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Veidekke

Earnings Release Jul 7, 2020

3781_rns_2020-07-07_38932661-3aab-4a18-995a-5d2fafa41cb7.html

Earnings Release

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Veidekke ASA: Wind farm construction in Västra Götaland

Veidekke ASA: Wind farm construction in Västra Götaland

Veidekke has been commissioned by RES Renewable Norden to construct 13 wind

turbine foundations with associated roads in Rödene outside Alingsås in Västra

Götaland in Sweden. The project is a turnkey contract valued at approximately

SEK 115 million, excluding VAT.

The wind farm at Rödene will have a total output of 86 MW, which corresponds to

the energy consumption of 40,000 Swedish homes. The renewable energy produced

will compensate for emissions corresponding to 230,000 tonnes of carbon dioxide

per year.

"We look forward to a productive collaboration with Veidekke in the Rödene

project. Together with landowners and other partners, we will ensure that more

renewable energy is produced in Southern Sweden and in close proximity to

consumer needs," says Matilda Afzelius, CEO of RES Renewable Norden.

"We would like to thank RES Renewable Norden for their trust and for allowing us

to be part of Swedish wind power developments. I am convinced that, through

close collaboration and participatory working methods, we will deliver a project

of the highest quality," says Anders Johansson from Veidekke's Swedish civil

engineering operations.

Veidekke's assignment includes the construction of roads, foundations for the

wind turbines and infrastructure, such as the internal electric network for the

wind farm. The works are scheduled for completion in November 2021.

The contract is included in Veidekke's order book for Q2 2020.

For more information, contact:

Mats Nyström, Executive Vice President, Veidekke Sweden, tel. +46 705 37 12 60,

[email protected]

Veidekke's press photos

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

-pa-meldinger/)

Veidekke is one of Scandinavia's largest construction and property development

companies. The company undertakes all types of building construction and civil

engineering contracts, develops residential projects, maintains roads, and

produces asphalt and aggregates. The company is known for its engagement and

local knowledge. Annual turnover is approximately NOK 39 billion and around half

of its 8600 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.

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