Veidekke ASA: To build Egersund Wind Farm

Veidekke ASA: To build Egersund Wind Farm

15.06.2016 - 14:04

Veidekke has signed a contract with Norsk Vind Egersund AS to build Egersund Wind Farm in Rogaland. This civil engineering contract comprises construction of a road network, cable conduits, foundations for wind turbines and a transformer building. The contract is worth NOK 190 million excluding VAT.

Egersund Wind Farm will be built at Åseheia and Kolldalsheia in Eigersund municipality, a few kilometres east of Egersund town. The total electricity output from the 33 wind turbines is expected to be approximately 400 GWh, which corresponds to the consumption of 20,000 households or more than 100,000 electric cars. The project will be located near the planned electricity transmission cables between Norway and Germany and will thus contribute to a cleaner, greener Europe.

This is the third wind farm that Veidekke has been commissioned to build in the last few years, after Lista Wind Power Plant in Vest-Agder and Raggovidda in Finnmark, which opened in 2013 and 2014 respectively. In this project Veidekke will build 20 kilometres of roads for access to and maintenance of the wind turbines, in addition to foundations and assembly areas for the 33 wind turbines at the wind farm.

"We are very pleased to be involved in this project, which will be important for local businesses and the green shift. We are extremely proud to have been selected as a supplier to this project. We are looking forward to being part of a good partnership and working on another future-oriented wind power plant," says Head of Department Erik Eiane of Veidekke.

Work on the project will start in August, and the wind farm is scheduled to be completed and delivering power to the grid in October 2017.

For press photos, see www.flickr.com/photos/veidekke, for more information, contact:
District Manager Special Projects Petter Bakke, Veidekke Entreprenør AS, tel. +47 92 68 47 47, petter.bakke@veidekke.no
Head of Department Industry & Energy Erik Eiane, Veidekke Entreprenør AS, tel. +47 91 00 85 98, erik.eiane@veidekke.no
Communications Manager Helge Dieset, Veidekke ASA, tel. +47 90 55 33 22, helge.dieset@veidekke.no

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Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of construction and civil engineering contracts, maintains roads, and produces asphalt and aggregates. The company is characterised by involvement and local knowledge. Revenue is NOK 24.5 billion (2015), and half of the 7,000 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.