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PNE Group commissions two German projects
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PNE secures 69MW in German wind tender
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PNE secures PPAs for 11 wind farms
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PNE Group has reported similar in first quarter 2021 earnings before interest, tax, depreciation and amortisation (EBITDA) as the same period in 2020.
In the first quarter of 2021 the company posted an EBITDA of €6.3m, compared with €6.4m in the same period in 2020.
PNE generated sales of €16.1m in the first quarter of 2021 compared to €15.7m in the same period last year.
PNE said it was able to complete two wind farms with 17MW for its own wind farm portfolio taking the wind farm portfolio operated by PNE to 151.6MW in the first quarter.
In addition, at the end of the first quarter, five wind farms with a nominal capacity of 97.1MW were under construction in Germany.
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The PNE Group, which is internationally active in the development of wind energy and photovoltaic (PV) projects, has achieved success in Sweden. The Swedish wind farm Hultema with a planned nominal capacity of approximately 60 MW, developed by the PNE Group, has been sold to the Swiss infrastructure fund, Reichmuth Infrastruktur II KmGK.
Following the earlier sales of the Swedish wind energy projects Målarberget and Laxaskogen, with a total nominal output of 138 MW, the PNE Group has thus realised a further project sale in Sweden. The Hultema wind farm is located in the southern part of Sweden and when completed will comprise of Siemens Gamesa 6.0-155 wind turbines.