EANS-News: PNE WIND AG agrees a further joint venture in Bulgaria

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Subtitle: - Joint venture deals with wind farm project with 150 MW rated output
- Project approvals are expected shortly

Cuxhaven (euro adhoc) - Cuxhaven, June 1, 2010 - The wind farm developer PNE
WIND AG (ISIN: DE000A0JBPG2) is considerably expanding its foreign activities in
Bulgaria. With the Windpark Dobrudzha OOD, the foundation of a joint venture was
agreed, in which a Bulgarian wind farm project with a rated output totalling 150
MW is being included. PNE WIND AG, through PNE Ausland GmbH, will hold 51
percent of the shares in the joint venture company, with the Dobrudzha OOD wind
farm holding the remaining 49 percent.

The wind farm project is located in the very windy region of Dobrudzha in the
north-east of Bulgaria. The project approvals are expected shortly. The
extensive environmental analyses, which are required in the run up to the
granting of approvals, are currently being carried out.

The project was developed by Storis Engeneering, which has many years of
experience in the Bulgarian wind energy market and has detailed knowledge of the
market.

Within the joint venture, PNE WIND AG will be responsible for the selection and
purchase of wind turbines, the financing of the project, distribution and
commercial and technical management in the operating stage of the wind farm.

"Our activities to date in Bulgaria will be supplemented fantastically by this
joint venture. We are very well positioned on this growth market as a result of
this project", says Hartwig Höpcke, authorised representative of PNE WIND AG and
project manager for foreign markets, of the agreement.

Martin Billhardt, chairman of PNE WIND AG, emphasises: "With this additional
collaboration, we are focussing on continuing our international expansion
strategy. Our growing commitment in Bulgaria is another building block for this.
We are ensuring that our future has a continually growing project portfolio."

PNE WIND AG has already been active on the Bulgarian wind energy market since
2007, working with various local partners to develop wind farm projects, in
which wind turbines with a total rated output of more than 400 MW have been
set-up. These projects are in various development stages.

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
successfully completed 94 wind farms with 541 wind energy systems and a total
nominal output of 782 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,
Turkey, the UK, Romania, USA and Canada. Wind farm projects with a nominal
output of up to 1,700 MW are currently being processed in these countries and
are to be implemented in the medium term. In Germany (onshore), wind farm
projects with a nominal output of more than 750 MW are currently 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.

Further inquiry note:
Contact

PNE WIND AG
Press and Public Relations
Rainer Heinsohn
Tel: +49(0) 47 21 - 7 18 - 453
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: [email protected]

Investor Relations
cometis AG
Ulrich Wiehle / Dirk Stauer
Tel: +49(0) 611 - 205855-22
Fax: +49(0) 611 - 205855-66
E-mail: [email protected]
end of announcement euro adhoc
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