Arise announces the acquisition and subsequent sale of a 37 MW wind farm to a fund managed by BlackRock
Arise AB (publ) (“Arise”) has exercised its option right to acquire the appr. 37 MW Enviksberget wind farm (the “Project”) from Dala Vind AB. Subsequently, Arise has entered into an agreement with a fund managed by BlackRock, the world’s largest asset manager, for the sale of the Project. Arise has performed final 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 40 million in total over the years 2018 and 2019. The final outcome in terms of earnings and cash flow is dependent