PRESS RELEASE Halmstad 24 June 2010
Loan agreement signed with Swedbank for Kåpult wind power project
Arise Windpower AB (Arise) has signed an agreement with Swedbank for loan
financing of the Kåphult wind power project in the municipality of Laholm. The
project encompasses 7 wind turbines with an aggregate effect of 17.5 MW.
It is anticipated that construction will commence after the summer and that the
turbines will go into operation during December 2010. This is Arise's sixth wind
farm in southern Sweden. The company will now have 43 wind turbines in operation
or under construction, with a total effect of 95 MW. The rate of expansion is in
accordance with plan.
The project will satisfy the company's minimum returns requirement of 10 per
cent of total invested capital. The estimated specific investment cost is
approximately SEK 5.5/kWh per year.
Halmstad 24 June 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 24 June 2010 at
07.30 am.
For additional information, please contact
Peter Nygren, CEO Tel. +46(0)706-300 680
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 Windpower
is listed on NASDAQ OMX Stockholm.
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
