Veidekke has been commissioned by Stena Renewable to build the foundations and
associated roads for 47 wind turbines in Tvinnesheda-Badeboda outside Åseda in
Småland, Sweden. The collaborative design and build contract has a value of
approx. SEK 265 million, and the project is scheduled to be completed in
December 2021.

"Veidekke has the required expertise and organisation to build as large a wind
farm as Vindpark Tvinnesheda. In recent years, Veidekke has built two wind farms
for us, and we are pleased to be able to realise yet another wind farm with
them," says Peter Zachrisson, CEO of Stena Renewable.

The contract comprises the construction of roads leading to every wind turbine
as well as the associated areas for cranes, storage of turbine wings, etc.
Veidekke will also complete the internal power grid, as well as do ground work
and cast foundations for the wind turbines.

"We appreciate being given the confidence of constructing this exciting project.
Being able to contribute to improving our environment by developing Swedish wind
power is important to us. Applying an interactive and involved way of working,
we plan to utilise everyone's knowledge to come up with the best solutions for
the project," says Anders Johansson, construction manager at Veidekke Civil
Engineering in Sweden.

Stena Renewable is investing SEK 2.2 billion in Vindpark Tvinnesheda, which will
provide the Uppvidinge Municipality with a total output of 210 MW. The project
has been realised through cooperation between wind power operators and the grid
owner E.ON, as well as a grid reinforcement loan from Svenska kraftnät, the
Swedish power transmission authority. All in all, 700 MW of new power generation
can be connected to the grid in this area, which currently has insufficient
power supply.

For more information, contact:
Mats Nyström, CEO Veidekke Sweden, ph. +46 705 37 12 60

Veidekke press photos  (https://veidekke.fotoware.cloud/fotoweb/archives/5028
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Veidekke is one of Scandinavia's largest construction and property development
companies. The company undertakes all types of building construction and civil
engineering contracts, develops residential projects, maintains roads, and
produces asphalt and aggregates. The company is known for its involvement and
local knowledge. Its annual turnover is NOK 39 billion, and half of its 8,600
employees own shares in the company. Veidekke is listed on the Oslo Stock
Exchange and has always posted a profit since it was founded in 1936.