WKN concludes a framework agreement with John Laing
- Agreement for potential future WKN projects in France and Poland
Husum - WKN AG, a leading developer of wind energy farms based in Husum, Germany, concluded a framework agreement with John Laing Investments Ltd (“John Laing”) at the beginning of the year regarding the future acquisition of international wind energy projects. John Laing Investments Limited is a subsidiary of John Laing.
The agreement includes an investment in France with a total volume of more than 50 megawatts. It is envisaged that the projects will be launched successively in the next two years. Each purchase agreement will be subject to building and operational approval of the projects. WKN will be responsible for the construction of the projects, and will be commissioned as EPC contractor by John Laing Group plc.
WKN AG, which is part of the PNE WIND Group, will be able to demonstrate its competence in project development and its decades of experience in the construction of turnkey wind farms. “We want to expand our strategic approach to constructing international turnkey wind farms in the future”, explains Roland Stanze, COO of WKN AG. “This also applies to our steadily growing WKN project pipeline in France.”
Furthermore, WKN AG has concluded a separate framework agreement with John Laing regarding a proposed investment in a WKN project in Poland with a total volume of approximately 40 megawatts. This project is scheduled to be included in one of the upcoming Polish renewable energy system auctions.
“We are very pleased to have the trust of the experienced infrastructure investor John Laing. WKN AG has, without a doubt, earned international recognition as a renowned project developer and turnkey provider over the course of more than 25 years”, according to Roland Stanze. Ross McArthur Managing Director - Renewable Energy of John Laing Group adds, “At an exciting time for the industry we are very pleased to be working together with an experienced and successful partner in WKN on these wind farm projects”.
WKN AG has planned, installed and operated turnkey wind energy farms in Germany since 1990. In addition, WKN AG is internationally represented by subsidiaries and joint-ventures in numerous European countries, South Africa and the US. Up to now, the company has initiated and realized projects with a total of about 1,300 megawatts capacity.
The headquarters of the WKN-Group are located at the “House of Future Energies”, an established centre of excellence for renewable energy sources in Husum/Germany. About 83 percent of WKN shares are owned by PNE WIND AG located in Cuxhaven/Germany while approx. 17 percent are held by private and institutional shareholders.
John Laing is an international originator, active investor and manager of infrastructure projects. Its business is focused on major transport, social and environmental infrastructure projects awarded under governmental public-private partnership (PPP) programmes, and renewable energy projects, across a range of international markets including the UK, France, other European countries, Asia Pacific and North America.
Husum, 05 February 2016
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