PNE has sold a 91 MW onshore wind portfolio in Germany to Qualitas Energy, combining under-construction assets with longer-dated development options across Hesse, Rhineland-Palatinate, and Brandenburg. The portfolio is backed by a 20-year feed-in premium under the EEG, providing long-term revenue visibility.

The key insight is the deal structure, not the megawatts. PNE is monetizing value through a turnkey handover, retaining full responsibility until turbines are installed, tested, and grid-connected. Qualitas only assumes control at a fully de-risked point, while securing future development rights over the remaining pipeline.

Three projects totaling 40.6 MW will be delivered on a turnkey basis, with PNE managing permitting, turbine procurement, construction, and grid connection. This pushes execution and construction risk back to the seller, allowing the buyer to underwrite assets that are effectively cash-flow ready under the EEG regime.

The remaining 50.4 MW sits in development, where Qualitas acquires project rights without near-term build obligations. This gives the buyer medium-term pipeline control without early capital lock-up, while allowing PNE to recycle development capital earlier in the value chain.

Commercially, this reflects a disciplined sell-down strategy in Germany’s onshore wind market. Late-stage certainty is being bundled with future optionality, allowing developers to extract value while buyers pay for execution-ready assets rather than raw development risk.

Want to stay updated on the latest renewable energy deals and strategies shaping the future of power?
Explore our latest insights, project updates, and more at Enerdatics.
Don’t forget to subscribe to our newsletter for real-time updates.