{"id":19071,"date":"2015-12-03T12:00:00","date_gmt":"2015-12-03T11:00:00","guid":{"rendered":"https:\/\/www.eolus.com\/blog\/mfn_news\/eolus-to-build-new-wind-farm-that-will-supply-googles-finnish-data-center-with-renewable-electricity\/"},"modified":"2024-02-20T12:23:41","modified_gmt":"2024-02-20T11:23:41","slug":"eolus-to-build-new-wind-farm-that-will-supply-googles-finnish-data-center-with-renewable-electricity","status":"publish","type":"mfn_news","link":"https:\/\/www.eolus.com\/en\/blog\/mfn_news\/eolus-to-build-new-wind-farm-that-will-supply-googles-finnish-data-center-with-renewable-electricity\/","title":{"rendered":"Eolus to build new wind farm that will supply Google\u00b4s Finnish data center with renewable electricity"},"content":{"rendered":"
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Eolus Vind AB\nCompany Announcement\n\nEolus to build new wind farm that will supply Google´s Finnish data center with\r\nrenewable electricity\n\nHässleholm, Sweden, 2015-12-03 12:00 CET (GLOBE NEWSWIRE) -- \r\n\r\n\r\nEolus today announced that it has entered into a power purchase agreement with\r\nGoogle. Google will purchase all of the clean, renewable electricity generated\r\nby the new 76 MW wind farm at Jenåsen in Sweden, which is scheduled to enter\r\ninto operation in early 2018. \r\n\r\nOver the 10-year duration of the Power Purchase Agreement (PPA), Google will\r\npurchase all renewable electricity produced from the wind farm as well as the\r\nassociated Guarantees of Origin (“GoOs”). \r\n\r\nThe long-term nature of the PPA contract ensures that Eolus will be able to\r\nstart the construction of the wind farm in 2016 and that Eolus can offer\r\ninvestors an interesting investment opportunity. \r\n\r\n-Google´s commitment to carbon neutrality is commendable and we are very\r\npleased to help Google, as one of the leading corporations in the world, meet\r\nits long term-term renewable energy and sustainability goals. We are also very\r\nhumble, yet proud, for the fact that Google once again signs a PPA with Eolus\r\nto provide the data center in Finland with renewable electricity says Per\r\nWitalisson, CEO of Eolus. \r\n\r\n-This long term power purchase agreement is a great example of our continued\r\ncommitment to providing 100% renewable power to our data centers,” said Marc\r\nOman, EMEA Energy Strategist at Google. -It makes great financial sense for\r\nGoogle to enter into such contracts, not only because they give us long-term\r\nprice certainty, but also because they increase the amount of renewable energy\r\ngeneration capacity in the grid, and further reduces our carbon footprint. \r\n\r\n- Eolus is one of the most active developers building new wind power in Sweden\r\nand we are very familiar with the region where Jenåsen will be constructed - we\r\nhave more than 325 additional MW in late stage development in the surroundings.\r\nThe construction of Jenåsen is the key to unbundle these other large scale so\r\nthis second deal with Google means a lot not only in itself but also for\r\nfacilitating future development of new clean wind energy projects says\r\nHans-Christian Schulze Sales Director at Eolus. \r\n\r\nThis is the second PPA for wind energy between Eolus and Google. The first was\r\nsigned in January 2014 regarding all electricity produced from 59 MW installed\r\ncapacity in four wind farms in southern Sweden that were  commissioned in 2014\r\nand 2015. \r\n\r\n\r\nFor further information contact:\r\nPer Witalisson, CEO, +46 10 199 88 02\r\nHans-Christian Schulze, Sales Director, +46 10 199 88 05\r\nJohan Hammarqvist, head of communications, +46 10 199 88 10\r\n\r\n\r\nEolus Vind AB discloses the information provided herein pursuant to the Swedish\r\nSecurities Markets Act and\/or the Swedish Financial Instruments Trading Act.\r\nThe information was submitted for publication on December the 3rd 2015 at 12.00\r\n(CET). \r\n\r\n\r\nAbout Eolus:\r\nEolus Vind AB is one of the leading wind power developers in Sweden. Eolus is\r\nactive in the whole value chain from development of green field projects to\r\nconstruction and operation of wind farms. Eolus offers attractive and\r\ncompetitive investments in the Nordic and Baltic countries to both local and\r\ninternational investors. Founded in 1990, Eolus has constructed 477 wind\r\nturbines of the approximately 3 100 wind turbines operating in Sweden. The\r\nEolus Group currently owns and operates an installed capacity of 58 MW and a\r\nyearly electricity production of 144 GWh. Eolus Vind AB has approximately 4 100\r\nshareholders. Eolus shares are listed at NASDAQ Stockholm. \r\n\r\nFor more information about Eolus, please visit www.eolusvind.com<\/pre>\n
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