Kategori: Arise

Arise AB (publ) (”Arise”) today entered into a partnership agreement with SCA, Europe’s largest private forest owner, regarding the development of onshore wind power on parts of SCA’s land in Sweden.

The development partnership with SCA is another step in Arise’ focus to deepen cooperations with landowners in the company’s core markets with the aim developing and constructing new wind power. Arise and SCA have identified six concrete land areas with an estimated total potential of approximately 1,000 MW. The identified land areas are believed to have good prospects to realize projects on during the coming 5 – 10 years and contribute to meeting the increasing demand for renewable energy in Northern Sweden. The companies will cooperate in the development phase of the projects, which Arise will have a 49% ownership in once they reach ready-to-build status. The projects will be included in Arise’ project portfolio as early-stage projects.

Per-Erik Eriksson, CEO, Arise AB:

”We are obviously very happy and proud to start a development partnership with SCA. The scope of this partnership implies that we will contribute significantly to the energy transition. It is my firm belief that together we have an exceptionally strong platform to develop onshore wind power in larger scale, which also is of benefit for Swedish industry’s competitiveness”.

Halmstad 20 October 2023

ARISE AB (publ)

For further information, please contact:

Per-Erik Eriksson, CEO Arise AB, +46 702 409 902

Markus Larsson, CFO Arise AB, +46 735 321 776

Arise AB (publ) (”Arise”) has entered into an agreement with SCA, Europe’s largest private forest owner, for the sale of the 105 MW wind farm Fasikan (the ”Project”). Closing occured today.

The transaction covers all the shares in Fasikan Vind AB at an enterprise value of approximately SEK 1.6 billion. The project is sold in ready-to-build status at a share purchase price of approximately SEK 125 million. The purchase price includes a variable portion which is dependent upon how construction of the project progresses in relation to budget. Furthermore, Arise will manage the construction in accordance with a construction management agreement.

Nordex will be supplying 15 turbines with a total nominal capacity of 105 MW and the wind farm is expected to be commissioned in the beginning of 2026.

Per-Erik Eriksson, CEO, Arise AB:

”We are very happy to be able to divest Fasikan under current market conditions and are especially happy to do it to SCA which creates conditions for a long and successful collaboration.”

Halmstad 20 October 2023

ARISE AB (publ)

For further information, please contact:

Per-Erik Eriksson, CEO Arise AB, +46 702 409 902

Markus Larsson, CFO Arise AB, +46 735 321 776

Weaker wind conditions than normal during the third quarter of the year resulted in a power production of 59.8 GWh, compared to the quarter’s budget of 67.0 GWh.

Halmstad, 9 October 2023

ARISE AB (publ)

For further information, please contact:

Per-Erik Eriksson, CEO Arise AB, +46 702 409 902

Markus Larsson, CFO Arise AB, +46 735 321 776

This information is information that Arise AB is obliged to make public pursuant to the EU MarketAbuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15.00 CEST on 9 October, 2023.

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Arise AB (publ) (“Arise”) today holds its Capital Markets Day in Stockholm. Arise’s CEO Per-Erik Eriksson, together with other representatives of the company, will present an update about Arise’s business as well as introduce financial targets for the company as outlined below.

Financial targets

Project portfolio

> 10,000 MW* by the end of 2025.

Project sales or FID

> 400 MW* in total during 2024-2025.

> 500 MW* per year, on average, during 2026-2028.

EBITDA margin within Production

> 60%

Equity ratio

> 30%

Dividend

> 20% of net profit attributable to Arise’s shareholders.

* Including part-owned projects

“This illustrates our ambitious and profitable growth targets for the coming years. We are well-positioned to deliver on these, primarily due to our successful diversification regarding geography and technology which we start to see results from already. The energy market is characterized by the ongoing green transition and security of supply and will probably be so for decades ahead. We are part of the solution, and we are confident in our ability to create attractive shareholder value in the coming years”, says Arise’s CEO, Per-Erik Eriksson.

Halmstad, 12 September 2023

Arise AB (publ)
For further information, please contact:
Per-Erik Eriksson, CEO, Arise AB, +46 702 409 902

This information is information that Arise AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 12 September 2023 at 08.00 CEST.