Increased service life in Arise’s wind farms
Following an in-depth technical analysis performed by a third party, the expected economic lifetime for the company’s own wind farms will increase from an average of 25 years to approximately 30 years. This is expected to result in about a MSEK 9 decrease in depreciation annually, starting in August 2020.
”I am delighted that our wind farms are expected to have a 30-year service life following a proper examination. The remaining service life thereby increases from just over 15 to just over 20 years, strengthening the long-term value of our wind farms.”, says Daniel Johansson, CEO.
Halmstad 17 July, 2020
ARISE AB (publ)
For further information, please contact
Daniel Johansson, CEO Arise AB, +46 702 244 133
Linus Hägg, CFO Arise AB, +46 702 448 916
This information is information that Arise AB is obliged to make public pursuant to the EU MarketAbuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8.00 am CET on 17 July, 2020.
Arise is one of Sweden's leading wind power companies, with the business concept to develop, build and manage onshore wind farms for its own account and on behalf of investors. The company is listed on NASDAQ Stockholm.
Arise AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone +46 (0)10 450 71 00, corporate id. no. 556274-6726
E-mail firstname.lastname@example.org, www.arise.se