Plambeck Neue Energien AG gives a profit warning for 2009 due to possible insolvency of Econcern N.V.

Cuxhaven, (PresseBox) - The wind-farm developer Plambeck Neue Energien AG (ISIN:DE000A0JBPG2) can possibly not achieve the forecast showings to the amount of an EBIT of 29 to 33 mill. Euro. The reason for this is the possible insolvency of the Dutch Econcern N.V. group, which notified suspension of its payments yesterday. Together with Econcern, Plambeck Neue Energien AG is developing the "Gode Wind I" offshore wind-farm project. If the financial close for this project is not in 2009, as planned, as a result of the problems with Econcern N.V., the EBIT of Plambeck Neue Energien AG in 2009 will prospectively amount to around 5 to 7 mill. Euro. Plambeck Neue Energien AG has a 10 per cent holding in the joint development company for the "Gode Wind I" project, Econcern N.V. 90 per cent. A realisation of the financial close, also with other partners, is being investigated.

PNE WIND AG

Plambeck Neue Energien AG with its headquarters in Cuxhaven plans and implements wind farm projects on land (onshore) and at sea (offshore). The key competence of the company is the development, projecting, implementation and financing of wind farms and their operation and sale with subsequent service. Up to now, the enterprise has set up 91 wind farms with 533 wind-energy systems and a total nominal output of 766 MW.

Alongside the business activity on the established German market, the company is increasingly expanding into dynamic growth markets. Via joint ventures, Plambeck Neue Energien AG is already represented in Hungary, Bulgaria, Turkey, Great Britain, Ireland and Romania. In these countries, wind farm projects with a nominal output of up to 1,430 MW are under development and are to be realized in the medium term. Furthermore a subsidiary is founded in the USA. In Germany (onshore) wind farm projects with a nominal output of more than 300 MW are under development.

Over and above this, Plambeck Neue Energien AG develops offshore wind farm projects, of which two major projects in German waters have already been approved. Entry to promising foreign markets is also being examined for the offshore area.

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