Arise AB (publ) enters into an option agreement with the right to acquire Enviksberget a project of approx. 35 MW
Today, Arise AB (publ) has entered into an option agreement with Dala Vind with the right to acquire Enviksberget, a project of approx. 35 MW (the ”Project”).
All permits relating to the Project have gained legal force and the grid connection is secured. Arise will now finalise the development of the Project with the intent to sell it on to an investor during 2018. The purchase price will become payable if and when Arise finally acquires the Project.
The Project is located in the proximity of the Svartnäs wind farm that Arise currently is constructing on behalf of BlackRock. The installed effect of the Project is estimated to approx. 35 MW.
Securing the right to acquire Enviksberget is in line with Arise’s strategy to acquire and develop attractive wind projects for on-sale to external investors.
”We are happy to have secured the project rights to Enviksberget. We hope to be able to sell it on to an investor during 2018. We are pleased to have made our first transaction with Dala Vind and look forward to a good cooperation when realizing the Project”, says Daniel Johansson, CEO, Arise.
Halmstad 22 December, 2017
Arise AB (publ)
For further information, please contact
Daniel Johansson, CEO Arise AB, +46 702 244 133
Linus Hägg, CFO Arise AB, +46 702 448 916
This information is information that Arise AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12:30 CET on 22 December, 2017.
Arise is one of Sweden´s leading wind power companies, with the business concept to develop, build and manage onshore wind farms for its own account and on behalf of investors. The company is listed on NASDAQ Stockholm.