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Vattenfall has signed an agreement to acquire the project company PNE WIND Atlantis I GmbH from PNE WIND AG. The sale and purchase agreement, which is still subject to various closing conditions, includes a purchase price in a lower double digit million Euro amount.

PNE WIND Atlantis I GmbH is the owner of the offshore wind project Atlantis I which is located in the German North Sea 84 kilometres north-west off the island of Borkum and the project site allows a potential for up to 73 wind turbines of multi megawatt class. PNE WIND AG will remain involved in the further development of project Atlantis I as a long-term service provider. The project fulfils the criteria of the new §26 “WindSeeGesetz” for participation in the first auction rounds for offshore wind projects in Germany starting in April 2017.

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