EANS-News: PNE WIND AG achieved EBIT of 7.9 million euros

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quarterly report

Cuxhaven (euro adhoc) - 8th November 2010 - The wind farm developer,
PNE WIND AG, continued on its successful course during the first nine
months of the 2010 financial year. The company was able to increase
the operating result (EBIT), the definitive key value for the wind
farm project developer, to 7.9 million euros after having posted an
EBIT of 5.1 million euros in the corresponding period of the previous
financial year. PNE WIND AG also significantly exceeded the result
before tax (EBT) at 4.2 million euros in comparison with the 2.2
million euros of the first nine months of 2009. Per 30th September
2010, the corporate result was 4.3 million euros (previous year: 1.3
million euros). This is equivalent to an undiluted result of 0.09
euros per share (previous year: 0.03 euros). In the first nine
months of the 2010 financial year, the company´s total aggregate
output for the first nine months of the 2010 financial year was 69.4
million euros (previous year: 100.2 million euros).

The operative activities in the first nine months were dominated by
the successfully completed onshore wind farm projects, which were
handed over to our contract partner, EnBW Erneuerbare Energien GmbH.
As agreed, PNE WIND AG will also take over the operational management
of these wind farms during the coming ten years. At the same time
significant progress has also been made in the development of the
"Gode Wind II" offshore wind farm. Thus for example, the geological
building site survey has been successfully completed. In addition,
due to the equity measures undertaken during the first half year of
2010, PNE WIND AG has a sound equity base upon which to continue its
expansion in the highly attractive wind energy markets at home and
abroad.

As at the reporting date, the equity ratio was about 39 percent. As
at 30th September 2010, PNE WIND AGs liquid funds were about 43.2
million euros. In particular, these funds will be used to drive
international expansion forward. Thus for example, areas totalling
12,821 hectares have been secured for the realisation of various wind
farm projects with a capacity of up to 3,450 MW.

Commenting on the nine month result, Martin Billhardt, Chairman of
the Board of Directors of PNE WIND AG, says: "Our company´s
operational development is progressing according to plan. Four
offshore wind farms have already been handed over to our contract
partner, EnBW, and a further wind farm will shortly be handed over.
In addition, PNE WIND AG successfully completed its second repowering
project. We see a great potential for our company in this area. The
development of our offshore projects is also progressing as planned."
The Board of Directors therefore confirmed its already published
forecast; that PNE WIND AGs cumulated EBIT for the years 2010 to 2010
will amount to at least 42 to 54 million euros.

The 9 month 2010 report published today provides a comprehensive
overview of PNE WINDs business results and is available at
www.pnewind.com in the Investor Relations area.

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 set up 96 wind farms with
548 wind energy systems and a total nominal output of 792 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, Romania, Turkey, the UK, USA and Canada. Wind
farm projects with a nominal output of about 3,450 MW are currently
being processed in these countries and are to be implemented in the
medium term. In Germany (onshore) currently wind farm projects with a
nominal output of more than 800 MW are 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:

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 / Alexandra Edinger

Tel: +49(0)611 - 205855-16

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

E-mail: wiehle@cometis.de

Branche: Alternative energy
ISIN: DE000A0JBPG2
WKN: A0JBPG
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade