Hässleholm, 2014-11-13 07:15 CET (GLOBE NEWSWIRE) --

Eolus has been granted permit for it´s so far largest onshore wind power
project. Project Øyfjellet in Norway comprising of 330 MW has been granted
permit by NVE (Norwegian Water Resources and Energy Directorate).

The permit for project Øyfjellet outside Mosjøen in Vefsn municipality in
Nordland County gives the possibility of installing turbines with an effect up
to 330 MW, divided on 80-110 wind turbines depending on choice of turbines. The
wind conditions at the site is very good with and estimated yearly production
in a fully built park of about 1 TWh.

Øyfjellet is the first project Eolus has been granted permit for in Norway
since starting operations in the country in 2012 and is the largest in company
history.
-It is very exciting and important for our operations in Norway that we have
been granted permit for Øyfjellet. The wind conditions at the site is very good
and the project have strong local support says Per Witalisson, CEO of Eolus.

The project was started by local initiatives through ÖVP (Øyfjellet Vindpark
AS). Eolus acquired the project through subsidiary Eolus Vind Norge AS in the
summer of 2012. The application for permit was submitted to NVE in January
2014. Final approval of the permit will be decided by Norway’s Ministry of
Petroleum and Energy.

For further information contact:
Per Witalisson, CEO of Eolus Vind AB, +46 10 199 88 02
Johan Hammarqvist, Head of communications, +46 10 199 88 10
Gustav Grumert, project manager, +46 10 199 88 71

About Eolus:
Eolus Vind AB is one of the leading wind power developers in Sweden. 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 to both local and
international investors. Founded in 1990, Eolus has constructed over 460 wind
turbines of the approximately 2 800 wind turbines operating in Sweden. The
Eolus Group currently owns and operates an installed capacity of 88 MW and a
yearly electricity production of 232 GWh. Eolus Vind AB has approximately 3 000
shareholders. Eolus shares are listed at NASDAQ OMX First North in Stockholm
with Erik Penser Bankaktiebolag as certified adviser.

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

141113 Press release Eolus has been granted permit for Öyfjellet.pdf