TotalEnergies Expands in E.Europe: PNE Sells 208MW Solar Portfolio

• German energy group PNE AG to sell five 208MW solar projects in Romania to TotalEnergies Renewables. PNE commits to remain responsible for further project development until completion. CEO Markus Lesser expresses satisfaction at TotalEnergies' trust in PNE's expertise. Purchase price undisclosed. 510MW of wind and solar projects already sold, 1GW under development.

PNE AG, a German energy group, has agreed to sell five solar projects totalling 208MW in Romania to TotalEnergies Renewables, a subsidiary of TotalEnergies. As part of the deal, PNE will remain responsible for further project development until the ready-to-build stage is achieved. Markus Lesser, CEO of PNE, expressed his delight that TotalEnergies trusts their expertise in the solar photovoltaic domain. The purchase price of the transaction has not been disclosed. PNE has a long-standing history in Romania, as they have successfully developed and sold 510MW of wind and solar photovoltaic projects and have an additional 1GW of projects under development.

What is PNE AG's History in Romania?

• PNE AG has been active in Romania for over a decade, with the first project being established in 2008.
• PNE AG has invested over 1 billion euros in Romania since its first project in 2008.
• Since its establishment, PNE AG has successfully developed and sold 510MW of wind and solar photovoltaic projects and has an additional 1GW of projects under development.
• In 2020, PNE AG has sold five solar projects totaling 208MW in Romania to TotalEnergies Renewables, a subsidiary of TotalEnergies.
• PNE will remain responsible for further project development until the ready-to-build stage is achieved.
• This purchase has cemented PNE AG's involvement in Romania's renewable energy sector, as it is the largest solar project sale in Romania to date.