Green Future Unfolds: 12 GW Solar-to-Hydrogen Facility in Mozambique

• PNE AG sells 208MW solar projects to TotalEnergies Renewables, part of TotalEnergies' expansion into Eastern Europe. Markus Lesser, CEO of PNE, confirms the Scale Up 2.0 strategy, extending their business model while enhancing company value. 510MW already sold & 1GW under development in Romania. Purchase price undisclosed.

PNE AG, a global independent project developer and service provider for renewable energy projects, has agreed to sell five solar projects totalling 208MW to TotalEnergies Renewables. The deal will see the projects transferred at the ready-to-build stage and is part of TotalEnergies' expansion into Eastern Europe. Markus Lesser, CEO of PNE, has commented that the deal confirms PNE's Scale Up 2.0 strategy, extending their business model while enhancing company value. PNE has been active in Romania for over 10 years, with 510MW of wind and solar projects sold and 1GW under development. The purchase price for the transaction has not been disclosed.

What Price Did TotalEnergies Pay for PNE's Five 208MW Solar Projects?

• The five solar projects, totalling 208MW, are located in Romania.
• They are being sold to TotalEnergies Renewables, part of TotalEnergies' expansion into Eastern Europe.
• The transaction includes the transfer of the projects to the ready-to-build stage.
• The purchase price for the transaction has not been disclosed.