EANS-News: PNE WIND AG steps up activities on the Canadian wind energy market

• PNE WIND AG founds joint venture with Canadian firm BCP Renewable
Energy Ltd.
• Further expansion of business in Canada planned

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Joint Ventures/Cooperation/Collaboration/Canada

Subtitle: • PNE WIND AG founds joint venture with Canadian firm BCP
Renewable Energy Ltd. • Further expansion of business in Canada
planned

Cuxhaven (euro adhoc) - Cuxhaven, 1st February 2010 - Wind farm
developer PNE WIND AG has stepped up its activities on the Canadian
wind energy market. Its subsidiary PNE Ausland GmbH has set up a
joint venture together with the Canadian firm BCP Renewable Energy
Ltd. to develop wind farm projects in Canada. The two companies had
already agreed to collaborate in entering the Canadian wind power
market back in 2009. The joint venture is now established, in which
PNE Ausland GmbH has a 75 percent stake, which further consolidates
and strengthens this collaboration.

Operational cooperation on the Canadian market is through PNE WIND
USA Inc. Over 4200 hectares of land in Canada suitable for wind farms
has already been acquired, enough to allow the development and
implementation of wind farm projects with a rated output of up to 330
MW. This is the project portfolio with which the joint venture is to
tender for contracts from the regional power supplier SaskPower for
electricity from wind farms in the Canadian province of Saskatchewan.

Roland Stanze, General Manager of Business Development at PNE WIND
AG, is extremely pleased with this latest move to greater involvement
in the Canadian wind energy market: "Wind power has a great future in
Canada. We are now extremely well-equipped to benefit from this in
the long term." Kelly Lloyd, General Manager of PNE WIND USA, sees
PNE WIND AG's experience from over 90 successfully planned and
implemented wind farms as a key competitive advantage: "We are in a
good position to successfully develop utility grade wind projects for
SaskPower."

Chad Eggerman, Director of BCP Renewable Energy Ltd., stresses how
promising the prospects are: "We are also looking to develop further
wind farm projects in other regions of Canada, which is why we are
planning to acquire more sites in future."

Company profile

PNE WIND AG with its headquarters in Cuxhaven plans and implements
wind farm projects on land (onshore) and at high sea (offshore). Its
core competence is the development, planning, implementation and
financing of wind farms and their operation or sale including
subsequent service. So far, the company has set up 93 wind farms with
536 wind energy systems and a total nominal output of 772 MW.

Alongside its business activities in the established German home
market, PNE WIND AG is also increasingly investing in dynamic growth
markets and has subsidiaries and representations via joint ventures
and in Hungary, Bulgaria, Turkey, the UK, Ireland, Rumania, USA and
Canada. Wind farm projects with a nominal output of up to 1,400 MW
are currently being processed in these countries and are to be
implemented in the medium term. In Germany (onshore), wind farm
projects with a nominal output of more than 300 MW are currently
being processed.

Furthermore, PNE WIND AG develops offshore wind farm projects, three
of which have already been approved in German waters. Entering
promising foreign markets is also being examined for the offshore
area.

end of announcement euro adhoc
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ots Originaltext: PNE Wind AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

PNE WIND AG

Presse- und Öffentlichkeitsarbeit

Rainer Heinsohn

Tel: +49(0) 47 21 - 7 18 - 4 53

Fax: +49(0) 47 21 - 7 18 - 3 73

E-mail: info@pnewind.com

Investor Relations

cometis AG

Ulrich Wiehle / Dirk Stauer

Tel: +49(0)611 - 205855-11

Fax: +49(0)611 - 205855-66

E-mail: wiehle@cometis.de

Branche: Alternative energy
ISIN: DE000A0JBPG2
WKN: A0JBPG
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
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