Nordisk Vindkraft and Tornator sign joint venture agreement for wind power in Finland

Pooling their resources and expertise the joint venture will build on Tornator’s strong local expertise and networks and Nordisk Vindkraft will contribute technical, engineering and commercial expertise to the projects’ development. The initial portfolio comprises six projects with a potential of around 200 wind turbines, located mainly on Tornator’s land.

Arne Lorenzen, CEO at Nordisk Vindkraft, said “We are excited to join forces with one of Finland’s major forest owners to jointly develop wind power projects in Finland. With its unique market position and strong local base Tornator is an ideal partner for us and we believe that together with our experience in wind we will create a very strong partnership for the development of high quality wind farms in Finland.”

Arto J. Huurinainen, CEO at Tornator, added ”As a responsible forest land owner we have been looking for a partner who is not only an expert in technical wind farm planning but also shares our values of respecting environmental issues and having open interaction with local stakeholders. Nordisk Vindkraft fulfils all the requirements and we are pleased that Tornator has been chosen as a Finnish partner for such a big and expertized international actor.”

Tornator Oyj is an internationally respected Finnish company which owns about 600,000 hectares of forest land in Finland. Tornator’s core business is wood production and the sale of cutting rights. Besides the head office in Imatra there are 12 regional offices around Finland, and subsidiaries in Estonia and Romania. For more information, please visit our website www.tornator.fi.

Nordisk Vindkraft is a leading wind power company in the Nordic region with a track record of more than 380 MW of wind power capacity constructed. Nordisk Vindkraft is part of the international renewable energy company Renewable Energy Systems Ltd. and offers the full value chain developing, building, financing and operating successful wind farms. Nordisk Vindkraft operates in Sweden, Norway and Finland. For more information, please visit www.nordiskvindkraft.se and www.res-group.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Nordisk Vindkraft

Arne Lorenzen, CEO and Managing Director RES Northern Europe: +46 (0)31 339 5961

Matilda Afzelius, Development Director: +46 (0)31 339 5901

Tornator Oyj