PNE : strengthens its position in the clean energy market

DGAP-Media / 29.01.2021 / 10:33 Corporate News PNE AG strengthens its position in the clean energy market - PNE completed, sold or started construction of wind farms with more than 460 MW - Rapidly increasing development of photovoltaic projects Cuxhaven, January 29, 2021 - PNE AG, an internationally operating developer of wind energy and photovoltaic projects, looks back on an operationally successful 2020. In the past fiscal year, PNE completed, sold or started construction of wind energy projects with a total capacity of approx. 461.2 MW (prior year: 450.8 MW). In addition, the development of photovoltaic projects was successfully expanded. Wind farm projects with a total nominal capacity of 178.7 MW (prior year: 100.4 MW) were completed and commissioned in Germany and Poland in 2020. Internally operated portfolio further expanded Due to the commissioning of a further project, the nominal capacity of the wind farms operated by PNE itself has increased to 134.8 MW. This internally held portfolio is expected to grow to up to 500 MW in the coming years. Nine wind farms were under construction in Germany, Poland and Sweden at the beginning of this year. 56 wind power turbines with a total nominal capacity of 223.1 MW will be erected in these projects. For two wind farms already sold with a capacity of 117.2 MW, PNE is acting as a service provider for the purchasers within the framework of construction management. International photovoltaic projects PNE has significantly expanded the development of photovoltaic projects in Germany, Romania, Italy and the USA. As of the beginning of 2021, photovoltaic projects with a planned nominal capacity of 548 MWp were being processed in these countries. This project portfolio will also be further expanded in the current year. Clean energy solutions Markus Lesser, CEO of PNE AG: "Despite a more difficult market environment in the time of the Corona virus, PNE has further strengthened its position in the international clean energy market. In line with the claim "pure new energy", we are going to evolve beyond wind energy into a broadly positioned provider of solutions for clean energies. In addition to our core business of project development of wind farms on land and at sea, we will expand the portfolio of internally operated wind farms. The development of photovoltaic projects is another step towards optimising our business model. The successful year 2020 spurs us on. This year, we want to position ourselves once again as one of the leading developers of renewable energy projects. At the same time, we will continue to meet the requirements of customers with a high level of expertise in wind energy services." About PNE Group The internationally operating PNE Group with its brands PNE and WKN is one of the most experienced project developers of onshore and offshore wind farms. Based on this success, the Group has developed into a "clean energy solutions provider". From initial site exploration and implementation of approval procedures via financing and turnkey construction to operation and repowering, the Company's services encompass all the phases of developing and operating wind farms. In addition to wind energy, the Company's range of offers includes photovoltaics, electricity storage, service products and the supply of clean electricity. The Company is also focussing on the development of power-to-X solutions. Contacts for enquiries PNE AG Rainer Heinsohn Corporate Communications Phone: [phone] Fax: [phone] Rainer.Heinsohn(at)pne-ag.com PNE AG Christopher Rodler Investor Relations Phone: [phone] Fax: [phone] Christopher.Rodler(at)pne-ag.com   End of Media Release Issuer: PNE AG Key word(s): Energy 29.01.2021 Dissemination of a Press Release, 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. Archive at www.dgap.de

Language:	English
Company:	PNE AG
	Peter-Henlein-Straße 2-4
	27472 Cuxhaven
	Germany
Phone:	04721 / 718 - 06
Fax:	04721 / 718 - 200
E-mail:	[e-mail]
Internet:	http://www.pne-ag.com
ISIN:	DE000A0JBPG2, DE000A2LQ3M9, , DE000A12UMG0,
WKN:	A0JBPG, A2LQ3M, , A12UMG,
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1164385

End of News	DGAP Media

1164385  29.01.2021