Category: ADDITIONAL REGULATED INFORMATION REQUIRED TO BE DISCLOSED UNDER THE LAWS OF A MEMBER STATE
Øyfjellet Wind Investments AS: Successful Placement of EUR 80 million Senior Secured Green Bond Issue and Conditional Redemption of Existing Bonds (ISIN NO0011082117)
Oslo, 11 May 2026: Reference is made to the stock exchange notice published by Øyfjellet Wind Investment AS (the "Company") on 5 May 2026. The Company is pleased to announce that it has successfully placed a new EUR 80,000,000 senior secured green bond issue (the "New Bonds"). The New Bonds carry a floating interest rate of 3-month EURIBOR plus 4.25 per cent. per annum and have a maturity of 5 years from the Issue Date.
An application will be made to list the New Bonds on the Nordic ABM Fast Entry segment within 60 calendar days of the Issue Date, and on Nordic ABM within 6 months of the Issue Date. The net proceeds from the New Bonds will be used to refinance the Company's existing EUR 80,000,000 senior secured green bonds (ISIN NO0011082117) and to cover transaction-related expenses.
Settlement is expected on or about 22 May 2026, subject to customary conditions precedent. In connection with settlement, the Company will issue a conditional call notice for the full redemption of the outstanding bonds.
ABG Sundal Collier ASA and Pareto Securities AS acted as Joint Managers in connection with the bond issue. ABG Sundal Collier ASA acted as Green Bond Structurer. Advokatfirmaet BAHR AS acted as legal adviser to the Company and the Managers.
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
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About Øyfjellet Wind Investment AS:
Øyfjellet Wind Investment AS is a Norwegian holding company for the Øyfjellet wind farm, one of Norway's largest onshore wind farms, operated by its subsidiary Øyfjellet Wind AS. The Company is ultimately owned by funds managed by Aquila Capital. For further information, please visit: Øyfjellet Wind - En friskere fremtid
Øyfjellet wind park is taken over by Øyfjellet Wind AS
Øyfjellet wind park was put into operation in September 2022. Øyfjellet Wind AS has now taken over the wind farm from the developer, Eolus Vind.
Øyfjellet Wind and Eolus Vind have agreed that final implementation, in line with the terms of the agreement for planning and construction of the wind farm (EPCM agreement), has been achieved. The parties also agree on the scope and responsibilities of each party with regard to the remaining works. Furthermore, the parties agree to terminate the agreement on technical and commercial operations. These services are transferred to Øyfjellet Wind AS.
Thus, Øyfjellet Wind AS takes over the wind farm.
Øyfjellet wind park consists of 72 wind turbines with an installed capacity of 400 MW and an expected annual production of 1.3 TWh. The wind farm has signed a 15-year power purchase agreement (PPA) with the Alcoa aluminium plant in Mosjøen. This means that the wind park contributes locally produced electricity to important industrial jobs
Øyfjellet wind park was put into operation in September 2022. Øyfjellet Wind AS has now taken over the wind farm from the developer, Eolus Vind.
Øyfjellet Wind and Eolus Vind have agreed that final implementation, in line with the terms of the agreement for planning and construction of the wind farm (EPCM agreement), has been achieved. The parties also agree on the scope and responsibilities of each party with regard to the remaining works. Furthermore, the parties agree to terminate the agreement on technical and commercial operations. These services are transferred to Øyfjellet Wind AS.
Thus, Øyfjellet Wind AS takes over the wind farm.
Øyfjellet wind park consists of 72 wind turbines with an installed capacity of 400 MW and an expected annual production of 1.3 TWh. The wind farm has signed a 15-year power purchase agreement (PPA) with the Alcoa aluminium plant in Mosjøen. This means that the wind park contributes locally produced electricity to important industrial jobs.
72 of 72 turbines in place
72 of 72 wind turbines have now been erected. We would like to thank all our partners: Nordex Energy, Linka, Veidekke, Linea, Vefsn Municipality, Eolus and others. We would also like to thank the whole local community for their patience during a period with many transports through Mosjøen. The project is thereby entering a new phase where the turbines are being prepared for electricity production.
We are now looking forward to completing this important project to reduce emissions and contribute to more renewable energy locally. We expect the commissioning to take place during the first quarter of 2022.
Øyfjellet is a broadly locally based project. We have entered into over 100 agreements with landowners, private individuals and companies that are affected. The wind park will become a long-term contributor to employment, growth, and development in the whole region.
