AF Gruppen

Earnings Release • Apr 29, 2021

New wind power project awarded

New wind power project awarded

The AF Gruppen subsidiary Kanonaden Entreprenad will carry out the construction work for a new wind farm in the Municipality of Uppvidinge in southern Sweden. The contract is worth a total of SEK 170 million, excluding VAT.

The planned Karskruv wind farm will be situated in Åseda in the eastern part of Kronoberg county. The project comprises 20 wind turbines that will produce renewable energy corresponding to the average annual consumption of 60,000 households.

Kanonaden will be responsible for the construction of roads and foundations, as well as the installation of the internal electricity network for the wind farm. The power plant is scheduled to be put into operation during the spring of 2023.

In recent years, Kanonaden has gained extensive experience from wind power construction projects and will now be carrying out its third project on behalf of OX2.

“It feels particularly good that, together, we are contributing to increasing the supply of renewable electricity in southern Sweden, where there is currently a shortage of electricity, while also working towards Sweden’s national ambition of 100% renewable electricity production by the year 2040,” says Bård Frydenlund, EVP, AF Gruppen for Sweden.

OX2 develops, constructs and manages facilities for the production of renewable power. The company has operations in Sweden, Norway, Finland, Poland, Lithuania and France.

For further information:

Bård Frydenlund, EVP Sweden, AF Gruppen, Tel. +47 918 68 621

Andreas Rydbo, CEO AF Gruppen Sweden, tel. +46 31 762 40 03