PNE AG terminates activities in Panama through management buyout

Cuxhaven, 19 December 2025 – PNE AG sells its entity in Panama. The long-standing Managing Director acquires the service company and six wind energy and photovoltaic projects through a management buyout.

This marks the end of the PNE Group's involvement, which began in 2018, and completes its announced strategic exit from the market. In the third quarter of 2025, PNE had already sold one wind energy project and two photovoltaic projects to a US energy supplier.

‘With this sale, we have now completed our exit from the Panamanian market as planned at the end of 2025. We regularly review our international activities and focus on profitable core markets,’ says Heiko Wuttke, CEO of PNE AG. ‘We would like to express our sincere gratitude to our Managing Director in Panama for his many years of dedication and valuable work in establishing the business there. We wish him and his team continued success and all the best for the future.‘