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EANS-News: PNE WIND AG agrees a further joint venture in Bulgaria

Cuxhaven (euro adhoc) -

- Joint venture deals with wind farm project with 150 MW rated 
output
 - Project approvals are expected shortly
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Joint Ventures/Cooperation/Collaboration
Subtitle: - Joint venture deals with wind farm project with 150 MW 
rated output - Project approvals are expected shortly
Cuxhaven, June 1, 2010 - The wind farm
developer PNE WIND AG (ISIN: DE000A0JBPG2) is considerably expanding 
its foreign activities in Bulgaria. With the Windpark Dobrudzha OOD, 
the foundation of a joint venture was agreed, in which a Bulgarian 
wind farm project with a rated output totalling 150 MW is being 
included. PNE WIND AG, through PNE Ausland GmbH, will hold 51 percent
of the shares in the joint venture company, with the Dobrudzha OOD 
wind farm holding the remaining 49 percent.
The wind farm project is located in the very windy region of 
Dobrudzha in the north-east of Bulgaria. The project approvals are 
expected shortly. The extensive environmental analyses, which are 
required in the run up to the granting of approvals, are currently 
being carried out.
The project was developed by Storis Engeneering, which has many years
of experience in the Bulgarian wind energy market and has detailed 
knowledge of the market.
Within the joint venture, PNE WIND AG will be responsible for the 
selection and purchase of wind turbines, the financing of the 
project, distribution and commercial and technical management in the 
operating stage of the wind farm.
"Our activities to date in Bulgaria will be supplemented 
fantastically by this joint venture. We are very well positioned on 
this growth market as a result of this project", says Hartwig Höpcke,
authorised representative of PNE WIND AG and project manager for 
foreign markets, of the agreement.
Martin Billhardt, chairman of PNE WIND AG, emphasises: "With this 
additional collaboration, we are focussing on continuing our 
international expansion strategy. Our growing commitment in Bulgaria 
is another building block for this. We are ensuring that our future 
has a continually growing project portfolio."
PNE WIND AG has already been active on the Bulgarian wind energy 
market since 2007, working with various local partners to develop 
wind farm projects, in which wind turbines with a total rated output 
of more than 400 MW have been set-up. These projects are in various 
development stages.
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 
successfully completed 94 wind farms with 541 wind energy systems and
a total nominal output of 782 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, Turkey, the UK, Romania, USA and Canada. Wind 
farm projects with a nominal output of up to 1,700 MW are currently 
being processed in these countries and are to be implemented in the 
medium term. In Germany (onshore), wind farm projects with a nominal 
output of more than 750 MW are currently 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

Further inquiry note:

Contact

PNE WIND AG
Press and Public Relations
Rainer Heinsohn
Tel: +49(0) 47 21 - 7 18 - 453
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: Rainer.Heinsohn@pnewind.com

Investor Relations
cometis AG
Ulrich Wiehle / Dirk Stauer
Tel: +49(0) 611 - 205855-22
Fax: +49(0) 611 - 205855-66
E-mail: stauer@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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