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Eolus places order for 74 wind turbines, 279 MW with Vestas

Eolus Vind AB
Other information disclosed according to the rules of the Exchange

Eolus places order for 74 wind turbines, 279 MW with Vestas

Hässleholm, Sweden, 2017-12-29 14:30 CET (GLOBE NEWSWIRE) -- 


Eolus has signed an agreement with Vestas regarding delivery of 74 wind
turbines of the model V136 with a capacity of 279 MW for four wind farms in
Sweden. The wind turbines will be constructed in the wind farms Kråktorpet,
Nylandsbergen, Sötterfällan and Anneberg. 

61 wind turbines have a capacity of 3.8 MW each. Thereof, 43 will be
constructed in wind farm Kråktorpet and 18 will be constructed in wind farm
Nylandsbergen. These two wind farms are covered by the sales agreement signed
with Aquila Capital and which was announced by Eolus in a press release on
December 23. Commissioning is expected during the second half of 2019. The
projects are located close to wind farm Jenåsen that is currently under
construction by Eolus in Sundsvall municipality. 

13 wind turbines have a capacity of 3.6 MW each. Thereof, 10 will be
constructed in wind farm Sötterfällan and 3 will be constructed in wind farm
Anneberg. These wind farms are covered by the sales agreement signed with KGAL
which was announced by Eolus in a press release on December 22. Commissioning
of Sötterfällan is expected during the summer of 2019 and commissioning of
Anneberg is expected during December 2018. 

All four wind farms have full service agreements for 15-20 years from
commissioning. 

-Eolus’ objective is to establish high-quality wind farms with the lowest
possible cost of energy over the lifetime. In a market with an extremely fast
technical development, long term partnerships with world class turbine
suppliers like Vestas is an absolute key to success. This deal is based on a
long trustful cooperation between our companies and Vestas has shown great
flexibility to meet the projects specific requirements, says Eolus CEO Per
Witalisson. 

-As the largest order to date between Eolus and Vestas, we are delighted to
reaffirm our strong and long-standing relationship. These projects also
underline Vestas’ product portfolio’s flexibility and our ability to tailor our
solutions to customer needs says Christer Baden Hansen, Vestas Head of Sales
Nordics. 

For further information contact:
Per Witalisson, CEO, +46 10 199 88 02
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 29, 2017, at
2.30 PM 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 more than 500
wind turbines of the approximately 3 400 wind turbines operating in Sweden. The
Eolus Group currently owns an installed capacity of 18 MW and a yearly
electricity production of 40 GWh. Eolus operates approximately 350 MW for
customers and the company itself. 

Eolus Vind AB has approximately 6 600 shareholders. Eolus shares are listed at
Nasdaq Stockholm. 

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

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