André De Rosa is the new General Manager of PNE WIND USA

André De Rosa is the new General Manager of PNE WIND USA

Cuxhaven, 6th January 2012 – A change in the management of PNE WIND USA, Inc. has taken place: André De Rosa is replacing Kelly Lloyd as General Manager. Kelly Lloyd has been General Manager of PNE WIND USA, a subsidiary company of the German wind farm developer, PNE WIND AG, since January 2009.

Approval of offshore wind farm project "Borkum Riffgrund II"

PNE WIND AG profits from the approval granted for the offshore wind farm project, "Borkum Riffgrund II"

Cuxhaven, 3rd January 2012 – On 30th December 2011, the Danish company, DONG Energy A/S, received the approval for the offshore wind park project, "Borkum Riffgrund II" from the Bundesamt für Seeschifffahrt und Hydrographie (BSH) (German Federal Maritime and Hydrographic Agency) in Hamburg. PNE WIND AG was also involved from the very outset in the development of this North Sea project, in which up to 97 wind energy systems can be constructed. Initially, PNE WIND AG developed the project autonomously and later continued its development jointly with DONG Energy. After "Borkum Riffgrund II" was sold to DONG Energy at the end of 2009, PNE WIND AG remained involved as a service provider and also profits financially.

Sale of offshore wind farm project "Gode Wind II" to danish investor Brancor Capital Partners

PNE WIND AG sells offshore wind farm project, "Gode Wind II" to the Danish investor, Brancor Capital Partners

Cuxhaven, 29th December 2011 – The wind farm project developer, PNE WIND AG (ISIN: DE000A0JBPG2) is selling its shares in PNE Gode Wind II GmbH, in which the offshore wind farm project "Gode Wind II" is being developed, to HYSSING Vermögensverwaltungsgesellschaft mbH, which is held by the Danish Brancor Capital Partners APS.

PNE WIND AG sells offshore project “Nautilus II” to Ventizz Capital Funds IV and agrees further cooperation

PNE WIND AG sells offshore project "Nautilus II" to Ventizz Capital Funds IV and agrees further cooperation

Cuxhaven, 8. November 2011 – Wind farm developer PNE WIND AG (ISIN DE000A0JBPG2) has sold all rights to the offshore wind farm project "Nautilus II" to SSP Technology Holding ApS. The offshore project is being planned in the North Sea and is still in the planning and approval phase.

PNE WIND AG publishes nine months figures 2011

PNE WIND AG publishes nine-month figures 2011

Cuxhaven , 7 November 2011 – Today, the wind farm project developer PNE WIND AG (ISIN DE000A0JBPG2) submitted the report on the development of the first nine months of fiscal year 2011. The company development is characterised by activities in the offshore area as well as the further development of the project pipeline of wind farms in Germany and abroad.

This is connected with considerable inputs. Because of these input costs for future income-generating wind farm projects, PNE WIND AG closed the first nine months of 2011 with an operating result (EBIT) of EUR -0.7 million (previous year: EUR 7.9 million). As short-term and medium-term positive results, especially from the offshore area, are expected, PNE WIND AG maintained the prediction that the operating result (EBIT) in fiscal years 2011 to 2013 will be total of at least EUR 60 to 72 million.

PNE WIND publishes half year financial report 2011

PNE WIND AG publishes 2011 half year results

Cuxhaven, August 8, 2011 – The wind farm developer PNE WIND AG (ISIN DE000A0JBPG2) has completed the first half year of 2011 successfully. The operating result (EBIT), the fundamental key value for the entrepreneurial success of a wind farm developer, lay at about EUR 0.9 million (previous year: EUR 8.2 million). The positive result is particularly due to the successful further development of the offshore projects. In addition, the company realised a turnover amounting to EUR 16.6 million at corporate level for the first six months of 2011. The drop in comparison to the previous year’s period, in which EUR 41.1 million was turned over, is the result of the planned lower number of onshore wind farms realised.