Sweden’s Arise Windpower has agreed to purchase three onshore wind energy projects from Ownpower with a combined capacity of 300MW.
Arise Windpower AB (publ) (“Arise”) (STO:AWP) has concluded a conditional agreement with Ownpower Projects AB (“OPP”) for the acquisition of a fully permitted project in Bräcke (60 MW) and two projects in the permit application phase. The projects are located in the municipalities of Bollnäs and Ljusdal (approximately 240 MW) and include about 100 wind turbines.
The agreement is in line with the company’s strategy to develop large wind farms where co-investors may participate.
Halmstad, 1 November 2012 ARISE WINDPOWER AB (publ)
The information contained herein constitutes information which Arise Windpower AB is legally required to publish under the Swedish Securities Market Act (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was released for publication at 16.30 p.m. on 1 November 2012.
Windpower Arise Windpower is one of Sweden’s leading companies in onshore wind power. Its business concept is to sell electricity generated at the company’s own wind turbines. The company’s target is to have about 700 MW (equivalent to about 300 wind turbines) in operation or under construction by 2014. Arise Windpower is listed on NASDAQ OMX Stockholm Arise Windpower AB (publ), Box 808, SE-301 18 Halmstad, Sweden, tel. +46 (0)35 20 20 900, org.no. 556274-6726 E-mail: email@example.com, www.arisewindpower.se