Aug 10 (Reuters) - German renewable project developer PNE

on Monday said that interest received so far in its

sale process indicated potential buyers were unwilling to match

its market valuation, casting doubts on whether a transaction

would materialise.

A sale of the company could fetch more than €1 billion

($1.15 billion), Reuters reported in June.

* PNE, which has a market capitalization of €757.61 million,

is 50.06% owned by a fund managed by Morgan Stanley

Infrastructure Partners, according to LSEG data.

* "It is currently uncertain whether a transaction will

materialise and what its terms would be," PNE said.

* The development comes as the Morgan Stanley Infrastructure

Partners fund seeks to cash in on the PNE stake after a previous

sale effort ended without success.

* Reuters reported last year that Morgan Stanley ( MS ) was working

with Goldman Sachs ( GS ) to explore a sale. Other shareholders

were also prepared to sell, sources have said.

* PNE has a 21.7-gigawatt pipeline of wind and solar

projects, with more than half in core markets Germany, France

and Poland.

* Multiple companies have eyed PNE in the past, including

Switzerland's Partners Group and Canada's CPPIB,

Reuters reported.

($1 = 0.8663 euros)