PNE WIND AG has completed the largest wind-farm sale in its corporate history for a purchase price of approximately EU$103 million. The sale was officially completed after the Federal Cartel Office granted approval of the sale of an 80% stake in the 142-MW wind farm portfolio to a subsidiary of AREF II Renewables Investment Holding. The…
PNE WIND nears deal for majority stake in wind-farm portfolio
PNE WIND AG is in the advanced stage of negotiations with AREF II Renewables Investment Holding for the sale of an 80% shareholding in PNE WIND YieldCo Deutschland GmbH. The purchaser, a subsidiary company of the energy and infrastructure-fund Allianz Renewable Energy Fund II, is managed by Allianz Global Investors GmbH and concluded its fundraising with institutional…
Tribal Council approves lease for Oklahoma wind farm
The Cherokee Nation Tribal Council has approved the leasing of more than 4,000 acres of tribal trust land near the former Chilocco Indian School site in Oklahoma to wind-farm developer PNE Wind. The agreement brings Cherokee Nation in line with other tribes owning land in the area to develop a wind energy project that would be…