Hässleholm, Sweden, 2017-08-31 16:00 CEST (GLOBE NEWSWIRE) --

Eolus has completed wind farms Gunillaberg and Lunna in Jönköping and Askersund municipalities. All conditions for the completion of the transaction between Eolus and the German asset- and investment manager KGAL regarding the sale of the wind farms comprising 15.4 MW have been fulfilled and the buyer has taken over the facilities.

In December 2016 Eolus signed an agreement with KGAL regarding the sale of the two wind farms Gunillaberg and Lunna in southern Sweden comprising seven Vestas V100 2.2 MW wind turbines. Gunillaberg comprises four wind turbines and Lunna comprises three wind turbines. All conditions for the fulfillment of the transaction regarding the turn key wind farms have been met, payment have occurred and the buyer has taken over the facilities.

Eolus will deliver asset management services for the wind farms.

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 August 31st 2017, at 4 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 17 MW and a yearly electricity production of 38 GWh. Eolus operates approximately 350 MW for customers and the company itself.

Eolus Vind AB has approximately 5 800 shareholders. Eolus shares are listed at Nasdaq Stockholm.

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