on PNE WIND AG (isin : DE000A0JBPG2)
PNE AG Successfully Sells its US Division to Lotus Infrastructure Partners
PNE AG has sold its US division to Lotus Infrastructure Partners. The divestiture includes PNE USA, Inc. and a project pipeline of 18 wind energy, photovoltaic, and energy storage projects. These projects, based in Chicago, boast a total output of over 3GW, spanning various stages of development.
The deal’s financial terms remain undisclosed, with payments structured around project milestones. This strategic move allows PNE to zero in on their European operations. The proceeds will fund the Scale Up 2.0 strategy, targeting substantial growth in their independent power producer portfolio.
PNE’s CEO expressed confidence in the transaction, highlighting the benefits for US colleagues and the prospects for completing initiated projects successfully.
R. P.
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