Eolus sells 14 wind turbines to Munich Re

Hässleholm, SWEDEN

Hässleholm, 2013-05-23 10:30 CEST (GLOBE NEWSWIRE) --

Eolus Vind AB and MEAG have today signed an agreement regarding sales of 14 wind turbines (30 MW) with an expected yearly energy production of roughly 80 GWH to Munich Re.

The agreement concerns the wind farms Hakarp, Kaptensberget and Åsen, all of them established and taken into operation by Eolus during 2012 and 2013.

The transaction is subject to fulfillment of a number of conditions before closing, which is expected to occur in July. As part of the transaction, Eolus shall operate and manage the wind farms on behalf of MEAG.

-We are very proud of the trust that MEAG, one of Europe´s largest investors, shows when choosing Eolus as their partner when entering the Nordic energy market, says Per Witalisson, CEO of Eolus Vind AB. The agreement is also a confirmation of our efforts to offer competitive asset management services have been successful and are suitable both for local investors as well as large international institutional investors.

About MEAG:
MEAG stands for best practice asset management for Munich Re and ERGO. MEAG is represented in Europe, Asia and North America and also offers its extensive know-how to institutional investors and private clients from outside the Group. MEAG currently manages assets to the value of around € 239 billion.

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 value chain from development of green field projects to establishment and operation of wind farms. Eolus offers attractive and competitive investments both to local and international investors in the Nordic and Baltic countries. Founded in 1990, Eolus has established over 400 wind turbines of the approximately 2 400 wind turbines operating in Sweden. The Eolus Group currently owns and operates 62 wind turbines with an installed capacity of 99 MW and a yearly electricity production of 251 GWh. Eolus Vind AB has approximately 3 100 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




130523 Press release Eolus sells 14 wind turbines to Munich Re.pdf