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Skanska invests in new wind farm, one of the largest in Sweden

Skanska Infrastructure Development, wind farm developer O2 and Jämtkraft
are making a joint investment in a project-financed wind farm for a
total cost of around SEK 1.1 billion. Skanska's holding amounts to 50
percent; the other parties own 25 percent each. The construction
contract will be included in order bookings for the second quarter. 
 
The new wind farm will be one of the largest land-based plants in
Sweden. The project comprises 30 wind turbines at Sjisjka, in a low
mountainous area in Gällivare Municipality, in the north of Sweden. The
wind turbines will be supplied by Vestas and will be 131 meters high,
with an installed capacity of up to 78 MW. The new wind farm will be one
of the largest land-based wind power plants in Sweden with an annual
production of around 200GWh, and be able to supply electricity for
43,000 households.
 
Skanska joins the project as investor and contractor. O2 will contribute
wind power expertise in the form of project engineering, turbine
procurement, planning and operation, while Jämtkraft will provide its
knowledge of power grids, production and electricity supply.
 
“Skanska, O2 and Jämtkraft combined can offer all the expertise that is
needed to implement a successful project. The project also complies with
Skanska's objectives of being a leader in green construction and
contributing to a more sustainable society,” says Göran Carlberg,
Project Development Director at Skanska Infrastructure Development.
 
Jemtska, a joint venture between Skanska and Jämtkraft, is the
contractor for civil and electrical works. The work has commenced and
electricity production is expected to start in 2012. The necessary
environmental and building permits have been granted.
 
For further information, please contact:
Göran Carlberg, Project Development Director, Skanska Infrastructure
Development, tel. +46 (0)10 448 10 06
Edvard Lind, Group Press Officer, Skanska AB, tel +46 (0)10 448 88 08
Direct line for media: +46 (0)10-448 88 99
 
This and previous releases can also be found at
www.skanska.com (http://www.skanska.com/)
Skanska AB may be required to disclose the information provided herein
pursuant to the Securities Markets Act.
Skanska is one of the world's leading project development and
construction groups with expertise in construction, development of
commercial and residential projects and public-private partnerships.
Based on its global green experience, Skanska aims to be the clients'
first choice for Green solutions. The Group currently has 52,000
employees in selected home markets in Europe, in the US and Latin
America. Headquartered in Stockholm, Sweden and listed on the Stockholm
Stock Exchange, Skanska's sales in 2010 totaled SEK 122 billion.
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