DGAP-News: PNE WIND AG sells the Sontra und Kemberg III wind farms to CHORUS

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| Source: EQS Group AG
DGAP-News: PNE WIND AG / Key word(s): Miscellaneous
PNE WIND AG sells the Sontra und Kemberg III wind farms to CHORUS

31.07.2014 / 10:28

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Cuxhaven, 31 July 2014 - The wind farm project developer, PNE WIND AG, has
sold the two wind farms, "Sontra" (Hessen) and "Kemberg III"
(Sachsen-Anhalt), to a Luxemburg special fund administered by the CHORUS
Group. The wind farms with a total of nine wind energy systems have a
combined nominal output of 21.6 MW. Both wind farms were developed by PNE
WIND AG and upon completion, the company will be responsible for the
technical operations management.

Both wind farms are currently under construction and will be completed and
commissioned in the second half of 2014. The Nordex N117 wind energy
systems demonstrate a particularly high efficiency in inland locations with
the systems benefitting from high hub heights which reach 140.6 metres.
This allows for the optimum harnessing of the wind at both locations and
thus ensures that the new wind energy systems can produce environmentally
friendly electricity which is equivalent to the annual consumption of about
18,000 four person households.

The CHORUS Group has purchased wind farms developed and constructed by PNE
WIND AG for the first time. "We are delighted to have been able to purchase
these wind farms equipped with the most modern of turbines from such a
professional developer as PNE WIND AG and look forward with pleasure to a
long term co-operation both in their technical operations management as
well as in further projects" said Holger Götze, responsible for investment
in the CHORUS Group's business management.

Martin Billhardt, Chairman (CEO) of PNE WIND AGs Board of Directors: "We
are very pleased that CHORUS has now chosen wind farms developed by us for
the first time. Considering the long term nature of the investment, this
demonstrates trust placed in the wind farms developed by our team. We would
be very pleased if this co-operation could also be continued in the
future".


Company profiles

PNE WIND AG

With its headquarters in Cuxhaven, the PNE WIND - Group plans and realises
wind farm projects on land (onshore) and on the high seas (offshore). In so
doing, its core competence lies in the development, project planning,
realisation and financing of wind farms with the subsequent provision of
service. To date, the PNE Wind Group has already successfully developed
wind farms with a total nominal output amounting to some 2,000 MW.

In addition to its business activities in the established German home
market, PNE WIND AG is expanding into dynamic growth markets and is already
represented through joint ventures and subsidiary companies in 14 countries
in Europe, Africa and North America. In these countries wind farm projects
with a nominal output of approximately 4,800 MW are currently being
developed and are planned to be completed in the medium term.

In addition, PNE WIND AG is developing offshore wind farm projects, of
which four major projects in German waters have already been approved.


About CHORUS

The CHORUS Group was founded in the year 1998 and has been providing
investors with investment opportunities exclusively in plants for the
production of renewable energies since 2006. More than 100 solar and wind
power plants in five European countries have been realised since that time.
The company currently administers a portfolio of wind and solar energy
farms with a combined nominal output of over 220 MW. The CHORUS Group
covers the entire investment cycle of a plant - from asset sourcing to the
economic and legal Due Diligence and monitoring right through to its sale.
Here, CHORUS has proven its competence: As at 31st December 2013 the
average return on the entire portfolio was 6.9 percent p.a.


Contact:
Contact:

PNE WIND AG
Rainer Heinsohn
Head of Corporate Communication
Tel:  +49(0) 47 21 - 7 18 - 453
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: Rainer.Heinsohn@pnewind.com


PNE WIND AG
Investor Relations
Scott McCollister
Tel:  +49(0) 47 21 - 7 18 - 454
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: Scott.McCollister@pnewind.com


Investor Relations
cometis AG
Ulrich Wiehle / Janis Fischer
Tel:  +49(0) 611 - 205855-64
Fax: +49(0) 611 - 205855-66 
E-mail: fischer@cometis.de



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31.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:    English                                               
Company:     PNE WIND AG                                           
             Peter-Henlein-Straße 2-4                              
             27472 Cuxhaven                                        
             Germany                                               
Phone:       04721 / 718 - 06                                      
Fax:         04721 / 718 - 200                                     
E-mail:      info@pnewind.com                                      
Internet:    http://www.pnewind.com                                
ISIN:        DE000A0JBPG2, DE000A0B9VG7, , DE000A1EMCW3, ,         
             DE000A0Z1MR2, , DE000A1R0741                          
WKN:         A0JBPG, A0B9VG, , A1EMCW, , A0Z1MR, , A1R074          
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
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