Strategic Development to 2027: PNE Pushes Ahead With Scaling The Business
Cuxhaven, Frankfurt / Germany - PNE AG, which is active internationally and nationally in the development and operation of renewable energy projects, has completed the transformation into a clean energy solutions provider that began in 2017 and can look back on the successful implementation of the "Scale Up" strategy.
Expansion of the project pipeline to more than 20,000 MW/MWp planned
With the new Scale UP 2.0 strategy, PNE is responding to both the positive business development of recent years and the current market environment, which supports a growing demand for clean energy solutions and the accelerated expansion of renewable energies. " In doing so, we take advantage of market opportunities for the expansion of clean energies. At the same time, we are minimising the risks even further with our resilient business model," said Markus Lesser, Chairman of the Board of Management of PNE AG.
Within the framework of the strategic further development, the PNE Group intends to significantly advance the expansion in the areas of wind onshore, wind offshore and photovoltaics (PV) in its core business of project development. Furthermore, the focus is on future technologies such as hybrid projects with electrolysers, battery and gas storage as well as heat generators (CHP). PNE also intends to expand its technical competence in the development, construction and operation of Power-To-X and battery solutions.
By 2027, PNE plans to expand its project pipeline to more than 20,000 MW/MWp (as of September 2022: 11,400 MW/MWp). In addition to 10,000 MW of wind onshore projects, the pipeline is expected to include around 8,000 MWp of PV projects and, beyond that, offshore wind projects of a further 2,000 MW.
Power generation: Own plant portfolio to be expanded to 1,500 MW/MWp
In electricity generation, PNE is aiming for a strong expansion of the existing portfolio in the onshore wind energy and PV sectors. This portfolio is to be built up from own project development. The target is to have a total output of turbines in operation with a capacity of 1,500 MW/MWp by 2027 (as of September 2022: 283 MW).
In addition, PNE aims to become one of the leading operational management companies in Europe. The plan is to expand the portfolio in the area of plant management to more than 3,500 MW. In addition, the focus is on further service offerings in areas such as electricity trading, optimisation of wind and PV projects or life cycle management of renewable energy projects.
Investments will be increased - quadrupling of EBITDA expected
The strategic development of the PNE Group is linked to a significant increase in investments. PNE plans to invest around € 1.6 billion in its own portfolio by 2027 from external financing or its own funds. Additional investments are to flow into the expansion of project development and future technologies.
As in the past, PNE intends to continue to sell developed projects outside the markets for its own electricity generation in order to generate funds for investments. The plan is to sell wind and photovoltaic farms with an average annual output of more than 600 MW/MWp.
"We have the necessary knowledge and the means to be able to implement our strategy on our own. With Scale up 2.0, we have set ourselves the goal of improving in all areas and increasing our EBITDA to more than euro 150 million by 2027. We are looking to the future with boundless energy and we expect to see significantly accelerated growth in the coming years," said PNE Board member Markus Lesser.
Source: IWR Online, 23 Nov 2022