PNE AG has sold the 25.2 MW Bokel wind farm in Lower Saxony to an investment fund managed by Union Investment. The project includes seven wind turbines and was commissioned in April 2025, supplying clean electricity for around 17,800 three-person households annually.

The deal signals a sharper buyer preference in Germany wind farm M&A: institutional capital is moving toward small, operational wind assets where construction, permitting, and grid risks are already removed.

PNE is not exiting the asset completely. Its subsidiary energy consult will continue technical and commercial operations until at least end-2029. That matters commercially because buyers gain operating continuity, while PNE recycles capital without losing its local presence.

Similar patterns appeared in Germany’s recent wind deal flow, where investors such as Qualitas Energy, Encavis, and SachsenEnergie targeted mostly sub-20 MW operational or near-operational wind projects supported by Germany’s EEG framework. Enerdatics noted that Germany dominated European onshore wind M&A in Q3 2025 through these smaller, de-risked trades.

For PNE, Bokel supports balance-sheet flexibility while it continues expanding its IPP portfolio. For Union Investment, the asset offers long-term infrastructure exposure with operating support already embedded.

Want to track the latest M&A, financings, PPAs, and key developments across the industry? Explore the Enerdatics Insights page.