PNE WIND AG

euro adhoc: Plambeck Neue Energien AG
Joint Ventures/Cooperation/Collaboration / Co-operation for wind farm projects in United Kingdom and Ireland

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Company Information

03.07.2008

Cuxhaven, 03 July 2008 - The German wind farm developer Plambeck Neue Energien AG (ISIN: DE000A0JBPG2), in Cuxhaven, continues to extend the development of wind-farm projects internationally. A joint-venture agreement with British project developer New Energy Development Ltd. (NED) for the establishment of a joint company to develop and implement wind farm projects in United Kingdom and Ireland is finally agreed today.

NED will have an 32,5 per cent stake in the joint venture. The Joint Venture will initially develop and commission wind farm projects with an installed capacity of 300 MW. The projects are at different stages of development and are planned for completion from 2010.

NED will be responsible for the development of the wind farm projects until planning approval or completion. Plambeck Neue Energien AG is to be responsible for the selection and procurement of the wind turbines, financing the development phase, project finance and sale to investors as well as the commercial and technical management.

end of announcement                               euro adhoc
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Further inquiry note:

Rainer Heinsohn
Plambeck Neue Energien AG / Öffentlichkeitsarbeit
Tel.: +49(0)4721-718-453
heinsohn@plambeck.de

Branche: Alternative energy
ISIN: DE000A0JBPG2
WKN: A0JBPG
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade
Original-Content von: PNE WIND AG, übermittelt durch news aktuell

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