PNE has sold its Panamanian business to the local managing director in a management buyout.
The company said the transaction covers a service entity and six wind and solar projects and completes its planned withdrawal from the market.
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PNE added that it had already sold one wind project and two solar projects in the third quarter of 2025 as part of the exit.
“With this sale, we have now completed our exit from the Panamanian market as planned at the end of 2025,” said Heiko Wuttke, chief executive officer of PNE AG.
“We regularly review our international activities and focus on profitable core markets.”