Arise subsidiary Pohjan Voima divests 125 MW battery project
Arise AB (publ) ("Arise") has, through its Finnish subsidiary Pohjan Voima Oy, entered into an agreement to divest the Keminmaa ready-to-build battery project. The purchaser of the asset is Luxcara, a Hamburg-based independent asset manager focused on energy transition infrastructure investments across Europe. Keminmaa, located in southern Lapland, is expected to be among Finland’s largest battery assets once constructed, with a capacity of 125 MW. The project benefits from a fast-track grid connection to a Fingrid substation in the immediate vicinity. Construction of the project is