PNE Wind sells ‘Nautilus II’ rights to SSP Technology

Wind-farm developer PNE Wind has sold all rights to the offshore wind farm project ‘Nautilus II’, which is currently in the planning and approval phase, to SSP Technology Holding.

SSP Technology, a company of Ventizz Capital Funds IV, acquires all shares of the project company ‘PNE Wind Nautilus II GmbH’.

Eighty wind turbines, with a nominal output of up to 7MW per turbine, are planned for Nautilus II, to produce an overall wind-farm output of up to 560MW.

The project site is located in the North Sea, within the exclusive economic zone of the Federal Republic of Germany about 180km north-west of Helgoland.