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Dow Jones News
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PNE AG: First wind farm in Sweden completed

Dow Jones received a payment from EQS/DGAP to publish this press release.

DGAP-Media / 2019-02-28 / 09:50 
 
*Corporate News* 
 
*PNE AG: First wind farm in Sweden completed * 
 
*- *Project with 25.2 MW erected 
 
- Wind farm commissioned on schedule 
 
Cuxhaven, February 28, 2019 - The internationally operating project 
developer PNE AG has completed the Swedish wind energy project Laxaskogen on 
schedule. The wind farm was developed by PNE and sold in 2017 to the German 
private investor Wirtgen Invest Energy GmbH. The wind farm was built by PNE 
group on behalf of the owner and has now been put into operation. The 
transaction and the construction phase have been accompanied for the 
investor by WiNRG GmbH, Hamburg. 
 
The wind farm was built in the South of Sweden. Laxaskogen is located in a 
forest area continuously used for modern Swedish forest industry. The area 
is already well equipped with roads constructed and used by forest machines 
and transportations. Construction has been completed as agreed within the 
first quarter 2019 and could be concluded on schedule. 
 
Total installed capacity for the Laxaskogen wind farm is 25.2 megawatts. The 
wind farm consists of 7 turbines each with a capacity of 3.6 megawatts. WKN 
GmbH, a company of PNE group, who developed the project in a cooperation, 
was be responsible for the construction of the project. 
 
Markus Lesser, CEO of PNE AG: "In this project we had very good und 
trustfully cooperation with the investor. The timely completion of the 
Laxaskogen wind farm demonstrates once again the high quality of PNE 
projects. Further wind farm projects in Sweden are already in the 
development phase." 
 
*About the 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 to become 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, in the 
future, the Company's range of offers will include photovoltaics, 
electricity storage, services and the supply of clean electricity. In this 
context, PNE is also involved in the development of power-to-gas solutions. 
 
*Contacts for enquiries* 
 
*PNE AG*                      *PNE AG* 
Rainer Heinsohn               Christopher Rodler 
Corporate Communications      Investor Relations 
Tel: +49 (0) 4721 718 453     Tel: +49 (0) 40 87933 114 
Fax: +49 (0) 4721 718 373     Fax: +49 (0) 4721 718 373 
Rainer.Heinsohn(at)pne-ag.com Christopher.Rodler(at)pne-ag.com 
 
End of Media Release 
 
Issuer: PNE AG 
Key word(s): Energy 
 
2019-02-28 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:   info@pne-ag.com 
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 
 
End of News DGAP Media 
 
782205 2019-02-28 
 
 

(END) Dow Jones Newswires

February 28, 2019 03:50 ET (08:50 GMT)

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