Arise enters into agreement to sell 40 MW battery project
Arise AB (publ) (”Arise”) has entered into an agreement with Flower Infrastructure Technologies AB (“Flower”) to sell the battery project Pajkölen with a capacity of 40 MW. The transaction covers all the shares in Pajkölen BESS AB, which owns the project rights. The purchase price will amount to a maximum of approximately SEK 30 million. Approximately SEK 15 million will be received at closing and the remaining part at completion of the grid connection. Closing is conditional upon certain approvals from authorities and is expected to occur during the fourth quarter of 2024. The grid