Eolus enters the Finnish wind power market by acquiring two projects under development

Eolus Vind AB
Company Announcement

Eolus enters the Finnish wind power market by acquiring two projects under
development

Hässleholm, 2014-07-01 08:30 CEST (GLOBE NEWSWIRE) -- 

Eolus Vind AB’s expansion outside Sweden continues with startup of the Finish
subsidiary Eolus OY. As a first move in the expansion to the Finnish market
Eolus OY has acquired two wind power projects under development from the
project developer Auria Wind OY. 

Besides Sweden where Eolus so far has established more than 430 wind turbines
Eolus also have business activities in Norway, Estonia and Latvia. The
expansion to Finland which is a less mature market than the Swedish market is
partly a result of the credible support system for wind power that now exists
in the country. 
-Through its feed in tariffs Finland has gotten a stable framework for
increased renewable energy production from wind power. This attracts investors
seeking long-term investments with stable cash flows. For us as one of the
leading and most experienced project developers in Sweden and the Nordic
countries, it is a natural step to follow our customers says Per Witalisson,
CEO of Eolus. 

The two wind power projects acquired by Eolus OY are in the application process
and are located in southwestern Finland. Together the projects Loimaa-Alastaro
and Huittinen holds sites for 15 wind turbines with a total capacity of
approximately 50 MW. 
-This acquisition gives us a good start in an interesting market where Eolus
long experience will provide the market with attractive wind farms says Per
Witalisson. 

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 entire value chain from development of green field projects to
establishment 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 established over 430 wind
turbines of the approximately 2 700 wind turbines operating in Sweden. The
Eolus Group currently owns and operates an installed capacity of 62 MW and a
yearly electricity production of 152 GWh. Eolus Vind AB has approximately 3 000
shareholders. Eolus shares are listed at NASDAQ OMX First North in Stockholm
with Erik Penser Bankaktiebolag as certified adviser. 

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