PNE launches PPA tender for industrial companies in Germany

EQS-News: PNE AG / Key word(s): Miscellaneous
PNE launches PPA tender for industrial companies in Germany

20.06.2024 / 11:07 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Corporate News

PNE launches PPA tender for industrial companies in Germany

  * Sale of 300 GWh of green electricity per year from nine PNE owned wind
    farms and solar power plants

* Cooperation with Berlin energy market consultant Enervis

* Determination of prices and terms in the tendering procedure

Cuxhaven, 20 June 2024 - PNE starts a new chapter in the sale of green
electricity from its own plants. For the first time, the Cuxhaven-based
energy company is bidding for large quantities of electricity for industrial
customers. Companies wanting to purchase green electricity in Germany and
interested in a long-term power purchase agreement (PPA) are invited to
submit price proposals. More than 300 gigawatt hours per year (GWh/a) in
five portfolios in different sizes from 32 to 124 GWh/a. From 2026, green
electricity will be generated by PNE wind farms and photovoltaic plants,
including both existing and new construction projects.

"This step strengthens our position as a reliable partner for green
electricity procurement for the industry in Germany," says Markus Lesser,
CEO of PNE AG. "Until now, it has been customary for electricity customers
to put a PPA request on the market and obtain offers. We turn this process
around and offer the industry a variety of different PPA options from which
they can determine the right product for themselves. With PNE, PPAs thus
guarantee reliable power supply, long-term price security and support for
sustainability goals, at a scale suitable for industrial customers."

Roland Stanze, Head of Commercial Solutions at PNE AG, adds: "At the same
time, we expect to address and expand our industrial network more precisely.
It is a win-win situation for the electricity customers and for PNE, and an
important building block for the strategic expansion of our IPP activities."

The tendering process will start in June and should be completed by October
at the latest. The PPA terms and prices will be determined during the
tendering process. PNE is supported by the Berlin energy market consultancy
Enervis. As an established consulting firm, the company has excellent
experience in the field of PPAs and tendering processes in the German energy
market.

About the PNE Group

The internationally operating, listed PNE Group is included in the SDAX as
well as the TecDAX. For more than 25 years, it has been one of the most
experienced project developers in the field of onshore and offshore wind
farms. The focus is on the development of wind energy and photovoltaic
projects worldwide as well as on electricity generation with its own wind
farms. Its portfolio covers all project planning phases, from site
investigation and the implementation of the approval procedures, through
financing and construction, to operation and repowering. As a clean energy
solutions provider, the PNE Group also offers services for the entire life
cycle of wind farms and photovoltaic plants. The PNE Group is a sought-after
partner to industry for solutions for the refinement of electricity via
power-to-X technologies.

Contact:

PNE AG
Alexander Lennemann
Head of Corporate Communications
Tel: +49 47 21 - 7 18 - 453
E-mail: alexander.lennemann@pne-ag.com

PNE AG
Head of Investor Relations
Christopher Rodler
Tel: +49 40 - 879 33 114
Fax: +49 47 21 - 7 18 - 373
E-mail: Christopher.Rodler@pne-ag.com


---------------------------------------------------------------------------

20.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        PNE AG
                   Peter-Henlein-Straße 2-4
                   27472 Cuxhaven
                   Germany
   Phone:          04721 / 718 - 06
   Fax:            04721 / 718 - 200
   E-mail:         info@pne-ag.com
   Internet:       http://www.pne-ag.com
   ISIN:           DE000A0JBPG2, DE000A30VJW3
   WKN:            A0JBPG, A30VJW
   Indices:        SDAX, TecDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1929857

End of News EQS News Service
---------------------------------------------------------------------------

1929857 20.06.2024 CET/CEST