Wednesday, April 21, 2010

PNE Wind AG

Mr. Jeremy van Loon of the news service Bloomberg, reporting on a presentation by PNE Wind AG, CEO Martin Billhardt, from a wind industry event in Warsaw, Poland stated in an article on the Bloomberg Businessweek.com website early this morning the following:

- PNE Wind AG wants to increase the number of projects it is developing in the U.S. and Canada to about 2,500 megawatts in the next three to five years from 600 megawatts now. PNE is currently developing wind farms in North Dakota and South Dakota as well as in Saskatchewan.
- Mr. Billhardt reiterated a target for annual earnings before interest and taxes of at least 14 million euros (c.a. $18.8 million CAD) to 18 million euros (c.a. $24 million CAD) on average for the next three years.
- PNE Wind AG’s shares have risen 24 percent this year in Germany.

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