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Swedish wind farms Gunillaberg and Lunna has been handed over to KGAL

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

Swedish wind farms Gunillaberg and Lunna has been handed over to KGAL

Hässleholm, Sweden, 2017-08-31 16:00 CEST (GLOBE NEWSWIRE) -- 


Eolus has completed wind farms Gunillaberg and Lunna in Jönköping and Askersund
municipalities. All conditions for the completion of the transaction between
Eolus and the German asset- and investment manager KGAL regarding the sale of
the wind farms comprising 15.4 MW have been fulfilled and the buyer has taken
over the facilities. 

In December 2016 Eolus signed an agreement with KGAL regarding the sale of the
two wind farms Gunillaberg and Lunna in southern Sweden comprising seven Vestas
V100 2.2 MW wind turbines. Gunillaberg comprises four wind turbines and Lunna
comprises three wind turbines. All conditions for the fulfillment of the
transaction regarding the turn key wind farms have been met, payment have
occurred and the buyer has taken over the facilities. 

Eolus will deliver asset management services for the wind farms.

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 August 31st 2017, at 4
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 nearly 500 wind
turbines of the approximately 3 300 wind turbines operating in Sweden. The
Eolus Group currently owns an installed capacity of 17 MW and a yearly
electricity production of 38 GWh. Eolus operates approximately 350 MW for
customers and the company itself. 

Eolus Vind AB has approximately 5 800 shareholders. Eolus shares are listed at
Nasdaq Stockholm. 

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

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