to Redeem Its 2028 Notes Completely

WhiteHorse Finance Divests Its 7.875% Notes Well, WhiteHorse Finance is making some moves, folks. They're planning to redeem their 7.875% notes due in 2028, totaling a cool $34.5 million. This ain't just pocket change, especially with the way markets have been bobbing and weaving lately. The redemption is slated for December 15, 2026, when the notes will get delisted from...

Missoula Inventor Offers Handy Phone Solution on the Move

Adjustable Convenience for the Modern Commuter When you're commuting or just lounging around, less hand strain and more comfort sounds like a no-brainer, right? Well, an inventive soul from Missoula, Montana, just might have cracked this little nut with a gizmo they're calling the COMMUTER PHONE. Imagine never having to juggle your phone during those bumpy moments on the...

Pine AI Unveils AI Studio & Real-World Call Feature

Push Your Expectations: Pine AI Takes the Stage Here's a twist in tech worth a double take. Pine AI is shaking up the AI world with a brash blend of video genius and actual chat capabilities. Somehow, merely weeks after setting the tech scene ablaze with its AI-focused computer, it's already rolling out new applications faster than hotcakes on a skillet. But let’s chew...

CVRx Faces Legal Storm: Investors Grapple with Fallout

CVRx in the Crosshairs: Legal and Operational Woes There's a storm brewing over at CVRx, Inc. (NASDAQ: CVRX), and it's pulling investors down a hell of a financial rabbit hole. You might think you're in the clear with a company like CVRx that boasts approved devices, but think again. Recent revelations have shown that even those with FDA stamps aren't immune to the...

Thanksgiving in Outer Banks: Unique Traditions Await

Thanksgiving Plans Off the Beaten Path Thanksgiving in the Outer Banks isn't just another holiday; it's a whole different ball game. Imagine trading in the usual family couch-potato marathon for a beachside gathering, where the sand replaces the snow, and coastal seafood joins the turkey on your dinner table. If you've been teetering on the edge of making plans, this...

Innovative Rotating Kitchen Organizer Up for Licensing

Dusting Off the Corners: A Fresh Spin on Kitchen Storage Just when you think there's nothing new under the sun when it comes to storing your kitchen gadgets, here comes an invention straight out of Billings, Montana. It's called The Rotating Kitchen Organizer, a nifty contraption that's all set to turn those dead corners into prime real estate. How many times have we...

Custom Upholstered Furniture: Comfort Built to Last

Rethinking Furniture Comfort: Not Just a Luxury Diving into the world of custom upholstered furniture with insights from Randy Marohn is like finding a cheat sheet for comfort. Seriously, it ain't just about plush cushions or slick fabrics—it's a bonafide science. Marohn, from Sans Furniture Inc. in good ol’ Hamburg, NY, unfolds a tale of intentional design and...

Beko Pushes for Policy Synergy Amidst Carbon Shakeup

When big names like Beko step up on the global stage, you pay attention. During the COP31 panels in Antalya, Türkiye, the company's brass made one thing clear: we need harmony in how climate, trade, and finance policies come together. The stakes? The very strength of industrial competitiveness as new carbon rules turn the heat up on manufacturing practices. The Call for...

When to Switch Your LLC to S Corp Status: Tips

Is Your LLC Ready for the S Corp Leap? Thinking about shifting your LLC to S corporation status? You're not alone—many business owners hit this fork in the road as their enterprise starts rolling in more dough. And if you're scratching your head wondering if this switch makes sense for your venture, listen up because timing and context are everything here. When Should...