Legally binding permits for 11 turbines in "Treriksröset" project
ET | Source:Arise AB
Following a ruling by the Svea Court of Appeal on the Treriksröset project,
Arise has expanded its project portfolio with permits for eleven new turbines.
Arise had appealed the ruling of the environmental court to the Environmental
Court of Appeal, and in December the latter gave permission for the case could
be heard, which is unusual.
A final ruling has now been made as a result of which the Company will be
permitted to build eleven turbines. The Court of Appeal has thus overturned the
decisions of the county administrative board and environmental court in favour
of the Company. Another consequence of the ruling is that the method of
measuring the noise produced by a wind turbine will be simplified, which will
benefit the whole industry.
The project is now ready to move on to a phase preparatory phase, which will
begin immediately with the aim of commencing construction as soon as all
preparatory work has been completed.
Halmstad 1 September, 2014
ARISE AB (publ)
For further information, please contact
Lars Fröding, COO and Deputy CEO, +46 730 758 400
Peter Nygren, CEO Arise AB, +46 706 300 680
The information contained herein constitutes information which Arise 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 p.m. on 1 September 2014.
Arise 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 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 firstname.lastname@example.org, www.arise.se
GlobeNewswire, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.