A company within the Arise AB (publ) group today entered into an agreement for
and acquired all shares in Bröcklingberget Vindkraft AB, which is the project
company that has the rights to the Bröcklingberget wind power project (“the
Project”).
Since previously, Arise has an option to acquire the Project from Ownpower
Projects Europe AB (“OPP”). The Project has now entered a stage where Arise
finds it attractive to acquire the Project and finalise the development work
pending a future sale. In all material aspects, the purchase price comprises an
earn-out when and if the Project is realised. The earn-out has a cap and is
related to the final size of the Project.
The Project is located in the municipality of Bräcke. Permits for the Project
have gained legal force but the grid connection remains to be secured. The
Project has been developed by Arise together with OPP and is expected to
comprise a maximum of 25 wind turbines in an area with good wind conditions. The
Project’s installed capacity is thereby estimated to up to approx. 60 MW. The
final size and realisation of the Project depends on successful optimisation and
that the grid connection can be secured.
The acquisition of Bröcklingberget lies within Arise’s strategy to acquire and
develop attractive wind power projects for the purpose of selling them on to
external investors.
“We are happy to add yet another interesting project to our portfolio and that
our cooperation with OPP has proven to be successful once again”, says Daniel
Johansson, CEO of Arise.
Halmstad 17 October, 2016
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 Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact person set out above, at 13.20
CET on 17 October 2016.
About Arise
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 OMX Stockholm.
Arise AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone 46 (0)35 20
20 900, corporate id .no. 556274-6726
E-mail info@arise.se, www.arise.se
