Eolus Vind AB, one of the leading wind power developers in Sweden, has agreed to sell 29 wind turbines in southwestern Sweden to Swiss electric utility ewz for EUR 95 million. The 60-MW deal is the single largest in the history of Eolus.

Founded in 1990, Eolus has constructed nearly 470 wind turbines of the approximately 3 000 wind turbines operating in Sweden. The Eolus Group currently owns and operates an installed capacity of 88 MW with an estimated annual electricity production of 232 GWh. Eolus shares are listed on Nasdaq First North in Stockholm.

ewz is an electric utility enterprise, constituting a division of the city of Zurich. Aquila Capital, a leading European alternative investment company, is a co-investor in the deal.

Eolus was advised by Mannheimer Swartling in the transaction. The team was led by Per Asbrink, primarily assisted by Andreas Zettergren and Louise Bjartell.