GlobeNewswire

Eolus signs agreement with Aquila Capital for the sale of the 400 MW Norwegian wind farm Oyfjellet

Share

Hässleholm, Sweden, July 12, 2019

Eolus has signed a share purchase agreement with Aquila Capital regarding the sale of wind farm Oyfjellet in Norway. The wind farm has a planned capacity of 400 MW. The preliminary purchase price amounts to EUR 30 million.

The transaction covers the sale of 100% of the shares of the project company that holds all the project rights for the wind power project, including a 15-year power purchase agreement with Alcoa Norway. The wind farm is located close to Mosjøen in Vefsn municipality in Norway.

The closing of the transaction, which is foreseen to take place during the autumn 2019 is subject to fulfillment of several conditions, such as granted detail plan (MTA-plan), procurement of wind turbines, grid connection agreement and balance of plant agreements.

At closing of the transaction, the parties have also agreed to sign a construction management agreement by which Eolus will manage the construction of the wind farm on behalf of Aquila. Eolus’ revenues under the construction management agreement is estimated to be approximately EUR 23 million. Eolus’s final revenues from both the share purchase agreement and the construction management agreement may deviate substantially upwards or downwards from the preliminary figures depending on the successful delivery of the wind farm. Final purchase prices will be calculated when the wind farm has been completed, which is expected to take place during the second half of 2021. The construction of the wind farm will be financed by Aquila.

Eolus has also been entrusted to provide technical, operational and administrative services during fifteen years to the wind farm to maximize outcome and production from the facility.

-The 400 MW Oyfjellet project is truly demonstrating the competitiveness of onshore wind power in the Nordics. Teaming up with an experienced investor as Aquila Capital makes it possible for us to start construction of the project as soon as the final conditions are met. The wind farm will supply Alcoa with renewable electricity for many years and provide local job opportunities both during construction and operation, says Eolus CEO Per Witalisson.

-The whole Eolus team is very proud of the trust that Aquila once again is placing in our company, both constructing and managing wind farm Oyfjellet. The site provides excellent conditions for wind power and to be part of bringing the project into operation together with Aquila is a privilege says Eolus COO Marcus Landelin.

Roman Rosslenbroich, Co-Founder and CEO of Aquila Capital, comments: “We are truly delighted to become the sponsor of Project Oyfjellet on behalf of our client and we are looking forward to continuing our good cooperation with Eolus on this Nordic landmark project. Project Oyfjellet is not only impressive by its sheer magnitude and technical characteristics, it also stands exemplary for what it will take to create a sustainable future for the generations to come: Visionary developers like Eolus, dedicated investors like us and responsibly acting industry players like Alcoa – and of course supportive governments and authorities.”

In March 2018 Wind farm Oyfjellet entered into a power purchase agreement with Alcoa Norway. During 15 years Alcoa will purchase all the electricity produced at the wind farm to provide its production plant in nearby Mosjøen with locally produced electricity.

For further information contact:

Per Witalisson, CEO, +46 10 199 88 02
Marcus Landelin, COO +46 10 199 88 16

The information in this press release is disclosed pursuant to the EU Market Abuse Regulation. The information was released for public disclosure through the agency of head of communication Johan Hammarqvist on July 12, 2019, at 8.30 AM CET.

About Eolus:
Eolus Vind AB is one of the leading wind power developers in the Nordics. 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 as well as the United States to both local and international investors. Founded in 1990, Eolus has constructed more than 540 wind turbines of the approximately 3 600 wind turbines operating in Sweden. Eolus has signed contracts for over 800 MW of asset management services of which 420 MW is in operation.

Eolus Vind AB has about 11 500 shareholders. Eolus shares are listed at Nasdaq Stockholm.

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

Attachment

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Nordic American Tankers Limited (NYSE: NAT) AGM successfully concluded today. All recommendations of the NAT Board approved.20.11.2019 20:32:00 CETPress release

Bermuda November 20, 2019 Nordic American Tankers Limited (NYSE: NAT) (the “Company”) is pleased to announce that all of the proposals at its Annual General Meeting have been approved by its shareholders by well over the required margin. These proposals are: --appointment of six directors for a term of one year. The NAT board of directors is now composed of; - Herbjorn Hansson, Norway - Andreas Ove Ugland, Cayman Island - James Kelly, USA - David Workman, United Kingdom - Richard H.K. Vietor, USA - Alexander Hansson, Monaco --reduction of the Company’s share premium account to facilitate the payment of dividends. --appointment of KPMG AS as the Company’s independent auditor Herbjorn Hansson, the Company’s Chairman and Chief Executive Officer, stated: “We believe that the approval of all of the proposals at the Annual General Meeting are a recognition of the Company’s emphasis on good corporate governance.” CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Matters discussed in t

Leasinvest Real Estate SCA: 2019 Bond Private Placement20.11.2019 19:30:00 CETPress release

