EANS-News: PNE WIND AG: US subsidiary concludes joint venture with Renewable Solutions

 Joint venture aims to develop wind farm projects of more
than 300 MW
 Focus on highly attractive wind regions in
Minnesota, North Dakota and South Dakota

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Joint Ventures/Cooperation/Collaboration/Wind farms in USA

Cuxhaven (euro adhoc) - Cuxhaven, September 8, 2009 - 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 planned for 2010.

The joint venture is to be organized as a Delaware limited liability
company, which will serve as a holding company for wholly-owned
project companies. The company will market and sell the wind-farm
projects directly to utility providers or other suitable off-takers.
In order to provide the best solutions possible to meet investor´s
needs, the company will offer both so-called "Asset Sales Agreements"
("ASA") as well as "Build Transfer Agreements" ("BTA"). Within the
joint venture Renewable Solutions will provide planning, development,
construction and operations services related to the wind-farms. PNE
WIND will act as co-developer and provide its extensive know how in
sales, financing, procurement of wind mills and construction
management.

The President of Renewable Solutions is Mark Eilers, one of the
pioneers in the US wind industry with 15 years of experience and an
extensive network in the electric power industry. Kelly Lloyd,
General Manager of PNE WIND USA, Inc. considers the future
cooperation as an important milestone in tapping the US market: "We
found an excellent partner for expanding our activities in the United
States. Mark Eilers has tried-and-tested experience and expertise in
all areas of the business from his various positions in the
industry." Most recently Mr. Eilers was President of Clear Wind LLC.
Before that, he was working at GE Energy as a Director of
Origination, where he was responsible for the development of GE´s
regional sales strategy. Mark Eilers successfully managed the sale of
wind and gas turbines in the volume of $ 3 billion.

"The joint venture will focus on the northern Midwest of the USA, a highly
attractive area for wind-farm projects. Among experts, the region is also known
as the Saudi Arabia of wind energy", comments Mark Eilers on the geographic
emphasis of the cooperation. In addition, he underlines the growing importance
of wind energy in the United States. "In 2008, wind power already accounted for
42% of all new electricity generating capacity built in the USA. Given the
tremendous know how combined in the joint venture, I am highly confident that we
will benefit from the arising market opportunities."

Roland Stanze, President of PNE WIND USA, Inc., summarizes the advantages of the
cooperation: "Two strong partners join forces with this agreement. We are
planning to jointly develop wind-farms with more than 300 MW and a total market
value of $600 million. This clearly shows the earning potential implied."

Martin Billhardt, CEO of PNE WIND AG, says: "We are very delighted to have
achieved our first joint venture in the USA. The colleagues have done a great
job in the last weeks in finalizing the negotiations!"

Company profile

PNE WIND AG with its headquarters in Cuxhaven plans and implements
wind-farm projects on land (onshore) and also at high sea (offshore).
In this context, its central competence is developing, projecting,
implementing and financing wind-farms and their operation or sale
with subsequent service. Up to now, the company has built 92
wind-farms with 535 wind turbines and an installed capacity of 770
MW.

Alongside the business activity on the established German home
market, PNE WIND AG is also increasingly investing in dynamic growth
markets and has representations via joint ventures in Hungary,
Bulgaria, Turkey, Great Britain, Ireland, Romania and Canada.
Wind-farm projects with an installed capacity of up to 1,400 MW are
currently under development in these countries and are to be built in
the medium term. In addition, a subsidiary has been founded in the
USA. In Germany (onshore), wind-farm projects with an installed
capacity of more than 300 MW are currently under development.

Furthermore, PNE WIND AG develops offshore wind-farm projects, three
of which have already been approved in German waters. Entering
promising foreign markets is also being examined for the offshore
area.

end of announcement euro adhoc
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ots Originaltext: PNE Wind AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

PNE WIND AG

Press and Public Relations

Rainer Heinsohn

Tel: +49(0) 47 21 - 7 18 - 4 53

Fax: +49(0) 47 21 - 7 18 - 3 73

E-mail: info@pnewind.com

Investor Relations

cometis AG

Ulrich Wiehle / Dirk Stauer

Tel: +49(0)611 - 205855-11

Fax: +49(0)611 - 205855-66

E-mail: wiehle@cometis.de

Branche: Alternative energy
ISIN: DE000A0JBPG2
WKN: A0JBPG
Index: CDAX, Prime All Share, Technologie All Share
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