PNE Wind - Scaling up
PNE is currently focused on expanding its business into new technologies (including solar) and emerging markets to access new profit opportunities, which the company expects will boost EBIT by 30–50% vs the historical average by 2023. On 26 August, PNE announced that it is in discussions with Morgan Stanley Infrastructure Partners about potential co-operations and investments that would include a takeover offer for PNE. PNE received an indicative non-binding offer for 100% of the shares, valuing the company at €3.50–3.80 per share.PNE Wind is engaged in the development of wind farm projects in several countries in Europe, South Africa and North America. In addition to developing wind farm projects on land (onshore), Co. is also engaged in the development of wind farm projects at sea (offshore). As a project developer, Co. is involved in various stages of the development of a wind farm: from the identification of a site to the realization and operation of the wind power turbines. For offshore wind farms, Co. develops them up to the point where they are ready to construct and then sell them prior to construction. Co. operates in two segments, projecting of wind power turbines and electricity generation.
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