Earnings Release • Jul 7, 2020
Earnings Release
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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,
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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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