Arise acquires developer of projects in Ukraine
Arise AB (publ) (“Arise”) has today expanded its geographical footprint by partnering with the Norwegian company Fenix Repower AS (“Fenix”), a developer of solar, onshore wind and storage projects in Norway and Ukraine. Arise has acquired 70% of Fenix and will finance Fenix’s project development activities. The purchase price amounts to approximately NOK 330,000. Transaction closing occurred today. Fenix, with its team of 9 employees, including local management in both Ukraine and Norway, has significant experience in developing and constructing infrastructure projects, including