PNE AG
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PNE AG (formerly Plambeck Neue Energie AG) is a German company based in Cuxhaven. It is developing wind farms on land and at sea (offshore).
The business model of PNE AG includes planning, building, financing, operating and selling of wind farms. The company is active in Germany as well as in countries such as Hungary, France, Turkey and USA.
The Company received the permission for the first own offshore project "Borkum Reef Ground" approximately four years after examination by the competent
Until December 2010 PNE had built 97 onshore wind farms with 563 wind turbines and a total capacity of 804 MW. 299 wind turbines with a total capacity of 462 MW and 2 biogas plants with a total of 1 MW were in the operational management.
The stock ticker is PNE3.DE.
History
1979 Norbert Plambeck and his father Otto Plambeck founded a group of companies. This group included the "Windpark Marschland GmbH" in 1995, which changed its name in 1998 to Plambeck Neue Energien AG as a company limited by shares (Aktiengesellschaft).
Wolfgang von Geldern accompanied Norbert Plambeck during the Initial public offering and belonged to the Board from 1998 until 2008.
In August 2019 Morgan Stanley Infrastructure announced an offer at €4 per share or €306m to acquire PNE AG. The supervisory board of PNE AG agreed to the offer in October 2019. A great number of PNE AG's shareholders disagreed with the offer, sighting the offer as too low. As of November 15th 2019 Morgan Stanley Infrastructure amassed a 21.9% stake in PNE AG.
