Interim Report for the period 1 January - 31 March 2010


PRESS RELEASE				Halmstad, 20 May 2010                                          

Interim Report for the period 1 January - 31 March 2010
                       
Net sales for the period totalled TSEK 14,293 (438). 

Operating result before depreciation (EBITDA) totalled TSEK 4,146 (-4,872). 

Operating result (EBIT) totalled TSEK -2,426 (-5,200). 

Net result was TSEK -4,906 (-3,170), equivalent to a loss per share of SEK
0.19(0.22). 

Average income was SEK 761 (628) per MWh for electricity and SEK 341 (-)
per MWh for electricity certificates. 

The period was characterised by low electricity production levels due to 
unusually poor winds and extreme electricity prices, a combination that led
to a lower result than expected as previously announced. 

The company was admitted to the NASDAQ OMX Stockholm main list on 24 March
2010. A simultaneous new share issue which, along with the exercise of
warrants, 
provided the Company with proceeds of MSEK 554 before issue expenses. 

Significant events after the close of the reporting period                      

Arise Windpower signed a 10-year co-operation agreement with E.ON Elnät AB 
covering electrical connection of the wind farms planned by the Company
within E.ON's area in southern Sweden. In connection thereto, the electricity
grid station in Knäred with appurtenant transmission lines was transferred to 
E.ON Elnät AB. The agreement is expected to have a  positive impact of MSEK 5.2
on this year's earnings, including a nonrecurring effect of MSEK 3.8, and a 
positive effect on cash flow of MSEK 25.8 during the second quarter of 2010. 

Several new land lease agreements have been signed, amongst other one with 
particular favourable wind conditions in Skåne. 

Halmstad, 20 May 2010                                                           
                                                                                
ARISE WINDPOWER AB (publ)                                                       

The above information is such that Arise Windpower AB (publ) is required to     
disclose under the Securities Market Act and/or the Financial Instruments       
Trading Act. The information was submitted for publication on 20 May 2010 at    
16.00 pm.                                                                       
                                                                                
For additional information, please contact                                      

Peter Nygren, CEO, Tel. +46(0)706-300 680                                       
Thomas Johansson, CFO, Tel +46 (0)768-211115                                    
Bo Rydlinger, IR Tel. 0703-300 853                                              
                                                                                

About Arise Windpower                                                           
Arise Windpower is one of Sweden's leading land-based wind power companies.     
Arise Windpower's business concept is to sell electricity produced by its own   
land-based wind turbines in southern Sweden. The company's goal is to commission
approximately 300 wind turbines by 2014 which will produce around 2 TWh of      
environmentally friendly electricity per year. Arise is quoted on NASDAQ OMX    
Stockholm. www.arisewindpower.se                                                

Arise Windpower AB (publ), Box 808, 301 18 Halmstad, tel. +46 35 20 20 900,     
org.nr. 556274-6726                                                             
E-mail: info@arisewindpower.se, www.arisewindpower.se

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awp q1-10 20 maj eng.pdf