Fred. Olsen Renewables has been awarded investment grant from Enova

Fred. Olsen Renewables AS, which is 50% owned by each of Bonheur ASA and Ganger Rolf ASA, has through its subsidiary Norsk Miljø Energi Sør AS been awarded an investment grant of NOK 388 million to the company’s wind power project at Lista in Vest-Agder. Final consent for construction of a wind farm with up to 102 MW installed capacity was received in 2009. The efforts to realize the project now enters a new phase which will include negotiations with the main potential suppliers. The outcome of the negotiations with potential suppliers will form the basis for an investment decision. Contact person: CEO Torger Lien, Fred. Olsen Renewables AS, tel.: +47 22 34 12 70 / +47 918 88 112