DGAP-Adhoc

Eolus sells 29 wind turbines to ewz

Eolus Vind AB

19.01.2015 22:00

Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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Hassleholm, 2015-01-19 22:00 CET (GLOBE NEWSWIRE) --



Today Eolus signed an agreement with ewz, an electric utility enterprise, for
the sale of 29 wind turbines in south western Sweden for EUR 95 million. As
part of the agreement Eolus has been entrusted to provide technical services to
ewz for a period of twelve years and administrative services for a period of
four years in order to maximize outcome and production from the wind turbines.
The deal is the single largest in the history of Eolus.

ewz, a division of the city of Zurich, aims to annually invest 100-400 million
Swiss francs in renewable electricity production to replace traditional power
generation, primarily nuclear. Investing in wind power is key to achieving the
ambitious goals that ewz has set. With today's deal ewz will consolidate its
position as one of the leading energy utilities in Switzerland and will
strengthen their commitment to wind energy. Aquila Capital, a leading European
alternative investment company, will be a co-investor in the deal.

The purchase price for the shares in the company that owns the wind farms is
EUR 95 million of which approximately 56 million will be paid at the takeover
date for three wind farms that have been taken into operation. The remainder of
the purchase price is to be paid at the takeover date for the fourth wind farm
that is currently under construction. The transactions are subject to
fulfilment of a number of conditions before closing. The whole agreement is
expected to be completed in the first calendar quarter of 2015. As a result of
the transaction the debt of the Eolus Group is expected to decline by around
SEK 238 million when the construction loans obtained for the construction is
paid. In total, the agreement will provide a cash contribution of approximately
SEK 650 million.

Under the terms of a Power Purchase Agreement signed in January 2014, the
entire output of the four wind farms will be purchased by Google for the next
ten years, starting in early 2015. Google is purchasing the electricity to
power its datacenter facility in Hamina, Finland, with renewable energy.

-For ewz to choose Eolus as partner when they make their first wind power
investment in Sweden demonstrates the trust we in a short time have been able
to create among international investors. The agreement means a lot to Eolus and
confirms our position as one of the leading wind power developers in the Nordic