The company placed 8% corporate debt with institutional and private investors on 10 May 2013, the company said in its statement.

It further added that the total volume of placement will be determined by 17 May after receiving the last subscription applications.

Meanwhile, PNE Wind spokesperson Rainer Heinsohn told Bloomberg that the company raised the funds to facilitate its 54% stake acquisition of WKN.

Heinsohn further added that the company would have raised a maximum of €100m.