Hässleholm, Sweden, 2017-01-25 15:00 CET (GLOBE NEWSWIRE) --

Eolus has completed wind farm Iglasjön in Kungsbacka municipality. All conditions for the completion of the transaction between Eolus and MEAG, asset manager of Munich Re, regarding the sale of the wind farm comprising 26.4 MW have been fulfilled and the buyer has taken over the facility.

In December 2015 Eolus signed an agreement with MEAG regarding the sale of two wind farms to Munich Re. Wind farm Jung-Åsa comprising 12 MW was handed over to the buyer in January 2016. All conditions for the fulfillment of the part of the transaction regarding the turn key wind farm Iglasjön comprising 8 Vestas V112 3.3 MW wind turbines have been met, payment have occurred and the buyer has taken over the facility. Eolus will deliver technical and administrative services for the wind farm.

With the completion of wind farm Iglasjön Eolus has reached 500 constructed wind turbines since the company was founded in 1990.

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


The information in this press release is disclosed pursuant to the EU Market Abuse Regulation. The information was released for public disclosure through the agency of head of communication Johan Hammarqvist on January 25th 2017, at 3.00 PM CET.

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 nearly 500 wind turbines of the approximately 3 300 wind turbines operating in Sweden. The Eolus Group currently owns an installed capacity of 27 MW and a yearly electricity production of 60 GWh. Eolus operates approximately 300 MW for customers and the company itself.

Eolus Vind AB has approximately 5 000 shareholders. Eolus shares are listed at Nasdaq Stockholm.

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