PNE WIND AG

EANS-News: Vestas supports PNE WIND AG in the implementation of the "Gode Wind II" offshore wind-farm

-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Joint Ventures/Cooperation/Collaboration/Offshore Wind Farm Cuxhaven (euro adhoc) - Cuxhaven, August 20, 2009 - The wind-farm developer PNE WIND AG (ISIN: DE000A0JBPG2) today came to an agreement with the Danish wind energy system manufacturer Vestas Offshore A/S concerning support in the implementation of the Gode Wind II offshore wind-farm. This agreement entails the joint technical development for the set-up of 80 Vestas wind-energy systems in the "Gode Wind II" offshore project, which has already been approved. In this way, Vestas, the world's largest manufacturer of wind-energy systems, and PNE WIND AG are continuing cooperation which has already been tried and tested and successful in wind-farms on land (onshore) for the offshore area. In July 27, 2009, PNE WIND AG was given the approval for the "Gode Wind II" offshore wind-farm by the Federal Agency for Marine Shipping and Hydrography (BSH). Accordingly, this project in the North Sea about 33 kilometres to the north of Norderney can accommodate 80 wind-energy systems. PNE WIND AG currently has a total of 3 approvals for offshore wind-farm projects in the North Sea. The members of the board of directors, Martin Billhardt and Bernd Paulsen are pleased about the important progress for the project implementation: "'Gode Wind II' is directly next to the 'Gode Wind I' offshore wind-farm project, which has already been approved. Together, 160 offshore wind-energy systems can be set up in these projects according to the approvals in our possession. Vestas and PNE WIND AG are aiming for a start of implementation for "Gode Wind II" for 2011 / 2012." The General Agents of PNE WIND AG, Thorsten Fastenau (Offshore) und Roland Stanze (Business Development), who are also Managing Directors of the PNE Gode Wind II GmbH project company, are sure that they achieved an essential milestone on the road to implementing this project by coming to this agreement. Vestas currently has more than 374 wind-energy systems which it has set up and are in operation offshore all over the world and thus also has the greatest potential in experience in the set-up and operation of offshore projects. In addition, Vestas already has more than 100 further offshore systems under contract for implementation. Company profile PNE WIND AG with its headquarters in Cuxhaven plans and implements wind-farm projects on land (onshore) and also at high sea (offshore). In this context, its central competence is developing, projecting, implementing and financing wind-farms and their operation or sale with subsequent service. Up to now, the company has set up 92 wind-farms with 535 wind-energy systems and an overall nominal output of 770 MW. Alongside the business activity on the established German home market, PNE WIND AG is also increasingly investing in dynamic growth markets and has representations via joint ventures in Hungary, Bulgaria, Turkey, Great Britain, Ireland, Rumania and Canada. Wind-farm projects with a nominal output of up to 1,400 MW are currently being processed in these countries and are to be implemented in the medium term. In addition, a subsidiary has been founded in the USA. In Germany (onshore), wind-farm projects with a nominal output of more than 300 MW are currently being processed. Over and above this, PNE WIND AG develops offshore wind-farm projects, three of which have already been approved in German waters. Entering promising foreign markets is also being examined for the offshore area. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: PNE Wind AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: PNE WIND AG Presse- und Öffentlichkeitsarbeit Rainer Heinsohn Tel: +49(0) 47 21 - 7 18 - 4 53 Fax: +49(0) 47 21 - 7 18 - 3 73 E-mail: info@pnewind.com Investor Relations cometis AG Ulrich Wiehle / Dirk Stauer Tel: +49(0)611 - 205855-11 Fax: +49(0)611 - 205855-66 E-mail: wiehle@cometis.de Branche: Alternative energy ISIN: DE000A0JBPG2 WKN: A0JBPG Index: CDAX, Prime All Share, Technologie All Share Börsen: Frankfurt / regulated dealing/prime standard Berlin / free trade Hamburg / free trade Stuttgart / free trade Düsseldorf / free trade Hannover / free trade München / free trade

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