23 Dec 2022 09:00 CET

Issuer

AF Gruppen ASA

Kanonaden Entreprenør, a subsidiary of AF Gruppen, will carry out the
construction work for a larger Wind Farm in the south of Dalarna. The contract
is worth approximately SEK 160 million excl. VAT.

The project includes 15 wind turbines with a total height of 200 metres. The
Wind Farm is expected to provide renewable energy equivalent to the annual
consumption of household electricity for 54.000 homes.

Kanonaden is to carry out all parts up to the installation of the turbines. The
assignment is a turn key contract and includes the design and construction of
roads, crane bases, foundations and the wind farm's internal electricity and
communication network.

"We are very happy to receive renewed trust from SR Energy, with whom we
previously had a good collaboration", says Bård Frydenlund, EVP of AF Gruppen.

Kanonaden Entreprenad and SR Energy recently collaborated on the construction of
the Åby-Abelo Wind Farm, which is the largest wind farm in southern Sweden as
well as Riskebo Wind Farm, also in Dalarna.

In line with the strategy of investing in energy and power, Kanonaden has in
recent years erected close to 500 turbine foundations in southern and central
Sweden, which has provided good knowledge and the opportunity to identify and
prevent risks in the projects.

The work for the Älgkullen Wind Farm will begin in the first quarter of 2023 and
is expected to be operational in 2024.


For further details, please contact:
Bård Frydenlund, EVP for Sweden and Betonmast for AF Gruppen, tel.: +47 918 68
621
Peter Ek, CEO of Kanonaden Entreprenad Mälardalen, tel.: +46 705 77 61 77


Source

AF Gruppen ASA

Provider

Oslo Børs Newspoint

Company Name

AF GRUPPEN

ISIN

NO0003078107

Symbol

AFG

Market

Oslo Børs