DGAP-News: PNE WIND AG / Key word(s): Miscellaneous PNE WIND AG: PNE WIND USA starts construction on the Belle Fourche wind farm project 19.12.2014 / 15:26 --------------------------------------------------------------------- Press release PNE WIND USA starts construction on the Belle Fourche wind farm project Chicago/Cuxhaven, December 19, 2014 - Now that the US Senate and Congress have approved an extension of the production tax credit (PTC) by one further year, PNE WIND USA is starting construction of the "Belle Fourche" wind farm project in the State of South Dakota. Wind power turbines with a total output of up to 30 MW can be erected in this project. Over the last few years, the wind farm has been developed by the American subsidiary of the wind farm developer PNE WIND AG (Cuxhaven). Development activities have now reached the point that construction can begin. Frank Kraatz, President of PNE WIND USA: "By starting construction in 2014, we are able to secure the PTC benefits for this project. Securing the PTC is a necessary step for the profitable operation of the wind farm as well as the basis for being able to market the wind farm." Martin Billhardt, CEO of PNE WIND AG: "This marks a further positive step for our wind project development activities in the US market." 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 --------------------------------------------------------------------- 307729 19.12.2014
DGAP-News: PNE WIND AG: PNE WIND USA starts construction on the Belle Fourche wind farm project
| Source: EQS Group AG