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Eolus announces the sale of seven wind turbines to KGAL

Eolus Vind AB
Company Announcement

Eolus announces the sale of seven wind turbines to KGAL

Hässleholm, Sweden, 2016-12-23 08:30 CET (GLOBE NEWSWIRE) -- 

Eolus has signed an agreement with German asset- and investment manager KGAL
regarding the sale of two wind farms totaling 15.4 MW. The purchase price
amounts to EUR 22 million. 

The transaction is regarding seven Vestas V100 2.2 MW located in two wind farms
in southern Sweden. Four turbines will be constructed in wind farm Gunillaberg
in Jönköping municipality and three turbines will be constructed in wind farm
Lunna in Askersund municipality. Delivery of the turnkey facilities is expected
in August of 2017. 

As part of the agreement Eolus has been entrusted to provide technical,
operational and administrative services for both wind farms in order to
maximize outcome and production from the facilities. 

-I am very happy that KGAL has chosen Eolus as its partner for this investment
in the Swedish wind energy market. The transaction once again shows that Eolus
can offer attractive investments opportunities as well as competitive asset
management of wind power facilities says Eolus CEO Per Witalisson. 

-The facilities will give KGAL:s institutional investors long-term stable
return whilst also benefiting society adding clean electricity production and
strengthening the local economy says Eolus deputy CEO Marcus Landelin. 

The transaction, which includes all shares in the two companies owning the
respective wind farm, is subject to fulfillment of a number of conditions
before closing. 

For further information contact:
Per Witalisson, CEO, +46 10 199 88 02
Marcus Landelin, deputy CEO, +46 10 199 88 16
Johan Hammarqvist, head of communications, +46 10 199 88 10

The information in this press release is disclosed pursuant to the EU Market
Abuse Regulation. The information was released for public disclosure through
the agency of head of communication Johan Hammarqvist on December 23rd 2016, at
8.30 AM CET. 

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 nearly 500 wind
turbines of the approximately 3 300 wind turbines operating in Sweden. The
Eolus Group currently owns an installed capacity of 38 MW and a yearly
electricity production of 89 GWh. Eolus operates approximately 300 MW for
customers and the company itself. 

Eolus Vind AB has approximately 5 000 shareholders. Eolus shares are listed at
Nasdaq Stockholm. 

For more information about Eolus, please visit www.eolusvind.com

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