Arise will start its first major wind power project in Norway – 130 MW
| Source:Arise Windpower AB
Conditional agreement for acquisition of project in Norway.
Arise Windpower AB (publ) (“Arise”) has concluded a conditional agreement with
Havgul clean energy AS (“Havgul”) for the acquisition of a project in Aremark
municipality, Norway that is currently in the permitting process. Start of
construction can be done at the earliest in 2014.
The project covers up to 45 wind turbines with a maximum total capacity of
around 130 MW.
The agreement is in line with the company’s strategy of diversification by
developing major wind farms in Norway and Sweden, independently and in
partnership with other long-term investors.
Havgul, which is headquartered in Oslo, is a Norwegian developer of large wind
projects in Norway, Sweden and the United States.
Halmstad, 28 January 2013
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 15.30 pm. on 28 January 2013.
For further information, please contact
Peter Nygren, CEO Arise Windpower AB, +46 706 300 680
Leif Jansson, Investor Relations Arise Windpower AB, + 46 707 340 554
Ketil Reed Aasgaard, CEO Havgul clean energy AS, +47 90705156
About Arise 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 1,000 MW of onshore wind power
constructed and under management by 2017, of which 500 MW will remain in the
ownership of the company. 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
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