Hässleholm, July 5, 2022
Eolus has signed an agreement with DalaVind AB to increase its stake in the Fageråsen wind project to 49%. Together, the companies intend to create a wind farm of just over 200 MW outside Malung, Sweden.
Eolus and DalaVind have been partners in this project for some time, and the project has held an environmental permit for the wind farm since 2018. A total of 33 wind turbines are planned and are expected to produce 700 GWh of renewable electricity per year. This is the equivalent of the annual consumption of approximately 140,000 households.
Eolus and DalaVind respectively hold 49% and 51% of the shares of the project company through which the partnership will take place.
“We see major benefits in working with a local partner like Dalavind. They know the area very well and have a strong local presence. With our collective experience, we have every chance of delivering a project that will significantly contribute to renewable energy in the region,” says Per Witalisson, CEO of Eolus.
The area planned for the wind farm is located along the border between the regions of Dalarna and Värmland. The region benefits from excellent wind conditions and an infrastructure that supports the transportation and installation of wind turbines.
Commissioning of the wind farm is scheduled for autumn 2026.
For more information, please contact:
By Witalisson, CEO, +46 702 65 16 15
Karin Wittsell Heydl, communications and sustainability manager, +46 761-16 71 99
Since the company was founded thirty years ago, Eolus has become one of the leading developers of renewable energies in the Nordic region. Today, we develop, establish and manage renewable energy projects in onshore and offshore wind, solar power and energy storage. Eolus offers attractive and competitive investment opportunities in the Nordic region, the United States, Poland and the Baltic countries. With our knowledgeable and dedicated staff, we are advancing the business at a rapid pace and driving the transition to renewable electricity generation. Founded in 1990, Eolus has built 666 wind turbines with a capacity of 1,414 MW. Eolus has signed contracts for approximately 1,322 MW of asset management services, of which 914 MW are in operation.
The class B share of Eolus is traded on the Nasdaq Stockholm Mid Cap. www.eolusvind.com
220705 Eolus and DalaVind extend their partnership regarding the Fageråsen wind farm