Priority projects

As establishments become fewer but larger, there is a growing need for a clear focus on those projects that best match the market’s demands for new generation facilities. Eolus’s strategic focus will therefore concentrate on the development, establishment and divestment of a number of high-priority projects in coming years, i.e. those with the best conditions to be realized at the lowest cost per megawatt-hour. To highlight information about the status of these high-priority projects, they will be given a separate heading in Eolus’s interim reports. The same information will be presented on Eolus’s website. The website will be updated quarterly following the publication of quarterly reports, or due to other significant project events announced via press release.

The following are currently our high-priority projects for the coming years. However, the summary does not rule out the establishment of other projects from Eolus’s high-quality project portfolio
that meet investors’ demands and requirements. The estimated transaction volume of these specific high-priority projects is about SEK 9 billion.

 

Project Location Number of WTG Capacity, MW Estimated production, GWh Planned commisioning Comment
Nylandsbergen Sundsvall, Sverige, SE2 18 68,4 230-250 2019 The wind farm is sold to Aquila Capital who will take over the facility upon completion which is expected to be in the second half of 2019. Turbine supply agreement signed with Vestas. Agreement regarding grid connection signed with E.ON Elnät and a balance of plant contract signed with Veidekke.
Kråktorpet Sundsvall, Sverige, SE2 43 163,4 550-590 2019 The wind farm is sold to Aquila Capital who will take over the facility upon completion which is expected to be in the second half of 2019. Turbine supply agreement signed with Vestas. Agreement regarding grid connection signed with E.ON Elnät and a balance of plant contract signed with Veidekke. Aquila will provide construction financing.
Wind wall Tehachapi, Kalifornien, USA 11-12 38-40 135-145 2019 Repowering project. Full-value production tax credit granted for the project. Sales process initiated.
Stigafjellet Bjerkreim, Norge, NO2 8-9 30 110-130 2019 Fully concessioned. Grid capacity reserved. The wind farm is sold to ewz who will take over the facility upon completion which is expected to be in the second half of 2020.
Sötterfällan Jönköping, Sverige, SE3 10 36 125-135 2019 The wind farm is sold to KGAL who will take over the facility upon completion which is expected to be in the summer of 2019. Turbine supply agreement signed with Vestas.
Bäckhammar Kristinehamn/Degerfors, Sverige, SE3 30 100-130 350-400 2019 Fully permitted. Turbine procurement process initiated. Sales process initiated.
Öyfjellet Vefsn, Norge, NO4 80-100 330 1200-1500 2021 Fully concessioned. Grid capacity reserved. Fifteen-year Power Purchase Agreement with Alcoa. Sales process initiated. NVE has granted an increase in the consession from 330 MW to 400 MW.