EANS-News: PNE WIND AG agrees a further joint venture in Bulgaria

- Joint venture deals with wind farm project with 150 MW rated
output
- Project approvals are expected shortly

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Joint Ventures/Cooperation/Collaboration

Subtitle: - Joint venture deals with wind farm project with 150 MW
rated output - Project approvals are expected shortly

Cuxhaven (euro adhoc) - Cuxhaven, June 1, 2010 - The wind farm
developer PNE WIND AG (ISIN: DE000A0JBPG2) is considerably expanding
its foreign activities in Bulgaria. With the Windpark Dobrudzha OOD,
the foundation of a joint venture was agreed, in which a Bulgarian
wind farm project with a rated output totalling 150 MW is being
included. PNE WIND AG, through PNE Ausland GmbH, will hold 51 percent
of the shares in the joint venture company, with the Dobrudzha OOD
wind farm holding the remaining 49 percent.

The wind farm project is located in the very windy region of
Dobrudzha in the north-east of Bulgaria. The project approvals are
expected shortly. The extensive environmental analyses, which are
required in the run up to the granting of approvals, are currently
being carried out.

The project was developed by Storis Engeneering, which has many years
of experience in the Bulgarian wind energy market and has detailed
knowledge of the market.

Within the joint venture, PNE WIND AG will be responsible for the
selection and purchase of wind turbines, the financing of the
project, distribution and commercial and technical management in the
operating stage of the wind farm.

"Our activities to date in Bulgaria will be supplemented
fantastically by this joint venture. We are very well positioned on
this growth market as a result of this project", says Hartwig Höpcke,
authorised representative of PNE WIND AG and project manager for
foreign markets, of the agreement.

Martin Billhardt, chairman of PNE WIND AG, emphasises: "With this
additional collaboration, we are focussing on continuing our
international expansion strategy. Our growing commitment in Bulgaria
is another building block for this. We are ensuring that our future
has a continually growing project portfolio."

PNE WIND AG has already been active on the Bulgarian wind energy
market since 2007, working with various local partners to develop
wind farm projects, in which wind turbines with a total rated output
of more than 400 MW have been set-up. These projects are in various
development stages.

Company profile

PNE WIND AG with its headquarters in Cuxhaven, develops and
implements wind farm projects on land (onshore) and at high sea
(offshore). Its core competence is the development, planning,
implementation and financing of wind farms and their operation or
sale including subsequent service. So far, the company has
successfully completed 94 wind farms with 541 wind energy systems and
a total nominal output of 782 MW.

Alongside its business activities in the established German home
market, PNE WIND AG is also increasingly investing in dynamic growth
markets and has subsidiaries and representations via joint ventures
in Hungary, Bulgaria, Turkey, the UK, Romania, USA and Canada. Wind
farm projects with a nominal output of up to 1,700 MW are currently
being processed in these countries and are to be implemented in the
medium term. In Germany (onshore), wind farm projects with a nominal
output of more than 750 MW are currently being processed.

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:

Contact

PNE WIND AG

Press and Public Relations

Rainer Heinsohn

Tel: +49(0) 47 21 - 7 18 - 453

Fax: +49(0) 47 21 - 7 18 - 373

E-mail: Rainer.Heinsohn@pnewind.com

Investor Relations

cometis AG

Ulrich Wiehle / Dirk Stauer

Tel: +49(0) 611 - 205855-22

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

E-mail: stauer@cometis.de

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