Arise to build new wind farms in southern Sweden for SEK 400 million
A decision has been taken to build 15 wind farms in three separate projects in southern Sweden. Construction is scheduled to begin in the spring and the turbines are expected to go into operation in the third quarter of this year.
The 15 turbines have an installed capacity of about 25 MW and are expected to produce about 87 GWh of electricity in a normal wind year, equivalent to about 3,500 full load hours per year.
The specific investment cost is approximately SEK 4.6/MWh.
Halmstad, 15 February 2013
ARISE WINDPOWER AB (publ)
The information contained herein constitutes information which Arise Windpower AB is legally required to publish under the Swedish Securities Market Act (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was released for publication at 09.00 a.m. on 15 February 2013.
For further information, please contact
Peter Nygren, CEO Arise Windpower AB, +46 706 300 680
About Arise Windpower
Arise Windpower is one of Sweden’s leading companies in onshore wind power. Its business concept is to sell electricity generated at the company’s own wind turbines. The company’s target is to have 1,000 MW of onshore wind power constructed and under management by 2017, of which 500 MW will remain in the ownership of the company. Arise Windpower is listed on NASDAQ OMX Stockholm.