WKN

What WKN does

PNE AG is a German publicly listed Clean Energy Solutions Provider headquartered in Cuxhaven, founded in 1995 and listed on the SDAX since 2022. The company operates across the full value chain of renewable energy through three reportable segments: Project Development (Projektentwicklung), Power Generation (Stromerzeugung/Eigenbetrieb), and Services. Its core technology stack covers onshore and offshore wind, ground-mounted/floating/agri-photovoltaic, repowering of legacy wind parks, green hydrogen (Power-to-X), and battery energy storage systems (BESS). Asset base consists of >5.7 GW realized onshore wind capacity across 2,100 turbines, >2.6 GW realized offshore wind across 395 turbines, >3.2 GWp realized PV capacity, and >8.3 GW total realized renewable capacity, with a 7.1 GWp PV pipeline across 8 countries.

The business model combines three revenue streams. Project Development generates one-time revenue from sale of developed wind, solar, and hydrogen projects to investors and operators, with a stated strategic balance between portfolio expansion and project sales. Power Generation contributes recurring revenue from the company's own operating portfolio of wind and solar installations. Services contribute professional-services revenue across the entire asset lifecycle, including operations management (Betriebsführung), construction management and grid connection, PPA structuring, technical inspections, wind/site services, and post-warranty 20+ year continued operations (Weiterbetrieb 20+). The go-to-market is enterprise direct B2B sales targeting industrial customers seeking decarbonization, landowners, energy-sector investors, and wind farm operators, supplemented by participation in regulatory tenders (e.g., Bundesnetzagentur auctions) and capital-markets financing via corporate bonds.

Customer base and geographic footprint are spread across industrial off-takers, landowners, energy investors, and wind farm operators served through direct relationships across 13 countries and 4 continents (Europe, South Africa, North America, Asia), backed by a workforce of >650 employees. Recent strategic activity — including tender wins (May 2026, including Beerfelde), portfolio commissionings (June 2026, Gnutz Ost, 18 MW), and stated strategic emphasis on Wind Onshore, PV, and BESS — signals ongoing pipeline and portfolio expansion.

Name

WKN

Legal name

PNE AG

Website

https://wkn-group.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

PNE AG is a publicly listed German Clean Energy Solutions Provider developing, owning, and operating onshore/offshore wind, photovoltaic, battery storage, and green hydrogen projects across 13 countries, serving industrial customers, landowners, and energy investors.

Ownership category

akta.pro rank

Headquarters

HQ city

Husum

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Project Development and Sales: Development of renewable energy projects (wind, solar, hydrogen) with sale of projects to investors or operators. Balanced approach between own portfolio expansion and project sales.
2. Power Generation (Eigenbetrieb): Operation of own renewable energy generation assets, including wind and solar farms. Growth of own portfolio for long-term electricity generation revenue.
3. Services: Comprehensive services along the entire value chain including operational management (Betriebsführung), construction management, grid connection, PPAs, technical inspections, wind site services, and 20+ year continued operation support.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

PNE AG is a Clean Energy Solutions Provider that develops, builds, operates, and services renewable energy projects across the full value chain. Its portfolio spans onshore and offshore wind, photovoltaic (ground-mounted, Floating PV, Agri-PV), wind farm repowering, green hydrogen via Power-to-X, and integrated energy solutions combining PV, wind, storage, and hydrogen for industrial customers. The company also operates its own generation portfolio and provides operations management, construction management, PPAs, technical inspections, and 20+ year continued-operation support.

Product overview

PNE AG operates as a Clean Energy Solutions Provider covering the entire value chain of renewable energies through three operational segments: Project Development, Power Generation, and Services. The Project Development segment includes onshore wind, offshore wind, photovoltaics, repowering, green hydrogen, and integrated energy solutions. The Power Generation segment involves the company's own operating portfolio. The Services segment offers operations management, construction management, grid connection, PPAs, technical inspections, and post-warranty support services. Together, these segments enable PNE to develop, build, operate, and service renewable energy projects from initial site identification through long-term power generation.

Differentiator

Problem solved

Functional benefit

Products and services

• Windenergie Onshore (Onshore Wind Energy Development) End-to-end onshore wind project development covering site identification, planning, permitting, and construction of entire wind farms. More than 280 wind parks, over 5.7 GW installed capacity, and 2,100 onshore wind turbines realized.
• Windenergie Offshore (Offshore Wind Energy Development) Offshore wind park development with projects prepared to the point of sale including completed planning, seabed surveys, turbine and foundation selection, wind park permits, and grid connection capacity confirmation. Approximately 2.6 GW offshore capacity and 395 offshore wind turbines realized.
• Photovoltaik (Solar PV Development)

Quantifiable outcome

• > 8.3 GW total renewable energy capacity realized across wind and solar
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• OX2 AB: Nordic renewable energy developer focused on onshore wind, solar, and BESS with both project sales and own-portfolio operations. Highly comparable in multi-technology development pipeline and target geographies.
• Encavis AG: German IPP and renewable energy operator specializing in solar and wind, with a comparable mix of own-portfolio generation and project development across Europe. Closely comparable in segment structure (Power Generation + Project Development) and German SDAX-listed.
• Enertrag AG: German wind and hydrogen project developer with operations across offshore wind, onshore wind, and Power-to-X. Comparable to PNE in wind-plus-hydrogen strategy and German mid-cap developer profile.
• Eolus Vind AB: Swedish wind project developer active in onshore and offshore wind across the Nordics, with a similar project-development-to-sale model. Comparable in wind-focused pipeline, Nordic/European footprint, and project sales GTM.
• BayWa r.e. AG: German-headquartered global developer of wind, solar, and storage projects with project sales and IPP operations. Comparable in multi-technology development, geographic reach, and combined developer/operator model.
• ABO Wind AG: German renewable energy project developer focused on wind and solar project development, including development services and grid integration. Highly comparable to PNE's onshore wind and PV development business and German mid-market developer positioning.

Broad incumbents

• RWE AG: One of Europe's largest utilities with significant renewable (offshore/onshore wind, solar) and hydrogen operations. Competes with PNE in German onshore wind auctions and offshore wind development, but operates at much larger scale and integrated utility business.
• EDF Renewables: International renewable energy developer and operator under Électricité de France, active in wind, solar, and hydrogen across Europe and beyond. Competes with PNE in offshore wind development and industrial decarbonization projects globally.
• Iberdrola Renovables: Global renewable energy developer/operator with large-scale wind and solar portfolios across Europe, North America, and Latin America. Comparable in offshore wind development and global renewable IPP strategy.
• EnBW Energie Baden-Württemberg AG: German integrated utility with major renewable energy, offshore wind, and hydrogen initiatives. Competes with PNE in German onshore wind tenders and offshore wind development from a much larger balance sheet.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/wkn---windkraft-nord-ag

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WKN