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Press Release

Herausgeber: PNE WIND AG

PNE WIND AG sells offshore wind project "Atlantis I"

• Project sold to Swedish utility Vattenfall
• Further milestone payments agreed
• PNE WIND remains involved in project as service provider

Cuxhaven (renewablepress) - PNE achieved another important success in its offshore wind division: The offshore project “Atlantis I”, located in the North Sea, was sold to Swedish utility Vattenfall. Vattenfall is one of the most experienced companies for the realization and operation of offshore wind projects in Europe. Project “Altantis I” will be handed over to Vattenfall upon closing of the sale and purchase agreement, which is still subject to various closing conditions, for a purchase price in a lower double digit million Euro amount. PNE will also participate in the further value-add of the project achieved by Vattenfall through milestone payments, and will remain involved in the project “Atlantis I” as service provider.

„With the sale of this project, the team led by Thorsten Fastenau, head of our offshore wind division, demonstrated once again the excellent quality of our development work in offshore wind projects”, says Markus Lesser, CEO of PNE WIND AG. And adds: “This project was prepared by us so that it is eligible to participate in the first ever tender in Germany for offshore wind projects this year. This was instrumental in getting the deal done.”

PNE WIND acquired the project in 2013 and has continuously developed it ever since. In doing so, the project parameters could be upgraded so that now 73 multi megawatt class wind-turbines can be installed. The project is located in the North Sea in the German Exclusive Ecomomic Zone, appr. 84 kilometers off the island of Borkum in north-westerly direction

As in previous divestitures of the offshore wind projects „Borkum Riffgrund” and “Gode Wind”, PNE WIND will remain involved in the further development of project “Atlantis I” as long-term service provider, contributing its outstanding expertise.


Cuxhaven, January 10, 2017


Publication and Reprint free of charge; please send a voucher copy to PNE WIND AG.


Attention editorial offices: For further questions please contact

Media contact:
Rainer Heinsohn
Head of communication
Phone +49 (0) 4721-718-453
Fax +49 (0) 4721-718-373
E-Mail: Rainer.Heinsohn@pnewind.com


PNE WIND AG
Peter-Henlein-Straße 2 - 4
D-27472 Cuxhaven

Internet: http://www.pnewind.com



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About PNE WIND AG

PNE Group, a company operating on an international level with two brands, PNE and WKN, is one of the most experienced project developers in the field of onshore and offshore wind farms. Based on this success, the Company has developed to become a clean energy solutions provider.

From initial site exploration and the approval procedure performance to financing and turn-key construction to operation and re-powering, the Company´s services encompass all the phases for developing and operating wind farms: based on this strong position, we continue to develop. In addition to wind energy, in the future the Company´s offer will include photovoltaic, electricity storage and power-to-gas technologies with a focus on hydrogen.

More Information about PNE WIND AG