At closing, Arise will receive a fixed consideration of
The transaction will be implemented through a sale of the shares in
Arise will manage the construction, and once operational, manage the Projects on behalf of TRIG and InfraRed through construction and asset management agreements. This will expand Arise's asset management portfolio to more than 1 350 MW.
Siemens Gamesa will be supplying 39 turbines with a capacity of 6.2 MW each. Construction of the Projects is expected to begin in Q3 2021 and to be completed in the first half of 2024.
"We are very pleased to announce yet another transaction with TRIG and InfraRed following the successful sale of the Jädraåsen wind farm in 2019. Although the Salsjö project has proved to be challenging we demonstrate our ability to develop projects even under difficult circumstances. By comparison, our remaining wind development portfolio has considerably higher profit potential which solidifies the strong economic prospects we see ahead".
Halmstad
For further information, please contact:
Daniel Johansson,
Linus Hägg,
This information is such information as
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About Arise
Arise is a leading independent company that realises new green energy. The company develops, builds, sells and manages renewable electricity production. The company is listed on NASDAQ Stockholm.
https://news.cision.com/arise-ab/r/arise-announces-the-sale-of-the-wind-farms-ranasjo--and-salsjohojden,c3354494
https://mb.cision.com/Main/707/3354494/1423194.pdf
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