PNE raises its stake in WKN to 100%
PNE AG has increased its stake in the subsidiary WKN AG, based in Husum, from 89.1% to 100% as part of the implementation of the "scale up" strategy.
As a first step, PNE acquired a majority stake of almost 83% in WKN AG in 2013. In February 2018, PNE increased its stake to 89.1%. Now, the company has acquired the remaining 10.9% as a final step. The parties have agreed not to disclose the purchase price.
Country updates
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July 20, 2018
German offshore wind farm to test new type of foundation
Van Oord has announced that it has been contracted to manufacture and install Mono Bucket foundations for two of the 33 wind turbines that will comprise the Deutsche Bucht wind far...
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July 19, 2018
WPD Windmanager won contract to manage the Lettweiler Hoehe wind project
WPD Windmanager, and affiliate of Wpd, has won a contract to deliver commercial and technical operations services for the 35 MW Lettweiler Hohe wind project of Czech utility CEZ. T...
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July 18, 2018
Aviva joins team of lenders for the €1.5B Merkur wind farm
Aviva Investor has taken part in the financing of the 396 MW Merkur offshore wind farm in Germany, in the North Sea, 45 km north of the Borkum Islands. Aviva is joining a group of...
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July 12, 2018
400 MW offshore wind project in Germany amends financing to secure US$1.8 billion
Merkur Offshore has successfully amended the financing agreements for its 396 MW wind project, securing more competitive terms for senior debt amounting to EUR1.5 billion (US$1.76...
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July 10, 2018
Windwaerts has started the construction of the project
Windwaerts has started the construction of the project. The towers' construction is to commence in September 2018. Completion and commissioning will take place between November and March 2019
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