DGAP-News: PNE WIND AG awarded a contract in the CfD

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News Desk 2018

Feb 27, 2015 at 5:30 AM

DGAP-News: PNE WIND AG awarded a contract in the CfD tendering process for the Tralorg wind farm in the United Kingdom

DGAP-News: PNE WIND AG / Key word(s): Miscellaneous PNE WIND AG awarded a contract in the CfD tendering process for the Tralorg wind farm in the United Kingdom 27.02.2015 / 11:20 --------------------------------------------------------------------- Press Release PNE WIND AG awarded a contract in the CfD tendering process for the Tralorg wind farm in the United Kingdom Cuxhaven/Glasgow, February 27, 2015 - The Tralorg wind farm, which is being developed by PNE WIND UK, the Edinburgh-based Joint Venture of the international wind farm project developer PNE WIND AG, has completed an important step towards its realisation. The project is located in Scotland and was awarded a CfD (Contract for Difference) by the Department of Energy and Climate Change (DECC) of the British government. In the United Kingdom, CfDs are the fundamental basis of the wind power remuneration system and are awarded in a competitive bidding process. PNE WIND UK submitted the Tralorg wind farm to the first CfD tendering round in the United Kingdom and was one of only 15 onshore wind farms that obtained a contract. Having been awarded the CfD, nothing stands in the way of the project being realised in 2018. The planning activities for the Tralorg wind farm started in 2010. Consent for the project near Girvan in South Ayrshire, Scotland was issued in February 2014. Eight wind power turbines with a nominal capacity of 20 MW can be erected at the site. "The many years of preparatory work of our colleagues in Brighton and Edinburgh have paid off. Being awarded the CfD in the tendering process is good news and illustrates the high quality of our project development's team work", says Markus Lesser, Chief Operating Officer at PNE WIND AG. Currently, PNE WIND UK is active developing wind farm projects with a nominal capacity of approx. 1,169 MW. From these projects, many are in the final stages of the approval process. Company profile PNE WIND group 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, planning, realisation, financing, operation and sale of wind farms with a subsequent service offering. 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 is developing own projects and 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 --------------------------------------------------------------------- 27.02.2015 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, , DE000A1R0741, , DE000A12UMG0 WKN: A0JBPG, A0B9VG, , A1R074, , A12UMG Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 327829 27.02.2015

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