DGAP-News: PNE Group: Another successful sale in USA

2019. április 17., szerda, 11:40





DGAP-News: PNE AG / Key word(s): Miscellaneous


PNE Group: Another successful sale in USA


17.04.2019 / 11:40



The issuer is solely responsible for the content of this announcement.



PNE Group: Another successful sale in USA



- Wind farm "Burleigh" sold to Burke Wind, LLC



- International business continues to grow





Chicago/Cuxhaven, April 17, 2019 - PNE USA, Inc., which is part of the international PNE Group, has sold its interest in the Burleigh Wind development project to Burke Wind, LLC.



The Burleigh project is based near Bismarck in North Dakota. The project holds 24 land leases for over 15,000 acres with private landholders in Burleigh and Emmons Counties. The Burleigh Wind Project also holds an interconnection queue position with MISO for 298MW.



PNE USA previously sold its 79.9 MW Vivaldi/Stillwater Wind Project in Montana to Pattern Development. The Vivaldi/Stillwater Wind Project achieved commercial operation in 2018 under a PPA with Northwestern Energy.



Markus Lesser, CEO of PNE AG: "I am happy about the successful sale in USA. This shows again, that the internationalization of our business works and is bearing fruit. We are well positioned for further projects in wind and solar PV in the USA."




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

Rainer Heinsohn

Corporate Communications

Tel: +49 (0) 4721 718 453

Fax: +49 (0) 4721 718 373

Rainer.Heinsohn(at)pne-ag.com

PNE AG

Christopher Rodler

Investor Relations

Tel: +49 (0) 40 87933 114

Fax: +49 (0) 4721 718 373

Christopher.Rodler(at)pne-ag.com


 














17.04.2019 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.

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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
EQS News ID: 801127





 
End of News DGAP News Service





801127  17.04.2019 



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