PNE Wind rebrands with new strategy

GERMANY: PNE Wind has rebranded to reflect its repositioning as a "clean energy solutions provider", working in solar PV, storage and hydrogen, as well as wind.

PNE's 43.2MW Kührstedt/Alfstedt wind farm was the first from of a 200MW pipeline the company is developing to be commissioned

The company will now be known as PNE, which stands for Pure New Energy, it announced.

PNE will continue to work in all phases of wind farm development and ownership, but will also operate in solar PV, and hydrogen for direct use and as a storage technology.

Earlier this year the company successfully placed a €50 million corporate bond.  It will use the proceeds to partly fund new wind projects and prepare for its expansion into other clean energy sources.

The company’s new strategy also includes working across "the entire value chain of renewable energies as well as the refining of electricity".

When the German company announced its first-quarter results in May, CEO Markus Lesser said that PNE also wanted to pursue its new strategy in international markets.

According to the company’s website, it sees "emerging markets in Latin America, Africa and the Middle and Far East" as becoming "more and more important as well as established markets in (its) business activities".