Like many small wind developers – roughly classified as those with operational assets under 200 megawatts (MW) – PNE continues to tout its bright future thanks to massive government support for renewables projects.
PNE, based in Cuxhaven, reported revenues of €102.7m ($154m) in the year to 30 September – up from €51.9m during the same period last year.
PNE’s operating profit during the period fell by 80% to €5.1m,
