Arise announces the sale of the appr. 45 MW Bröcklingeberget wind farm to a fund managed by re:cap global investors
Arise AB (publ) (“Arise”) has entered into an agreement with a fund managed by re:cap global investors, a Swiss based asset manager, for the sale of the appr. 45 MW wind farm Bröcklingeberget (the “Project”). Arise has performed development, design and procurement of the Project, including sourcing an investor. Arise expects that the sale will have a positive impact on earnings of appr. SEK 70 million in total over the years 2018 and 2019. The final outcome in terms of earnings and cash flow is dependent on how construction of the Project proceeds versus plan and budget. The transaction