Eolus sale of 14 wind turbines to Munich Re has been completed

Hässleholm, SWEDEN

Hässleholm, 2013-07-11 17:40 CEST (GLOBE NEWSWIRE) --

All conditions for the completion of the transaction between Eolus and MEAG regarding sales of 14 wind turbines to Munich Re have been fulfilled and the transaction has been completed.

On May 23rd an agreement was signed regarding sales from Eolus to MEAG, Munich Re:s asset manager, of the three Swedish wind farms Hakarp, Kaptensberget and Åsen. The wind farms have an installed capacity of 30 MW and an annual production of about 80 GWh. An agreement has also been made under which Eolus will provide asset management services to the buyer related to the three wind farms. All remaining conditions have now been fulfilled and the transaction has been completed.

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.

This information was originally published in Swedish at 9 AM
July 11th 2013.

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 2 500 wind turbines operating in Sweden. The Eolus Group currently owns and operates 43 wind turbines with an installed capacity of 63 MW and a yearly electricity production of 156 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


130711 Press release Eolus transaction with Munich Re has been completed.pdf