Apr 10 2015
Eolus expands its operations in Finland by acquiring a stake of 30 MW in the wind power project Pörtom in Närpes in Ostrobothnia. Eolus Finnish subsidiary buys all shares in the company Triventus Pörtom Wind Oy for 500 TEUR from Triventus.
The part of the project that Eolus acquires includes locations for nine wind turbines with a total capacity of approximately 30 MW. The remaining part of the project comprising of ten additional wind turbines is owned by the Swedish energy intensive industry, through the wind power company VindIn. Eolus and Vindin has entered into a cooperation agreement regarding the remaining project development.
Complete decision from the authorities regarding the project is expected during the 2015.
The agreement with Triventus contains terms of future additional purchase price subject to conditions of the project being realized with a certain profitability. In connection with the transfer, the acquired company's name will be changed to Eolus Pörtom Wind Oy.
Since before Eolus has business activities in Finland through development of the projects Loimaa-Alastaro and Huittinen which together comprise of approximately 50 MW.
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 April 9th 2015 at 6 PM.
Source: http://www.eolusvind.com/