The expansion of Swedish wind power has generally slowed down, mainly due to low
electricity and certificate prices. This applies also to Arise. Our previously
communicated target – to build a further 650 MW of onshore wind power capacity
by the end of 2017 – has therefore been revised as follows:
The company’s general goal is to give its shareholders a good return in the form
of dividends and capital growth through efficient funding, management, operation
and project development in the area of renewable energy.
Our strategy for creating shareholder value is, in the short term, to focus on
cash flows rather than growth in our own production capacity, this includes the
sale of a small portion of our existing operational assets. By using released
capital primarily to reduce the company’s net debt and interest expense, the
company’s financial position and cash flows will strengthen. Further, our
intention is to create additional revenue within the area of project development
by selling projects ready for construction to investors, including construction
and asset management.
We remain convinced that owning wind power assets is a prudent and profitable
strategy, and our ambition is therefore to increase our own production capacity
over the longer term. We do so by investing in new, wholly owned and co-owned
projects where Arise will deliver efficient construction and asset management.
Our intention is to fund the continued long-term expansion from the company’s
own cash flows.
We believe a combination of revenues from project development and management as
well as from the sale of generated electricity is an effective means of creating
shareholder value and strong cash flows, in the short term as well as longer
-term.
More information and today’s capital markets presentation is available on our
website, www.arise.se.
Halmstad 9 October, 2014
ARISE AB (publ)
For further information, please contact
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 08.00 a.m. on 9 October 2014.
About Arise
Arise is one of Sweden's leading onshore wind power companies. The company´s
business concept is to develop, build and manage wind farms for its own and
investors´ account with the aim of selling electricity produced by onshore wind
turbines. 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 info@arise.se, www.arise.se
