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PNE WIND AG

EANS-News: PNE WIND AG opens office in Edinburgh

Cuxhaven/Edinburgh (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Company Information
February 14, 2011 - SCOTLAND'S
renewable energy target of 80 per cent by 2020 has been boosted by 
the arrival of a major wind farm developer. PNE WIND UK Limited is 
planning to invest intensively in Britain over the next three years. 
The company has recently acquired offices in Edinburgh city centre 
which was officially opened by Anne MacColl, the new chief executive 
of Scottish Development International.
PNE WIND UK Limited is a subsidiary of PNE Wind AG who has built up a
portfolio of onshore and offshore wind farms since 1995 in Germany, 
Bulgaria, Hungary, Romania, Turkey, Canada, UK  and the United 
States.
It was the Scottish Government's ambitious targets for renewable 
electricity which convinced PNE to establish offices north of the 
border. They have hit the ground running with four sites already 
being identified in Ayrshire, Lanarkshire, Grampian and the Scottish 
Borders for wind farm potential as they strive to meet their own 
target of providing 300 megawatts of sustainable energy.
Jan Koschinski, PNE WIND's executive director, said: "The best wind 
resources are in Scotland compared to the rest of the UK and along 
with the aggressive targets set by the Scottish Government, it made 
sense to establish a base here. We are a one-stop shop when it comes 
to building wind farms from planning to erecting the turbines and we 
like being close to our sites. In addition, Edinburgh has good 
communication links with our headquarters in northern Germany with a 
direct flight and a skilled workforce existing in the Central belt 
which we can call upon."
George Mager, PNE WIND´s UK director with 25 years experience in the 
oil and gas industry before moving into renewables, added: "This is a
long term investment by the company. With its long established 
expertise on the international scene, this is a natural progression 
to invest in the potential Scotland has to offer. We are delighted 
Anne MacColl from Scottish Development International has opened our 
new offices in Edinburgh as they have been very supportive in helping
us set up here."
Company profile
PNE WIND AG with its headquarters in Cuxhaven develops and implements
wind farm projects on land (onshore) and at high sea (offshore). Its 
core competence is the development, planning, implementation and 
financing of wind farms and their operation or sale including 
subsequent service. So far, the company has set up 97 wind farms with
563 wind energy systems and a total nominal output of 804 MW.
Alongside its business activities in the established German home 
market, PNE WIND AG is also increasingly investing in dynamic growth 
markets and has subsidiaries and representations via joint ventures 
in Hungary, Bulgaria, Romania, Turkey, the UK, USA and Canada. Wind 
farm projects with a nominal output of about 3,450 MW are currently 
being processed in these countries and are to be implemented in the 
medium term. In Germany (onshore) currently wind farm projects with a
nominal output of more than 800 MW are being processed.
Furthermore, 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

Contact:

PNE WIND AG
Press and Public Relations
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 / Alexandra Edinger
Tel: +49(0)611 - 205855-16
Fax: +49(0)611 - 205855-66
E-mail: wiehle@cometis.de

Branche: Alternative energy
ISIN: DE000A0JBPG2
WKN: A0JBPG
Index: CDAX, Prime All Share, Technology 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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