PNE continues to expand its own portfolio.

Last Updated: 16. Februar 2024By

If you are interested in green energy, you may have already heard in the past few days: There have been new takeover rumors surrounding the German wind farm project developer and operator PNE.

The German energy giant RWE is being considered as a possible buyer, as they plan to invest billions in expanding green energy. However, their own growth is not sufficient, so RWE is also looking for suitable acquisition targets. Allegedly, PNE is also on RWE’s list of potential targets.

In addition, PNE has expanded its own portfolio, which has also increased the company’s value. More on that later, after you have learned more about the company and its business model in detail.

Developer and operator of renewable energy solutions The PNE Group, founded in 1994, operates internationally and is one of the most experienced project developers of onshore and offshore wind farms in Germany. Based on this, the company is further developing into a „Clean Energy Solutions Provider,“ offering solutions for clean energy.

From the initial site exploration and permit procedures, to financing and turnkey construction, to operation and repowering (power plant renewal) after the end of its service life, the range of services covers all phases of project development and operation of wind farms.

PNE’s strategic focus includes the entire value chain of renewable energy as well as the refinement of electricity. In addition to wind energy, photovoltaics, storage, and power-to-X technology with a focus on hydrogen are also part of PNE’s service offerings.

For clarification: Power-to-X refers to various technologies for storing or otherwise utilizing surplus electricity during times of (future) surplus of variable renewable energies such as solar energy, wind energy, and hydropower.

Expansion of self-operation increases company value PNE is making good progress with the expansion of its self-operation portfolio. The company has taken two wind farms in Schleswig-Holstein into operation and transferred them to self-operation at the turn of the year.

The takeover of the two parks into the self-operation portfolio increases the total installed capacity of PNE Group’s wind farms to 370 megawatts (MW). With a total capacity of 21.6 MW, the two new wind farms cover the electricity needs of around 15,000 three-person households with their annual electricity production.

„As a provider of clean energy solutions, our goal is to have wind and photovoltaic plants with a capacity of 1,500 MW/MWp in operation or under construction by the end of 2027. With the commissioning of the two wind farms, we are well on our way to achieving this goal,“ says PNE CEO Markus Lesser.

Currently, another eleven wind farms of the PNE Group with a capacity of around 281 MW are under construction, which are expected to be transferred to self-operation after commissioning. With 370 MW in operation, this means around 651 MW in operation or under construction.

Thus, the company has significantly exceeded its strategic intermediate target of having wind farms with a capacity of 500 MW in operation or under construction for self-operation by the end of 2023. According to my analysis, this is not the only reason why PNE’s stock is interesting as a potential acquisition target.