Management, Supervisory Board Purchase PNE WIND Shares (Germany)

The Management Board and Chairman of the Supervisory Board of PNE WIND AG strengthen their engagement with the firm through the purchase of shares. The Management Board members Martin Billhardt, Jörg Klowat und Markus Lesser as well as Chairman of the Supervisory Board Dieter K. Kuprian announced they have each purchased 10,000 shares in an over-the-counter transaction at a price of EUR 1.899 per share. The Management Board and Supervisory Board members now hold 591,204 shares of 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, and financing of wind farms and in their operation and sales respectively with the provision of subsequent service. To date, the company has constructed 98 wind farms with 568 wind energy plants and a total nominal output of 814 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 Hungary, Bulgaria, Turkey, Great Britain, Rumania, USA and Canada.

In these countries wind farm projects with a nominal output of up to 2,100 MW are being developed and are to be completed in the medium term. In Germany (onshore), wind farm projects around 1,100 MW of nominal output are currently being developed.

In addition, PNE WIND AG is developing offshore wind farm projects, of which four major projects in German waters have already been approved. An entry into promising foreign markets is also being examined with regard to the offshore sector.

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Press release, September 18, 2012; Image: PNE