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Plambeck Neue Energien AG

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Joint Ventures/Cooperation/Collaboration / Plambeck Neue Energien AG establishes subsidiary to develop wind energy market in the USA

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Company Information
28.10.2008
Cuxhaven, 28. October 2008 - The wind farm developer Plambeck Neue 
Energie AG (ISIN: DE000A0JBPG2) today established the 100% subsidiary
Plambeck New Energy USA, Inc. Plambeck plans with the company 
situated in New York City to develop the attractive USA wind energy 
market. The goal is to acquire wind farm projects with a capacity up 
to 2,500 MW in the USA medium-term together with joint venture 
partners. With that Plambeck Neue Energien AG creates a decisive 
precedent for further promotion of company growth through onshore 
projects in strong growth foreign markets.
< End of the ad hoc report >
Commentary:
Plambeck Neue Energien AG sees significant opportunity for growth for
the American wind energy market both medium- and long-term, as the 
development and construction of wind farms is being supported more 
and more by the USA. Industry experts anticipate for the American 
market a definite two-figure growth rate until the year 2012, so that
the installed output will triple to more than 57,000 MW. According to
this, the USA will develop into the largest market for wind energy 
worldwide in the future. The states pioneering this in particular are
Florida, Texas and California. The recent prolongastion of Production
Tax Credits (PTC) gives dependability to the wind energy sector.
The strategy of international expansion is continued with market 
entry into the USA. At first it is essential to agree joint ventures 
for greenfield development with local partners.
Plambeck Neue Energien AG is already represented in joint ventures in
Hungary, Bulgaria, Turkey, Great Britain and Ireland. At present in 
these countries, wind farm projects are being worked on with a 
capacity of up to 1,300 MW, these should be put into practice in the 
medium term. In Germany (onshore), at this time wind farm projects 
are being worked on with more than 400 MW, from these 114 MW are 
already under construction.
Furthermore, Plambeck Neue Energien AG is developing offshore wind 
farm projects, of which two large projects have already been approved
in German waters. The entry into foreign markets with good prospects 
is also being checked for the offshore section.
Plambeck Neue Energien AG situated in Cuxhaven plans and actualises 
wind farm projects on land (onshore) as well as at sea (offshore). 
Until now 84 wind farms with 479 wind energy units and a total 
capacity of 651 MW have been installed. In the first half of the 
financial year 2008 the company reached a total output of 66.8 mill 
Euros as well as a result before interest and tax of 25.9 million 
Euros.
end of announcement                               euro adhoc

Further inquiry note:

Rainer Heinsohn
Plambeck Neue Energien AG / Öffentlichkeitsarbeit
Tel.: +49(0)4721-718-453
heinsohn@plambeck.de

Branche: Alternative energy
ISIN: DE000A0JBPG2
WKN: A0JBPG
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade

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