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In the first half of 2019, the PNE Group has put wind farm projects with around 404 MW into operation or has started their construction. The group generated in the reporting period revenues of € 65.6 million (prior year: € 28.4 million), total aggregate output of € 85.6 million (prior year: € 38.2 million).
Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to € 18.5 million (prior year: € 8.7 million) and the operating profit (EBIT) € 12.9 million (prior year: € 4.1 million).
In the second quarter of 2019, PNE sold two further projects (245 MW) in Poland and Sweden. As with other projects, PNE will take over the construction management for these and, after completion, support them during the operating phase. In the USA, the rights to the "Burleigh" project were sold in the second quarter. Projects developed by PNE in Sweden and France (44.4 MW) were completed. In Poland, construction began on a wind farm (42 MW) developed and sold by PNE, for which PNE has taken over construction management and which PNE will subsequently also manage when in operation.
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