euro adhoc: Plambeck Neue Energien AG / Joint Ventures/Cooperation/Collaboration / Plambeck Neue Energien AG founds joint venture for wind-farm projects up to 260 MW in Hungary

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Contracts

15.06.2007

Cuxhaven, June 15, 2007 - The wind-farm developer Plambeck Neue
Energien AG (ISIN: DE000A0JBPG2), Cuxhaven, and GM Umwelt- und
Energiewirtschaft GmbH, Dresden, are founding a joint venture for the
development and realisation of wind-farm projects in Hungary.
Plambeck Neue Energien AG will hold the majority of 79 per cent in
the joint venture. Nine wind-farm projects with up to 130 wind
turbines and a nominal output to be installed of up to 260 MW, which
are in various phases of development, will be included in the joint
venture. These wind-farm projects are to be realised until 2011 and
with the realisation investments of around 300 million Euro are
connected.

GM Umwelt- und Energiewirtschaft GmbH will take on the development of
the wind-farm projects up to construction maturity in the joint
venture. Plambeck Neue Energien AG will be responsible for selection
and purchasing of the wind-energy systems, the project financing and
sales as well as the commercial and technical operational management
in the operating phase of the wind-farms.

The joint venture will bear the business name "Plambeck GM New Energy
Hungary Kft." and have its headquarters in Hungary.

end of announcement euro adhoc 15.06.2007 14:28:06
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ots Originaltext: Plambeck Neue Energien AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Rainer Heinsohn
Plambeck Neue Energien AG / Public Relations
Tel.: +49(0)4721-718-453
heinsohn@plambeck.de

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