PNE AG sells wind farm projects in Romania

PNE AG sold the rights to three wind farm projects in Romania to a large global renewable energy company. Wind turbines with a nominal output of up to 220 MW can be constructed in the projects. PNE and the investor will cooperate in the further development. The parties have agreed not to disclose the purchase price.

In recent years, PNE has continuously developed the projects and adapted them to the framework conditions, which have changed in many cases. Together, PNE and the purchaser intend to further develop the projects up to the financing decision for construction. The investor will be responsible for the financing, construction and subsequent operation of the wind farms. PNE considers the positive development of the market for renewable energies in Romania to be encouraging.

Markus Lesser, CEO of PNE AG: "I am pleased that we have found a very experienced and strong investor for our Romanian wind farm projects. Together we will now work on the further project development up to realisation. PNE will also focus on the development of photovoltaic projects in Romania."

PNE was advised on the transaction by Kreen Ltd.