Germany's PNE Wind, VPC to develop “Energy Islands”

"Courtesy of PNE WIND AG"

December 1 (Renewables Now) - German wind farms developer PNE Wind AG (ETR:PNE3) has partnered with local engineering firm VPC GmbH to work on grid-independent and self-sustained renewable energy supply solutions for public and commercial use.

This future-oriented cooperation will be establishing the so-called "Energy Islands" both in Germany and abroad, according to an announcement on Friday.

The plan is to combine various renewable energy sources, including wind and solar photovoltaics (PV), with storage technologies or generators powered by biofuels. Advantages include cost-effective energy supply, long-term price stability and independent generation.

PNE Wind will be in charge of the approval, financing and participation models, as well as the construction and operation of wind farms. On the other hand, its partner will be responsible for the PV, biodiesel, storage and grid connection, as well as project management and operation of the overall system.

The move is part of PNE Wind’s strategy to become a "Clean Energy Solution Provider". In mid-November, the company said it wants to expand the range of services it offers, enter new markets and add solar, storage and other green technologies to its portfolio.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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