Repowering Project: PNE Sells Wind Farm to Qualitas Energy - Electricity Production Quintupled

Cuxhaven, Germany - PNE AG has sold a repowering wind farm to Qualitas Energy Deutschland GmbH. The wind farm project with nine wind turbines and a capacity of 59.4 MW, which is currently under construction, is located in the municipalities of Groß Twülpstedt and Bahrdorf in Lower Saxony. Commissioning is planned for the second quarter of 2025.

“We are pleased that we can hand over this high-quality project to an investor turnkey-ready. With Qualitas Energy, a company focused on acquisition, development, construction and operation of wind farms will be taking over the wind farm,” says Per Hornung Pedersen, CEO of PNE AG. “Planning, development, financing and construction of high-quality wind farms have been our core competence for decades. The completion of the project shows just how good a reputation we have in the industry and with investors. In line with our corporate strategy, we will continue to invest the proceeds of this sale in the profitable growth of our group of companies and the expansion of our own operations.”

Johannes Overbeck, Head of Investments at Qualitas Energy Deutschland GmbH, emphasizes the importance of the project and the company's generally ambitious investment goals to accelerate the energy transition in Germany.

Planning for the Papenrode wind farm began in 2016. First, the existing wind farm with 15 old turbines had to be dismantled before construction of the new wind turbines could begin. Although the new wind farm consists of significantly fewer wind turbines, electricity production will increase fivefold. The wind farm is therefore making a major contribution to the energy transition and climate protection.

Source: IWR Online, Nov 11 2024