Eolus Vind AB
Company Announcement
Eolus acquires wind power project in Finland
Hässleholm, Sweden, 2015-04-09 18:00 CEST (GLOBE NEWSWIRE) --
Eolus expands its operations in Finland by acquiring a stake of 30 MW in the
wind power project Pörtom in Närpes in Ostrobothnia. Eolus Finnish subsidiary
buys all shares in the company Triventus Pörtom Wind Oy for 500 TEUR from
Triventus.
The part of the project that Eolus acquires includes locations for nine wind
turbines with a total capacity of approximately 30 MW. The remaining part of
the project comprising of ten additional wind turbines is owned by the Swedish
energy intensive industry, through the wind power company VindIn. Eolus and
Vindin has entered into a cooperation agreement regarding the remaining project
development.
Complete decision from the authorities regarding the project is expected during
the 2015.
The agreement with Triventus contains terms of future additional purchase price
subject to conditions of the project being realized with a certain
profitability. In connection with the transfer, the acquired company's name
will be changed to Eolus Pörtom Wind Oy.
Since before Eolus has business activities in Finland through development of
the projects Loimaa-Alastaro and Huittinen which together comprise of
approximately 50 MW.
For further information contact:
Per Witalisson, CEO, +46 10 199 88 02
Johan Hammarqvist, head of communications, +46 10 199 88 10
Eolus Vind AB discloses the information provided herein pursuant to the Swedish
Securities Markets Act and/or the Swedish Financial Instruments Trading Act.
The information was submitted for publication on April 9th 2015 at 6 PM.
About Eolus:
Eolus Vind AB is one of the leading wind power developers in Sweden. Eolus is
active in the whole value chain from development of green field projects to
construction and operation of wind farms. Eolus offers attractive and
competitive investments in the Nordic and Baltic countries to both local and
international investors. Founded in 1990, Eolus has constructed 477 wind
turbines of the approximately 3 000 wind turbines operating in Sweden. The
Eolus Group currently owns and operates an installed capacity of 68 MW and a
yearly electricity production of 167 GWh. Eolus Vind AB has approximately 3 500
shareholders. Eolus shares are listed at NASDAQ Stockholm.
For more information about Eolus, please visit www.eolusvind.com
