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*Press release*
*PNE AG: Latin America - Hub in Panama *
*- *Implementation of the strategic orientation "Scale up"
- Great potential for wind energy and photovoltaics in Latin America
- Five advanced projects taken over in Panama
Panama/Cuxhaven, February 22, 2019 - Internationally operating project
developer PNE AG now also enters the market for renewable energies in Latin
America. Panama will become PNE AG's hub for the development of business in
this region. As part of its "Scale up" strategy, PNE AG has defined the
entry into foreign markets as an important cornerstone of its future
economic development and is now implementing this in an impressive manner.
Markus Lesser, CEO of PNE AG, comments on this expansion of international
activities: "In Latin America, we see great potential for the expansion of
renewable energies - both in wind energy and in photovoltaics. Therefore,
this step means the consistent implementation of our strategy in a promising
region."
Via subsidiaries, five projects in Panama have now been taken over from
innoVent Central America S.A., Panama, which is a subsidiary of innoVent
GmbH in Varel, Germany. Some of the projects are already at a very advanced
stage of development.
According to the International Renewable Energy Agency (IRENA), around 270
MW of wind energy and around 130 MW of photovoltaic projects have so far
been installed in Panama. The aim is to significantly expand the capacities
in the future. The Central American country not only enjoys frequent
sunshine but also very good wind conditions.
The essential steps towards approval of the mentioned projects have already
been completed. Depending on the project, some of the sites have already
been fully secured, and the necessary expert opinions, grid connection
studies and extensive results from wind measurement campaigns are available.
In Panama, PNE is counting on the market and the increasing demand for
renewable energies. The electricity generated in the projects after
commissioning will be marketed via direct power purchase agreements (PPAs)
under private law, as no tenders are expected in Panama in the near future.
The regulatory framework in Panama supports these considerations.
As a result of its entry into the Panamanian market, PNE AG now operates in
14 countries on three continents in the development of projects for the
generation of electricity from clean energies.
*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
2019-02-22 Dissemination of a Press Release, transmitted by DGAP - a service
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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
780011 2019-02-22
(END) Dow Jones Newswires
February 22, 2019 03:26 ET (08:26 GMT)
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