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PNE Wind could invest £500m in UK

PNE Wind UK Ltd, a PNE Wind AG subsidiary, plans to develop over 300 MW of wind energy in the UK.

The wind farm projects are due to be developed in Scotland, England and Wales over the next three years.

PNE Wind UK could bring £500 million investment to Britain’s renewable energy industry. PNE Wind UK has established an office in London and plans to open a second operation in Scotland before the end of 2010.

The move is the latest venture for parent company PNE Wind AG.

Director George Mager, says: “This is a key strategic and logical progression for the company. PNE Wind AG is increasingly investing in dynamic growth markets and the UK is a key market with investment growth forecast to reach £200 billion in the industry over the next decade.”

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