Eolus appoints Veidekke as balance of plant contractor for wind farms Kråktorpet and Nylandsbergen

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

Eolus appoints Veidekke as balance of plant contractor for wind farms
Kråktorpet and Nylandsbergen

Hässleholm, Sweden, 2018-01-05 12:00 CET (GLOBE NEWSWIRE) -- 


Eolus has signed an agreement with Veidekke regarding design and construction
of roads, foundations and internal electrical grid for the wind farms
Kråktorpet and Nylandsbergen. The agreement is a turn-key construction contract
for the wind farms comprising a total of 232 MW. 

On December 23, 2017, Eolus announced, through a press release, a sales
agreement with Aquila Capital regarding wind farms Kråktorpet and Nylandsbergen
comprising 61 wind turbines, with a capacity of 232 MW. Eolus has also signed a
turbine supply agreement with Vestas for both wind farms. 

Eolus has now signed a balance of plant contract with Veidekke which includes
construction of roads, crane pads, foundations, internal electrical grid and
communication network for Kråktorpet and Nylandsbergen. Construction begins in
January 2018 and is expected to be completed in April 2019. 

Both Kråktorpet and Nylandsbergen are located close to wind farm Jenåsen which
Eolus currently is constructing in Sundsvall municipality. Jenåsen comprises 23
wind turbines with an installed capacity of 79 MW. Veidekke is responsible for
construction services in this wind farm as well and construction works are
expected to be completed during February 2018. 

For further information contact:
Per Witalisson, CEO, +46 10 199 88 02
Johan Hammarqvist, head of communications, +46 10 199 88 10

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