EANS-News: PNE WIND AG completes Oldendorf wind farm and hands it over to EnBW as purchaser

• 15 wind energy systems with a together 12 MW were constructed

• Electricity for about 7,000 households

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Company Information

Subtitle: • 15 wind energy systems with a together 12 MW were
constructed • Electricity for about 7,000 households

Cuxhaven (euro adhoc) - November 22, 2010 - The wind farm developer,
PNE WIND AG (ISIN: DE000A0JBPG2), has completed the Oldendorf wind
farm in Lower Saxony. 15 Enercon E53 wind energy systems with a total
nominal output of 12 MW and an overall height of 100 metres were
constructed in this wind farm.

A relatively long planning phase preceded the construction of this
wind farm due to local circumstances. Because of PNE WIND AG´s
expertise, it has now been possible to complete the project
successfully with the complete construction of all 15 wind energy
systems. After commissioning, the wind farm will be handed over to
EnBW Erneuerbare Energien GmbH as the purchaser. As contractually
agreed, PNE WIND AG will be responsible for its technical and
commercial operation.

The wind energy systems constructed in Oldendorf wind farm can supply
the annual electricity requirements of about 7,000 private
households. At the same time, the wind farm makes a significant
contribution to environmental protection because, due to the
environmentally friendly production of electricity from wind, more
than 14,000 tons of carbon dioxide and other pollutants will be
avoided annually.

Martin Billhardt, Chairman of the PNE WIND AG Board of Directors
says: "Patience was required in the construction of this wind farm.
But our employees´ many years of experience in project development
pays off in such situations. Thanks to their tireless commitment, we
have succeeded in bringing this project to a successful conclusion."

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 97 wind farms with
563 wind energy systems and a total nominal output of 804 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
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München / free trade