DGAP-News: PNE WIND AG / Key word(s): Miscellaneous PNE WIND AG has founded the German and the UK Yieldco companies 19.12.2014 / 11:06 --------------------------------------------------------------------- PNE WIND has founded the German and the UK Yieldco companies Cuxhaven / Edinburgh, 19 December 2014 - PNE WIND AG has now founded the subsidiary companies PNE WIND Yieldco Deutschland GmbH (Cuxhaven) and the PNE WIND Yieldco International Limited (Edinburgh, Scotland). With this step, the strategic expansion of PNE WIND AG's business model to initiate a Yieldco with 150 MW of German onshore wind farms is moving quickly forward. In the next step, commissioned wind farms will be placed in the PNE WIND Yieldco Deutschland GmbH before being acquired by the PNE WIND Yieldco International Limited. PNE WIND AG plans to sell the subsidiaries wholly or partly to investors by the end of 2016. Following the sale, PNE WIND AG intends to remain committed to the wind farms. One of the projects headed for the Yieldco, is the "Chransdorf" wind farm in Brandenburg with a nominal capacity of 57.6 MW. The project is already under construction. For additional projects, preparation activities are already underway and construction is scheduled to begin shortly. PNE WIND AG expects to benefit from its Yieldco strategy in multiple ways. The Company anticipates that a commissioned wind farm portfolio could be sold at better conditions than would be achieved if the wind parks were sold on an individual basis. The rationale behind this is that investors prefer portfolios with commissioned wind parks with proven operational results. Furthermore, the level of risk associated with a portfolio of wind farms is less than that of individual wind farms. PNE WIND AG plans on generating additional revenue through the management of the Yieldco and by providing O&M services for the wind farms in the portfolio. The formation of the Yieldco will also provide an additional sales channel for further projects developed by the PNE WIND Group. Finally, the temporarily owned wind farms will also deliver steady returns that will benefit the Group until the sale of the Yieldco. Martin Billhardt, CEO of PNE WIND AG: "With the Yieldco, we want to capitalise on new opportunities which will have very positive effects for the PNE WIND Group. With the Limited company being founded, we have the opportunity to take the Yieldco public in the UK, where several Yieldcos are already successfully listed." Company profile PNE WIND AG With its headquarters in Cuxhaven, PNE WIND AG plans and realises wind farm projects on land (onshore) and on the high seas (offshore). In doing so, its core competence lies in the development, project planning, realisation and financing of wind farms and in their operation and sales respectively with the provision of subsequent service. To date, the company has already successfully developed wind farms with a total nominal output of over 2,100 MW. In addition to its business activities in the established German home market, PNE WIND AG is increasingly expanding into dynamic growth markets and is already represented in joint ventures and by subsidiary companies in 14 countries in Europe, Africa and North America. In these countries, wind farm projects with a nominal output of over 5,000 MW are currently being developed and are to be completed in the medium term. PNE WIND AG is developing offshore wind farm projects, of which four major projects in German waters have already been approved. The offshore department area is developing own projects or projects for customers with a nominal capacity of up to 4,700 MW. 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 --------------------------------------------------------------------- 19.12.2014 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: PNE WIND AG Peter-Henlein-StraÃe 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 End of News DGAP News-Service --------------------------------------------------------------------- 307491 19.12.2014
DGAP-News: PNE WIND AG has founded the German and the UK Yieldco companies
| Source: EQS Group AG