German renewables developer PNE AG aims to increase its project pipeline to more than 20GW by 2027.
In addition to 10GW of onshore wind projects, the pipeline is expected to include around 8 GWp of PV projects and 2GW of offshore wind projects.
At present, the company has around 11.4GW/GWp of projects installed.
The company is also building up its electricity generation portfolio based on its own project development activities and strives for a total output of 1,500MW/MWp by 2027, up from around 283 MW.
An additional focus is also placed on the continuous optimisation of all plants in order to ensure high technical availabilities and an optimised yield structure.
PNE invests in wind farms and PV projects for its own generation in Germany, France and Poland, and exclusively in PV in Italy and Spain.
To achieve this, the company intends to invest around €1.6bn in its own portfolio by 2027, which is to be made up of external project financing and own funds. Additional investments will flow into the expansion of project development and future technologies.
PNE will continue to sell developed projects that are outside the markets for internal electricity generation in order to have funds for investments.
The plan is to sell wind and photovoltaic parks with a total capacity of more than 600MW/MWp on average each year.
“Building on the robustness and successful development of our segments ‘project development’, ‘services’ and ‘electricity generation’, we have reached a new order of magnitude and are getting closer to our vision of 100% energy supply through renewable energies,” said Markus Lesser, CEO of PNE AG.
“The complementary business segments will stabilise the earnings of the PNE Group, create synergies and thus offer high growth potential. We will expand and scale up our proven, successful business model. 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.”.