DGAP-News: PNE AG / Key word(s): Acquisition
PNE AG has acquired the "Papenrode" wind farm
- 15 wind power turbines with 22,3 MW nominal capacity
- Wind farm now under the company's own operation
- Plans for subsequent repowering
Cuxhaven, May 15, 2019 - PNE AG, which is internationally active in the development and operation of projects, is taking over the "Papenrode" wind farm in the west of Lower Saxony. The wind farm comprises 15 wind power turbines with a total nominal capacity of 22,3 MW. PNE AG is planning to prepare the wind farm for repowering. PNE will initially operate the wind farm in-house.
Markus Lesser, CEO of PNE, comments: "In addition to developing new projects, we are also prepared to increasingly take over existing wind farms that are already in operation. By continuing to operate the plant, we can benefit from the proceeds from the marketing of the electricity generated there. In addition, we can prepare a possible repowering, i.e. the replacement of existing wind turbines by more modern and efficient ones. The market for this exists."
By way of repowering, the electricity generation of a wind farm can be multiplied. This has been proven by the experience gained in other projects that PNE has already repowered in recent years.
Fritz Laabs, previous wind farm operator: "I am very pleased about the successful completion and I am looking forward to further goal-oriented cooperation with PNE after the very competent talks held to date. Together we can work on repowering and thus continue to secure the future of wind energy at this site.
PNE AG's own electricity generation will be further strengthened by the takeover of the "Papenrode" wind farm. As a result, this area will be expanded to include wind farms with a total rated nominal capacity of 89.9 MW.
Great potential for repowering
About the PNE Group
Contacts for enquiries
15.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Phone:||04721 / 718 - 06|
|Fax:||04721 / 718 - 200|
|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:||811747|
|End of News||DGAP News Service|