Veidekke

Veidekke: To start construction of wind farm in Sweden for SR Energy

Veidekke and SR Energy are starting construction of the Vindpark Horshaga

project in Uppvidinge, Sweden, having completed the project design phase. The

project is a collaborative design and build contract, with a production phase

contract value of approx. SEK 190 million. The wind farm is expected to start

supplying electricity to the grid from late 2025.

Veidekke's assignment comprises construction of roads, crane sites, internal

power grids and foundations. Work on the project starts in early 2024 with the

marking of assets worthy of conservation, before logging for roads and crane

sites begins. Delivery and installation of the actual wind turbines is expected

to commence in spring 2025.

"The Horshaga wind farm will give southern Sweden a welcome addition of

renewable energy, enabling regional development and electrification of

industry," says Peter Zachrisson, CEO of SR Energy.

"We are excited to begin construction. Together, our collaborative work methods

and joint project organisation provide the confidence that is essential for

complex projects like this to succeed," says Leif Adamsson at Veidekke

Infrastructure Sweden.

Vindpark Horshaga comprises the project areas Horshaga, Älmedal and Rosenholm,

where 25 wind turbines with a total output of 147 MW will be erected. Vindpark

Horshaga is the wind power supplier SR Energy's second wind farm in Uppvidinge

municipality. Uppvidinge belongs to Swedish electricity region 4, which is the

region in Europe with the largest deficit in locally-produced electricity in

relation to electricity use.

The contract is included in the order book for Q4 2023.

More information (Swedish) about Vindpark

Horshaga (https://srenergy.se/vindparker/horshaga/)

For more information, contact:

Marcus C Nilsson, EVP Veidekke Infrastructure Sweden, ph. +46 76 840 05 56

Jørgen Wiese Porsmyr, CFO Veidekke ASA, ph. +47 907 59 058

Veidekk press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028

-Pressebilder-Veidekke/)

Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner

-pa-meldinger/)

Veidekke is one of Scandinavia's largest contractors. In addition to undertaking

all types of building and civil engineering assignments, the group also

maintains roads and produces asphalt and aggregates. Veidekke emphasises

stakeholder involvement and local experience. Its annual turnover is

approximately NOK 39 billion, and half of its 8,000 employees own shares in the

company. Veidekke is listed on the Oslo Stock Exchange, and has posted a profit

every year since its inception in 1936.

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