Brief: Eolus And Hydro REIN Jointly Acquires 260 MW Fully Permitted Wind Power Project In Sweden

Eolus AB (publ)

25/06/2021 07:32

June 25 (Reuters) - Eolus Vind AB (publ)  EOLUb.ST :
    * REG-EOLUS AND HYDRO REIN JOINTLY ACQUIRES 260 MW FULLY
PERMITTED
WIND POWER PROJECT IN SWEDEN
    * SUPPLIER CONTRACTS WILL BE ENTERED DURING AUTUMN THIS YEAR
AND
COMMISSIONING IS EXPECTED TO COMMENCE DURING SECOND HALF OF 2023
    * PURCHASE PRICE FOR PROJECT RIGHTS AMOUNT TO EUR 17 MILLION
AND
ENERCON WILL BESIDES THIS BE COMPENSATED FOR CONDUCTED
CONSTRUCTION WORKS
    * EOLUS TOGETHER WITH HYDRO REIN HAS SIGNED AN AGREEMENT TO
ACQUIRE FULLY PERMITTED WIND POWER PROJECT STOR-SKÄLSJÖN FROM
ENERCON
    * PROJECT, LOCATED IN SUNDSVALL AND TIMRÅ MUNICIPALITIES IN
SE2,
TOTALS UP TO 260 MW AND WILL BE COVERED BY A 12-YEAR PPA WITH
HYDRO
    * HYDRO REIN AND EOLUS WILL OWN 49 AND 51 PERCENT,
RESPECTIVELY,
OF STOR-SKÄLSJÖN PROJECT
    * PARTNERS HAVE AGREED TO DIVEST MAJORITY OF PROJECT SHARES,
AND A
SALES PROCESS WILL BE INITIATED DURING SUMMER
    * AS PART OF AGREEMENT, HYDRO WILL SIGN A PAY-AS-PRODUCED
POWER
PURCHASE AGREEMENT WITH 12-YEAR TENOR

Source text for Eikon:  ID:nGNEbtm3XQ 
Further company coverage:  EOLUb.ST 

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