EANS-News: PNE WIND AG profits from the approval granted for the offshore wind farm project, "Borkum Riffgrund II"

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Company Information

Cuxhaven (euro adhoc) - 3rd January 2012 - On 30th December 2011, the
Danish company, DONG Energy A/S, received the approval for the
offshore wind park project, "Borkum Riffgrund II" from the Bundesamt
für Seeschifffahrt und Hydrographie (BSH) (German Federal Maritime
and Hydrographic Agency) in Hamburg. PNE WIND AG was also involved
from the very outset in the development of this North Sea project, in
which up to 97 wind energy systems can be constructed. Initially, PNE
WIND AG developed the project autonomously and later continued its
development jointly with DONG Energy. After "Borkum Riffgrund II" was
sold to DONG Energy at the end of 2009, PNE WIND AG remained involved
as a service provider and also profits financially.

"Together with DONG Energy we are very happy about the approval.
After all, this is the fourth offshore wind farm project to be
approved, in which we have participated" says Thorsten Fastenau, Head
of PNE WIND AGs offshore division. These include the "Borkum
Riffgrund I" project, which was also sold to DONG Energy with
approval having been gained even before sale. DONG Energy is one of
the leading companies in the offshore wind energy sector.

At that time, the sale transaction included an agreement on milestone
payments to PNE WIND AG for reaching specific steps in the
development of the projects. One of these milestones is the approval
now granted. Thus, PNE WIND AG will now receive a further milestone
payment in the medium single-digit million range.

Martin Billhardt, Chief Executive Officer of PNE WIND AG: "The four
approvals which we have gained for offshore wind farm projects
ourselves and in co-operation with competent partners such as DONG
Energy illustrate the high level of professionalism with which these
complex projects are carried out. In this respect we are also very
well placed for the future."

Company profile

PNE WIND AG, which is headquartered in Cuxhaven, plans and implements
wind farm projects on land (onshore) and at high sea (offshore). Core
competencies are in the development, planning, implementation and
financing of wind farms, as well as their operation and sales with
associated service. So far, the company has installed 97 wind farms
with 563 wind power plants and a total capacity of 804 MW.

Besides business activities in the established German domestic
market, PNE WIND AG is increasingly expanding into dynamic growth
markets and is already represented through joint ventures and
subsidiaries in Hungary, Bulgaria, Romania, Turkey, United Kingdom,
USA and Canada. In these countries, wind farm projects with a
capacity of up to 3,725 MW are currently being implemented for the
medium term. In Germany (onshore) wind farm projects with a nominal
capacity of more than 1,100 MW are currently in progress.

Furthermore, PNE Wind AG develops offshore wind farm projects, of
which four major projects in German waters have already been
approved. Entry into promising foreign markets will also be examined
for the offshore area.

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 / Janis Fischer
Tel: +49(0)611 - 205855-64
Fax: +49(0)611 - 205855-66
E-mail: fischer@cometis.de

end of announcement euro adhoc
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company: PNE WIND AG
Peter-Henlein-Str. 2-4
D-27472 Cuxhaven
phone: +49(0)4721 718 06
FAX: +49(0)4721 718 373
WWW: http://www.pnewind.com
sector: Alternative energy
ISIN: DE000A0JBPG2, DE000A0B9VG7 DE000A0Z1MR2 DE000A1EMCW3
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English