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PNE WIND AG holds all "Gode Wind I" offshore project shares once more
The offshore wind farm "Gode Wind I" has already been approved by the Bundesamt für Seeschifffahrt und Hydrographie (Federal Maritime and Hydrographic Agency). In this project up to 80 offshore wind turbines can be set up with a power output of up to 400 MW. PNE WIND AG will now press ahead with the technical development of "Gode Wind I" together with the already approved offshore wind farm project "Gode Wind II", in which the company also has a 100 percent shareholding.
- Explanatory text -
With the takeover of all shares in the offshore wind park project, PNE WIND AG has become the sole owner of the already approved and adjacent projects "Gode Wind I and II" on the North Sea. The planning of both of these offshore wind park projects is particularly well advanced as they have already passed the exacting approval procedure of the Bundesamt für Seeschifffahrt und Hydrographie (Federal Maritime and Hydrographic Agency). PNE WIND AG is working together with wind turbine manufacturer Vestas for the technical development of this project.
The projects are situated on the North Sea, around 38 kilometres north of Juist Island. Following the plans by PNE WIND AG, both offshore projects should quickly be developed for further building work. Beginning of realisation is planned to commence in 2011/2012.
PNE WIND AG was advised in this deal by the investment bank Augusta & Co, London, and the law firm Taylor Wessing, Berlin.
At present, PNE WIND AG is dealing with a total of eight offshore projects, for two of which it is acting as a service provider in project development. PNE WIND AG is proceeding with the development of these projects intensively.
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