PNE (PNE3) Company Presentation summary

Company profile and business model

• Over 25 years of experience in renewable energy project development, active in 14 countries across 4 continents.

• Leading wind farm developer and O&M manager in Germany, with more than 2,900 MW under management and over 6,500 MW/MWp of projects realized.

• Internally operated wind portfolio of 370 MW, with 276 MW under construction and expansion plans in France and Poland.

• Business model spans project development (wind, PV, hybrid), electricity generation (targeting 1,500 MW/MWp by 2027), and services (technical/commercial management, PPAs).

• Full value chain coverage from site acquisition to operations management, enabling diverse growth and stable recurring income.

Market environment

• Global push for energy independence, ESG trends, and accelerated electrification drive demand for renewables.

• Market faces challenges such as political uncertainty, grid bottlenecks, and rising costs, but offers significant growth opportunities.

• Medium- and long-term forecasts predict strong growth in renewable electricity generation worldwide.

• New technologies like battery storage, hydrogen, and power-to-X open additional market opportunities beyond electricity generation.

Strategic initiatives and growth targets (Scale Up 2.0)

• Aims to expand internal generation portfolio to 1,500 MW/MWp and project pipeline to over 20 GW/GWp by 2027.

• Plans to invest €1.6 billion in internal portfolio and further in new markets and technologies by 2027.

• EBITDA target of over €150 million in 2027, up from €39.9 million in 2023.

• Focus on expanding wind and PV in Germany, France, Poland, Italy, and Spain, with criteria including stable policy and tariffs.

• Strengthening commitment to future technologies such as power-to-liquid, power-to-gas (hydrogen), storage, and hybrid projects.