Vestas receives 34 MW order in Sweden

“It is with great pleasure we announce this order and we are pleased with the commitment and trust, which Eolus Vind once again has shown us. Eolus Vind is one of the key players in Sweden with significant plans for developing wind power in our country and we look forward to a continued cooperation in the years to come,” says Krister Poole Jönsson, Sales Director, Vestas Northern Europe.

“Eolus and Vestas have been business partners for many years and the mutual trust between us has made this order possible. Today, we are really pleased to announce our so far largest order with Vestas,” says Bengt Simmingsköld, CEO of Eolus Vind AB.

When put into production, the plants will save the environment from an annual emission of more than 30,000 tons of CO2 compared with average EU electricity.

During 2009 some €770 million were invested in wind energy in Sweden with a capacity of 500 MW. The government’s target is to increase the production of renewable energy in Sweden by 10 TWh by 2010.

During 2009 some 8 billion kronor (€770 million, $1.1 billion) were invested in 200 wind power stations with a combined capacity of circa 500 megawatts. The investments are more than twice as large as during the previous year and the expansion considerably faster than in many other countries.

Eolus Vind AB – your wind power partner

Eolus Vind AB is one of the leading actors in planning, projecting and establishing wind power plants in Sweden. Eolus was founded in 1990 with the purpose to own and operate wind turbines. Initiator was Bengt Simmingsköld, who is still the managing director. He has worked with wind power projects since the late 70’s.

The first project was two Vestas 225 kW wind turbines on the island Öland, that Eolus built in 1991. Since the start Eolus Vind AB has established more than 200 wind turbines. Eolus has also been active in projects in Finland, Estonia and Poland. During the years Eolus have sold off most of the wind turbines established by the company.

Today Eolus operates as:
* Developer of wind power projects
* Owner of wind turbines
* Consultants in developing wind power projects, operating wind farms, financing and administration.

On August 31st 2009 Eolus was owner or part owner of 20 wind turbines with a total power of 20 MW and an annual production of about 46 GWh.Two of the turbines are located in Estonia and the rest in Sweden. One of the objectives for the board is to increase the wind power capacity owned by Eolus with another 40 MW until 2011.

Eolus Vind AB is listed at the unofficial market place NASDAQ OMX First North in Stockholm. Eolus has about 1,700 share holders (August 2009). During the financial year September 2008 – August 2009 Eolus will establish 29 wind turbines with an installed power of 48 MW in total. During the coming 3 years Eolus expect to establish about 50 turbines per year.

www.vestas.com

www.eolusvind.com/