Veidekke ASA: Builds wind power plant in Trøndelag

Sørmarkfjellet AS has awarded Veidekke the construction contract for
Sørmarkfjellet Wind Power Plant that will be built in the municipalities of Osen
and Flatanger in Trøndelag. The contract is a design and build contract valued
at just below NOK 300 million excluding VAT.
"We appreciate the confidence shown in us, and are very pleased with winning the
competition for this important contract. Wind power is something we are very
happy to build, both for commercial reasons and because we want to contribute to
the production of renewable energy in the future," says Executive Vice President
Øivind Larsen of Veidekke Anlegg.

The 31 turbines in the wind farm on the northern part of the Fosen peninsula
will have combined installed power of 130 MW and an annual production
corresponding to the consumption of 29,300 households (440 GWh). This is the
fifth wind power project for Veidekke in Norway alone in recent years.

The infrastructure Veidekke will build in the wind farm comprises the following
key components:

· 31 turbine foundations with associated sites for assembly cranes
· Development of 22 kilometres of roads (access roads and internal roads)
· Erection of a service building and a building for a substation
· Cable trenches and laying of the farm's internal high-voltage grid

The work will be carried out by Veidekke's construction department in
partnership with subsidiary Tore Løkke AS. Construction work will start in
April, and is scheduled for completion in October 2021.

More information on the project is available at
https://tronderenergi.no/vind/sormarkfjellet

Caption (left to right): Site manager Joakim Syltern By from Tore Løkke, project
manager Sebastian Schneider from Veidekke and project manager Lars Jørgen
Sivertsen of Trønder Energi.

For more information, contact:
Executive Vice President Øivind Larsen , tel. +47 90 58 23 51,
oivind.larsen@veidekke.no
Communications Manager Helge Dieset, tel. +47 90 55 33 22,
helge.dieset@veidekke.no

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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. Annual turnover is approx. NOK 36 billion, and around half of
its 8600 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.