Arise announces the acquisition and subsequent sale of the 115 MW Svartnäs wind farm to a fund managed by BlackRock
Arise AB (publ) (“Arise”) has exercised its option right to acquire the 115 MW Svartnäs wind farm (the “Project”) from Bergvik Skog 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 up to 97 MSEK over the years 2017 – 2019, including some profit taking relating to existing certificate hedges. The final outcome in