History & Name
When Eolus was founded in 1990, we were a forerunner. We can with humility and pride state that we paved the way for the commercialization of the wind power industry in Sweden. Deeply rooted in the Skåne earth, we lifted our gaze with a vision of a sustainable future. From small-scale, innovative electricity production in close collaboration with visionary customers, we have become an international company with projects and operations in both Europe and the US.
Timeline
1990 Eolus is founded by Bengt Simmingsköld in Osby, as the first commercial wind power company in Sweden.
1991 The first 0.2 MW turbine installed on Öland.
1996 The first 0.6 MW turbine installed on Gotland.
2002 The first 1.8 MW turbine established in Skåne.
2004 The company moves to Hässleholm. The same year, our 100th wind turbine is installed.
2006 Eolus constructs its first wind turbines in Estonia.
2009 Eolus listed on Nasdaq OMX First North. The 200th wind turbine is completed.
2011 Eolus expands to Latvia.
2012 Per Witalisson appointed CEO of Eolus after working as CFO between 2006 and 2012. The company expands to Norway during the year.
2013 Eolus establishes its 400th wind turbine.
Repowered Wind Wall project in the US, completed in 2021
2014 Eolus enters Finland through the acquisition of two projects under development. Permit obtained for the Øyfjellet wind power project.
2015 Eolus’s Class B share is listed on Nasdaq Stockholm. Eolus enters the US market and acquires two wind power projects in the state of Nevada.
2017 The company’s business concept is broadened to include not only wind power but also other forms of renewable electricity generation and energy storage. Eolus establishes its 500th turbine.
2018 Eolus continues to expand in the US through the acquisition of an early-phase solar energy and battery storage project.
2019 Construction start-up for the Wind Wall 1 repowering project in the US. Amazon Web Services, Inc signs a Power Purchase Agreement. Eolus now has operations in Sweden, Norway, Finland, Estonia, Latvia and the US.
2020 Eolus initiates construction of its largest project to date – the Øyfjellet wind farm in Norway, with 72 turbines. In the same year, Eolus completes its 600th wind turbine.
2021 Eolus expands to Poland and completes first project in the US: Wind Wall, a repowering project in which 13 new wind turbines replaced nearly 400 old turbines while generating four times more electricity.
2022 Eolus divests a battery project with a capacity of 120 MW and a solar and battery project with a capacity of 750 MW in the US. The 42 turbine (260 MW) Stor-Skälsjön project in Sweden is divested to MEAG and construction of the project starts together with the co-owner Hydro Rein.
2023 The Øyfjellet project in Norway is completed and the Swedish Skallberget, Utterberget, Tjärnäs and Rosenskog projects are divested to Swiss BKW. Eolus completes development of its first battery project, Cald, in Los Angeles, US, and makes investment decision for the 100 MW Pome battery storage project in San Diego, US. Eolus has now constructed more than 700 wind turbines.
2024 Eolus makes investment decision on the Fågelås, Dållebo and Boarp wind projects. We presents a sustainability strategy for the period to 2040 and published a children’s book about renewable energy.
2025 Eolus divests the 100 MW Pome BESS project in San Diego, US and completes construction of the project by year-end. The company’s first green bonds are issued and Eolus Vind changes name to Eolus to reflect the full scope of the company’s international operations within renewable energy. The Pienava and Fageråsen projects are sold during the year. In total, Eolus has now constructed more than 800 wind turbines and one battery storage project.
About the name
Eolus (iˈoːlʊs) is an older Swedish form of the name of the wind god in Greek mythology, Aiolos. In The Odyssey, he lived on the island Aeolia and ruled the winds.