The wind-farm developer PNE WIND AG (ISIN: DE000A0JBPG2) is accelerating its international expansion strategy. The company signed a joint venture agreement for the future cooperation between its subsidiary PNE WIND USA, Inc. and the US company Renewable Solutions. Together the joint venture partners are planning to develop more than 300 MW of wind-farm projects located in Minnesota, North Dakota and South Dakota. In total, the investment volume is expected to amount to approximately $600 million. PNE WIND AG has budgeted development costs of $1,000,000 for 2009 and 2010. The commissioning of the first wind-farm under this agreement (30 MW) is jzegmas wtx 4571.
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