2007: Joint ventures in Hungary, Bulgaria and Turkey

In 2007, PNE continued its international expansion activities by establishing joint ventures with local project developers in Hungary, Bulgaria and Turkey. The aim was to open up new markets at an early stage and build wind farm projects with experienced partners. 

In Hungary, a partnership was formed with GM Umwelt- und Energiewirtschaft GmbH. Nine wind farms featuring up to 130 wind turbines and capable of generating a total output of around 260 megawatts were planned. In Turkey, where the project volume ran to 450 megawatts, PNE cooperated with Türkwind Energie Ltd. In Bulgaria, a joint venture was established with Bul-Energy OOD, which included wind farms with a total output of up to 250 megawatts. 

The underlying conditions in these three countries were promising, with the accession of Hungary and Bulgaria to the EU promoting the expansion of renewable energies. There were also suitable locations, while investment incentives such as shorter approval periods created attractive conditions. State assistance, such as the Turkish law passed in 2005, which was based on German legislation, also supported successful market entry.