Upbeat PNE sees growth in 2014

A PNE wind farm

A PNE wind farm

Cuxhaven-based PNE Wind says that it will boost its wind farm development business this year following the acquisition of rival German developer WKN.

PNE Wind itself last year built or began construction on five wind park projects with a combined capacity of 35MW, and has building permits on hand for additional wind farms with 22 turbines and a total capacity of 58MW.

Additional projects are currently in the approval process and the building permits are expected to be issued shortly.

In total, wind farms under construction, permitted or nearly permitted represent 160MW of generation capacity, PNE says. The debt financing for these projects representing more than €200m ($272m) has already been secured with six German and European banks.

"The large number of permitted Log in to read complete article.

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