PNE WIND AG realises largest single onshore project in company's history

Start of construction of "Chransdorf" wind farm with 57.6 MW

Cuxhaven, September 22nd, 2014 – Wind farm developer PNE WIND AG realises the largest German onshore project in its company's history: The construction of the Chransdorf wind farm in Brandenburg is about to start soon. A total of 24 wind turbines of the type N117/2400 by Nordex will be installed, which have already been ordered from the manufacturer. The entire wind farm is expected to be put into operation in 2015.

The wind farm is located in a forest area. In regard to make use of the site's full potential, the planners
chose the Nordex turbines with a height of 141 meters after intensive preparatory Martin Billhardt, Chief Executive Officer (CEO) of PNE WIND AG explains: "With the construction of the Chransdorf wind farm we are taking a big step into the future. This project will be incorporated into the Yieldco in which we want to bundle primarily German wind farm projects with a total capacity of around 150 MW. As the largest single onshore project in our company's history, Chransdorf is an essential part of this portfolio."

With its headquarters in Cuxhaven, PNE WIND AG plans and realises wind farm projects on land
(onshore) and on the high seas (offshore). In doing so, its core competence lies in the development,
project planning, and financing of wind farms and in their operation and sales respectively with the
provision of subsequent service. To date, the company has already successfully developed wind farm
projects with a combined total nominal output of more than 2,000 megawatts.

In addition to its business activities in the established German home market, PNE WIND AG is
increasingly expanding into dynamic growth markets and is already represented in joint ventures and
by subsidiary companies in 14 countries in Europe, Africa and North America. In these countries wind
farm projects with a nominal output of over 5,200 megawatts are currently being developed and are to
be completed in the medium term.

In addition, PNE WIND AG is developing offshore wind farm projects, of which four major projects in
German waters have already been approved.

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