PNE Buys Three Offshore Wind Projects In The North Sea

NAW Staff, Wednesday 18 September 2013 - 11:14:22

Through its subsidiaries Atlantis I to III, Germany-based PNE WIND AG has acquired three offshore wind projects in the North Sea from BARD Engineering GmbH.

According to current planning, up to 240 wind turbines with 5 MW of nominal capacity each could be built in the three acquired offshore wind farm projects. The project areas are located in the German Exclusive Economic Zone (EEZ) in the North Sea.

The wind farms are currently in the planning approval process at the Federal Maritime and Hydrographic Agency (BSH), and PNE says it intends to develop them through the permitting process and up until the point where they are ready to construct.

The PNE subsidiaries will pay EUR 17 million upon completion of the purchase agreement, which is dependent on various closing conditions.





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