Bond private placement for an amount of EUR 100 million Leasinvest Real Estate SCA today successfully issued a 7-year private placement of bonds amounting to EUR 100 million, in denominations of EUR 100,000. The bonds offer a fixed annual coupon of 1.95% and have been placed with investors in Belgium, France and Luxembourg. BNP Paribas Fortis and Degroof Petercam were appointed as Global Coordinators of the transaction. BNP Paribas Fortis, Degroof Petercam and KBC acted as Joint Bookrunners of the transaction. The placement fits within Leasinvest Real Estate’s strategy to arrange financing sources best suited to carry out its investment strategy both through acquisitions and redevelopment of existing core assets. The proceeds will, amongst other things, serve to refinance the EUR 75 million public bond which matured on 9 October 2019 and will contribute to an increase of the average duration of the total debt of Leasinvest Real Estate and a diversification of its financing sources. MIC

IMCD expands Americas footprint by acquiring Colombian specialty distributor Unired Químicas20.11.2019 19:00:00 CETPress release

ROTTERDAM, The Netherlands (20 November 2019) – IMCD N.V. (“IMCD” or “Company”), a leading distributor of specialty chemicals and food ingredients, today announced that it has acquired 100% of the outstanding shares of the Colombia-based ingredient distributor, Unired Químicas SAS (“Unired”). With an office in Bogota, Colombia, Unired distributes specialty chemicals and ingredients to the pharmaceutical, food and personal care markets. In 2018, Unired generated a revenue of USD 8 million and has approximately 15 employees. The company will be fully integrated with IMCD’s organisation in 2020. Please find attached the full press release. Attachment PRESS RELEASE_IMCD expands Americas footprint by acquiring Colombian specialty distributor Unired Químicas

Agfa-Gevaert: Publication of a transparency notification (Axxioon) – Regulated information20.11.2019 17:40:00 CETPress release

(Article 14 of the law of May 2, 2007 on the disclosure of significant shareholdings) Mortsel, Belgium – November 20, 2019 – 5.40 p.m. CET According to Agfa-Gevaert NV’s bylaws, the threshold as from which a shareholding needs to be disclosed, has been set at 3%, 5% and a multiple of 5%. In conformity with the Law of May 2, 2007 regarding the disclosure of significant shareholdings in listed companies, Agfa-Gevaert (Euronext: AGFB) discloses the following declaration: On November 19, 2019, Axxion S.A. has announced that as per November 15, 2019, it holds a stake in Agfa-Gevaert of 5,598,000 shares or 3.26% (denominator is 171,851,042), thus crossing the 3% threshold upwards. Notifications of important shareholdings to be made according to the Law of May 2, 2007 or Agfa-Gevaert NV’s bylaws, should be sent to viviane.dictus@agfa.com. About Agfa The Agfa-Gevaert Group develops, manufactures and distributes an extensive range of analogue and digital imaging systems and IT solutions, mainly

Notice on Convocation of Extraordinary General Meeting of Shareholders of AB Klaipedos nafta20.11.2019 15:02:00 CETPress release

Notice is hereby given that on the initiative and by the resolution of the Board of AB Klaipedos Nafta, legal entity code 110648893, with the registered office at Burių str. 19, Klaipeda (hereinafter - the Company), Extraordinary General Meeting of Shareholders of the Company will be held on 12 December 2019 at 1:00 p.m. The meeting will be held in the Company’s office at Buriu str. 19, Klaipeda, in the administrative office of the Company (in the hall of the meeting on the 2nd floor). Agenda of the meeting: Regarding the approval of the additional decision of the Board of AB Klaipėdos nafta to pledge from 2025 all current and future amounts receivable (the Security Component) of the Company for the benefit of the Ministry of Finance of the Republic of Lithuania for the state guarantee granted by the Republic of Lithuania; Regarding the approval of the additional decision of the Board of AB Klaipėdos nafta to obtain and present up to EUR 20,000,000 (twenty million euros) annual bank gu

 Åland Index Solutions - a game changer tackling climate crisis at every transaction20.11.2019 14:10:00 CETPress release

Ålandsbanken Abp Pressrelease 20.11.2019 Åland Index Solutions - a game changer tackling climate crisis at every transaction Åland Index Solutions, a joint venture between Doconomy and Ålandsbanken, enables banks, payment providers and financial institutions to offer all customers transaction based impact calculations. Åland Index is the global index solution for CO2 emission calculations that guide consumers in their everyday consumption towards more sustainable choices. “With Åland Index Solutions we can engage all financial players in the fight against climate change. This collaboration is a milestone in creating a global standard for measuring the impact of consumption and totally changing the way we consume through connecting spending patterns with climate impact, says Nathalie Green CEO at Doconomy” The original Åland Index was developed in 2016 and the team has ever since been working to help consumers become aware of their impact on the planet. Åland Index is continuously being