Swedish wind farm Jung-Åsa has been handed over to Munich Re

Hässleholm, SWEDEN

Hässleholm, Sweden, 2016-01-12 15:15 CET (GLOBE NEWSWIRE) --

All conditions for the completion of the transaction between Eolus and MEAG, asset manager of Munich Re, regarding the sale of the Swedish wind farm Jung-Åsa comprising of 12 MW have been fulfilled and the buyer has taken over the facility.

On December 7th 2015 Eolus signed an agreement with MEAG regarding the sale of two wind farms of 38.4 MW in total to Munich Re. An agreement has also been made under which Eolus will provide asset management services for the two wind farms. All conditions for the fulfillment of the part of the transaction regarding the operational wind farm Jung-Åsa in Vara municipality comprising of six Vestas V90 2.0 MW wind turbines have been met, payment have occurred and the buyer has taken over the facility.

Wind farm Iglasjön in Kungsbacka municipality comprising of eight Vestas V112 3.3 MW wind turbines of 26.4 MW is under construction and is expected to be commissioned and handed over to Munich Re during the autumn 2016.

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

Eolus Vind AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on January 12th 2016 at 3.15 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 477 wind turbines of the approximately 3 100 wind turbines operating in Sweden. The Eolus Group currently owns an installed capacity of 54 MW and a yearly electricity production of 133 GWh. Eolus operates approximately 300 MW for customers and the company itself.

Eolus Vind AB has approximately 4 100 shareholders. Eolus shares are listed at NASDAQ Stockholm.

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


160112 Press release Swedish wind farm Jung-Åsa has been handed over to Munich Re.pdf