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Vestas receives order for 70 wind turbines for Sweden’s Eolus

Swedish wind farm Eolus had signed an agreement with Vestas (VWS.CO) for 70 wind turbines with a total wind power capacity of 140 megawatts.

Eolus said the three-year agreement with Vestas, the world’s biggest maker of wind turbines, had an option to buy an additional 20 wind turbines.

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 energy 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 wind 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.

As of 31 December 2009, the Vestas Group has delivered more than 40,000 wind turbines and employs more than 20,700 people worldwide.

Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas turbines currently reduces carbon emissions by more than 40 million tons of CO2 every year, while at the same time building energy security and independence.

Vestas is the world leader in wind technology, with a history of technological innovation and over 30 years of experience in developing, manufacturing, installing and maintaining wind turbines. Vestas was a pioneer in the wind industry and started to manufacture wind turbines in 1979. In 1987, the company began to concentrate exclusively on wind energy.