The environmental permit application for project Kölvallen has been denied
Since previously Arise has made public its intention to divest project Kölvallen during 2017. Unfortunately, the Land and Environment Court of Appeal has today notified that the environmental permit application has been denied given the project’s current prerequisites. This means that the project cannot be divested during 2017. Instead a new permitting process needs to be initiated according to the court. Arise plans to initiate such a process. However, at this stage Arise cannot provide any guidance whether a permit eventually will be granted or if so when.
Halmstad 19 June, 2017
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 17.50 CET on 19 June, 2017.
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