Arise AB has signed a five year operations management agreement with Storrun
Windfarm, which represents 30 MW installed capacity. This agreement was signed
following the acquisition of Storrun Windfarm by Prime Super, an Australian
superannuation fund advised by Whitehelm Capital.
Stephen Burns, Head of Investments Europe and Americas, Whitehelm Capital says:
“Whitehelm Capital is a long-term investor that invest in assets with stable
long-term cashflows. This investment, with five years of operating history, a
long-term power purchase agreement and a wrapped operations and maintenance
agreement, will be a good fit for Prime Super’s portfolio. We would hope that
this investment is the first of many in the Nordic renewables sector.”
Peter Nygren, CEO Arise: “Arise has since the company started continuously
invested in the ability to monitor and control our wind farms in order to secure
optimal production and maintenance. We see this agreement with Whitehelm Capital
as a confirmation of our competence in this field.”
Arise now manage some 450 MW thereof about 260 MW owned by Arise. The estimated
annual production in the windfarms Arise manage, amounts some 1.1 TWh
(corresponding to about 10 per cent of the total wind power production in Sweden
in 2014).
Halmstad 8 January, 2015
ARISE AB (publ)
For further information, please contact
Leif Jansson, Investor Relations, Arise AB, +46 707 340 554
Per-Erik Eriksson, Head of Asset Management and JV´s, Arise AB, +46 702 409 902
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 11.00 a.m. on 8 January 2015.
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
