• 199 MW solar project, one of the largest in the state of Utah
• Company’s second sale of USA solar project

Chicago, IL, March 2, 2022 – PNE USA, Inc., a subsidiary of PNE AG, a publicly traded renewable energy company based in Cuxhaven, Germany, announced it has sold a 199 MWp solar project to a top tier USA operator. When complete, the 2-phase development will have a capacity of up to 398 MWp, making it one of the largest installations in the state of Utah.

PNE AG has built its reputation with more than 25 years of success in onshore and offshore wind. This sale, its second utility scale solar transaction in the United States, exemplifies the company’s commitment and expertise in the industry. In the US, PNE has now developed and sold more than 800 MW of utility scale wind and solar energy projects.

Karl Dahlstrom, CEO of PNE USA remarked, “We are pleased to have finalized this transaction with a top tier sponsor. This project will meaningfully contribute to Utah’s Renewable Portfolio Goal of 20% renewables by 2025. With our expanding team and growing portfolio we anticipate more successful developments in the near future.”