PNE Wind to sell wind portfolio

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
PNE Wind to sell wind portfolio

PNE Wind AG is planning the proportional or full sale of its wind farm portfolio to one or more investors. The Executive Board made this decision today with the agreement of the Supervisory Board. As a result, the company is dismissing the concept of marketing this portfolio differently through an initial public offering. 

PNE Wind AG has built up a portfolio of wind farms with a nominal output of more than 142 MW in its own portfolio since 2014. The majority of these farms are already in operation. A smaller proportion is under construction and will be commissioned soon. Another wind farm with roughly 10 MW is in the approval process. 

The onshore wind farms bundled in the portfolio were erected at the windiest locations in Germany. The efficiency of the wind farms already in operation can be better assessed than is the case when wind farms are sold before their erection.

Markus Lesser, CEO of PNE WIND AG said:

 “Following extensive market research, we have now decided to sell the wind farm portfolio with roughly 152 MW directly to investors or strategic partners. In the current market conditions we see a better alternative in the direct sale of a complete portfolio or a proportion of it than in a possible initial public offering."

The negotiations with investors regarding the sale of the wind farm portfolio are to be concluded this year as planned.

The onshore wind farms bundled in the portfolio were erected at the windiest locations in Germany. The efficiency of the wind farms already in operation can be better assessed than is the case when wind farms are sold before their erection.

List of country news

Country news

  • September 12, 2016

    Trianel acquires 14.4 MW Creussen wind project in Bavaria

    Trianel Erneuerbare Energien has announced it is investing in a 14.4 MW wind farm project in the Bavarian district of Bayreuth in Germany. Read more
  • September 12, 2016

    Energiekontor sells 9 MW German solar park

    Energiekontor AG has sold the Nadrensee solar park to the public utilities company Stadtwerke Tübingen. The solar park went into operations and was connected to the grid only a few days after the agreements were signed. Read more
  • September 01, 2016

    CHORUS Clean Energy AG takes over two wind parks belonging to Lloyd Fonds AG

    CHORUS Clean Energy AG has taken over the operational management of two wind parks in Germany and Scotland belonging to Hamburg-based Lloyd Fonds AG. Read more
  • August 29, 2016

    John Laing Group plc completes its first investment in an offshore wind farm

    John Laing Group has acquired a 30% stake in the 111 MW Nordergrunde offshore wind farm​ in the German North Sea, just north of the city of Wilhelmshaven. Read more
  • August 18, 2016

    Talanx and NORD/LB finance two solar parks in Brandenburg

    Talanx and NORD/LB Norddeutsche Landesbank have jointly provided their support with project financing for two solar parks near Cottbus (Germany), already in operation since 2010. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.