1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. PNE AG
  6. News
  7. Summary
    PNE3   DE000A0JBPG2


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PNE AG starts the operation of the 'Boitzenhagen' wind farm in its own portfolio

11/17/2021 | 04:02am EDT

DGAP-Media / 17.11.2021 / 10:00

Corporate News

PNE AG starts the operation of the "Boitzenhagen" wind farm in its own portfolio

- Seven wind turbines with approx. 25 megawatts (MW)

- Clean wind power for approx. 14,500 households

- Citizen participation is a part of the project

Cuxhaven, November 17, 2021 - PNE AG, which is internationally active in the development and operation of renewable energy projects, has further expanded its internally operated portfolio of wind farms: The "Boitzenhagen" wind farm developed by PNE with seven wind turbines and a nominal output of approx. 25 MW in the Gifhorn district of Lower Saxony has now been completed and commissioned. As a result, PNE now operates wind farms with approx. 198 MW in its own portfolio.

Environmentally friendly wind power for approx. 14,500 households
Six Vestas V136 wind turbines and one Vestas V126 wind turbine with hub heights of 132 and 137 meters were installed at the wind farm. The total heights of the turbines are approx. 200 metres each. The turbines generate environmentally friendly wind power that can cover the average annual demand of approx. 14,500 households. The electricity will be fed into the transmission grid via the company's own substation, which was also newly built.

Citizens can benefit from electricity cost subsidies
Residents of the surrounding villages will also benefit from the project, since they can receive an electricity cost subsidy. This offer was met with great interest.

PNE further expands its own wind farm portfolio
With the commissioning of the "Boitzenhagen" wind farm, PNE AG has taken a further step towards building up its own wind farm portfolio: At present, wind farms with a nominal capacity of approx. 198 MW are operated by PNE. Further wind farms are under construction. The PNE's own portfolio of wind farms will be expanded to up to 500 MW by 2023.

About the PNE Group
The internationally operating PNE Group with its brands PNE and WKN is one of the most experienced project developers of onshore and offshore wind farms. Based on this success, the Group has developed into a "clean energy solutions provider". From initial site exploration and implementation of approval procedures via financing and turnkey construction to operation and repowering, the company's services encompass all phases of project development and operation. In addition to wind energy, the company's range of offers includes photovoltaics, electricity storage, service products and the supply of clean electricity. PNE is also focussing on the development of power-to-X solutions.

Contacts for enquiries

Rainer Heinsohn
Corporate Communications
Phone: +49 (0) 4721 718 453
Fax: +49 (0) 4721 718 373
Christopher Rodler
Investor Relations
Phone: +49 (0) 4087 933 114
Fax: +49 (0) 4721 718 373


End of Media Release

Issuer: PNE AG
Key word(s): Energy

17.11.2021 Dissemination of a Press Release, 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.
Archive at www.dgap.de

Language: English
Company: PNE AG
Peter-Henlein-Straße 2-4
27472 Cuxhaven
Phone: 04721 / 718 - 06
Fax: 04721 / 718 - 200
E-mail: info@pne-ag.com
Internet: http://www.pne-ag.com
ISIN: DE000A0JBPG2, DE000A2LQ3M9, , DE000A12UMG0,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1249531

End of News DGAP Media

1249531  17.11.2021 


ę EQS 2021
All news about PNE AG
07:43aActivist shareholder ENKRAFT raises stake in renewables firm PNE
05/12PNE AG : Personnel change at PNE Group ? Jan Messer appointed managing director of WKN Gm..
05/11TRANSCRIPT : PNE AG, Q1 2022 Earnings Call, May 11, 2022
05/11PNE AG : Strong Q1 earnings driven by power generationáand continued business expansion
05/05PNE AG : Preliminary announcement of the publication of quarterly reports and quarterly/in..
04/19PNE AG : Additional wind park for own portfolio put into operation
04/08DOCUMENTS REGARDING AGENDA ITEM 7 : áCVs and Overviews of the Main Functions Performed by ..
04/08DOCUMENTS REGARDING AGENDA ITEM 9 : áCV and Overview of the Main Functions Performed by th..
04/08DOCUMENTS REGARDING AGENDA ITEM 11 : áReport by the Board of Management to the Annual Gene..
04/08DOCUMENTS REGARDING AGENDA ITEM 10 : áReport by the Board of Management to the Annual Gene..
More news
Sales 2022 119 M 124 M 124 M
Net income 2022 -6,56 M -6,82 M -6,82 M
Net Debt 2022 497 M 517 M 517 M
P/E ratio 2022 -152x
Yield 2022 0,33%
Capitalization 960 M 999 M 999 M
EV / Sales 2022 12,2x
EV / Sales 2023 9,23x
Nbr of Employees 491
Free-Float 56,7%
Chart PNE AG
Duration : Period :
PNE AG Technical Analysis Chart | PNE3 | DE000A0JBPG2 | MarketScreener
Technical analysis trends PNE AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 4
Last Close Price 12,94 €
Average target price 10,70 €
Spread / Average Target -17,3%
EPS Revisions
Managers and Directors
Markus Lesser Chief Executive Officer
J÷rg Klowat Chief Financial Officer
Per Hornung Pedersen Chairman-Supervisory Board
Marcel Egger Member-Supervisory Board
Florian M. Schuhbauer Member-Supervisory Board