{"id":19194,"date":"2014-07-01T08:30:03","date_gmt":"2014-07-01T06:30:03","guid":{"rendered":"https:\/\/www.eolus.com\/blog\/mfn_news\/eolus-enters-the-finnish-wind-power-market-by-acquiring-two-projects-under-development\/"},"modified":"2024-02-06T12:58:49","modified_gmt":"2024-02-06T11:58:49","slug":"eolus-enters-the-finnish-wind-power-market-by-acquiring-two-projects-under-development","status":"publish","type":"mfn_news","link":"https:\/\/www.eolus.com\/en\/blog\/mfn_news\/eolus-enters-the-finnish-wind-power-market-by-acquiring-two-projects-under-development\/","title":{"rendered":"Eolus enters the Finnish wind power market by acquiring two projects under development"},"content":{"rendered":"
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Eolus Vind AB\nCompany Announcement\n\nEolus enters the Finnish wind power market by acquiring two projects under\r\ndevelopment\n\nHässleholm, 2014-07-01 08:30 CEST (GLOBE NEWSWIRE) -- \r\n\r\nEolus Vind AB’s expansion outside Sweden continues with startup of the Finish\r\nsubsidiary Eolus OY. As a first move in the expansion to the Finnish market\r\nEolus OY has acquired two wind power projects under development from the\r\nproject developer Auria Wind OY. \r\n\r\nBesides Sweden where Eolus so far has established more than 430 wind turbines\r\nEolus also have business activities in Norway, Estonia and Latvia. The\r\nexpansion to Finland which is a less mature market than the Swedish market is\r\npartly a result of the credible support system for wind power that now exists\r\nin the country. \r\n-Through its feed in tariffs Finland has gotten a stable framework for\r\nincreased renewable energy production from wind power. This attracts investors\r\nseeking long-term investments with stable cash flows. For us as one of the\r\nleading and most experienced project developers in Sweden and the Nordic\r\ncountries, it is a natural step to follow our customers says Per Witalisson,\r\nCEO of Eolus. \r\n\r\nThe two wind power projects acquired by Eolus OY are in the application process\r\nand are located in southwestern Finland. Together the projects Loimaa-Alastaro\r\nand Huittinen holds sites for 15 wind turbines with a total capacity of\r\napproximately 50 MW. \r\n-This acquisition gives us a good start in an interesting market where Eolus\r\nlong experience will provide the market with attractive wind farms says Per\r\nWitalisson. \r\n\r\nFor further information contact:\r\nPer Witalisson, CEO, +46 10 199 88 02\r\nJohan Hammarqvist, head of communications, +46 10 199 88 10\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 entire value chain from development of green field projects to\r\nestablishment 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 established over 430 wind\r\nturbines of the approximately 2 700 wind turbines operating in Sweden. The\r\nEolus Group currently owns and operates an installed capacity of 62 MW and a\r\nyearly electricity production of 152 GWh. Eolus Vind AB has approximately 3 000\r\nshareholders. Eolus shares are listed at NASDAQ OMX First North in Stockholm\r\nwith Erik Penser Bankaktiebolag as certified adviser. \r\n\r\nFor more information about Eolus, please visit www.eolusvind.com<\/pre>\n
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