Arise publishes Annual Report 2021
Arise has signed asset management agreement in Finland
Arise AB (publ) (”Arise”) has signed an asset management agreement with BlackRock regarding four wind farms in Finland, with an installed capacity of close to 200 MW. In addition to these four wind farms, which are under construction, Arise already manages one of BlackRock’s commissioned wind farms in Finland and the assignment now totals 219 MW.
”We are very proud that BlackRock choses to continue building upon our long-standing relationship and the assignment is an important step in our geographical expansion”, says Per-Erik Eriksson, CEO, Arise AB.
Power production in March 21.2 GWh
Significantly weaker wind conditions than normal in March resulted in a power production of 21.2 GWh, compared to the month’s budget of 31.1 GWh.
Halmstad, 7 April 2022
ARISE AB (publ)
Arise appoints new head of business development and M&A
Daniel Cambridge has been appointed as the new Chief Commercial Officer at Arise AB (publ) (“Arise”) where he will be responsible for new business development and M&A activities. He will take office 2nd May 2022, when he also will form part of Group Management.
Most recently Daniel Cambridge has been a Director for UK and Irish subsidiaries of ib vogt GmbH, an integrated German solar pv and battery storage developer. Daniel has also, among others, worked as Senior Investment Manager at Foresight Group LLP, working within their Infrastructure team.
”We welcome Daniel as a new member in our Group Management. He is a key recruit in realizing our new strategy to diversify our business in terms of geographies and technology. Daniel´s background and experience is a perfect match for our growth plan”, says Per-Erik Eriksson, CEO, Arise AB.
Catella exits its Corporate Finance operations in the Baltics
Following Friday’s press release on Catella winding down its German Corporate Finance operations, Catella today announces the decision to exit its Corporate Finance operations in the Baltics.
Both decisions were based on a strategic review of the Corporate Finance business area with the aim of identifying markets where Catella Corporate Finance has a strong market position or an opportunity to reach a solid and profitable position.
“As with our German Corporate Finance operations, we have concluded that we will not be able to reach the strong market position that is necessary to be successful in the Baltics. Exiting the German and Baltic Corporate Finance markets means that we can now wholeheartedly focus on growth and expansion of our remaining five strong markets and our pan-European offering in Debt Advisory. Corporate Finance is at the heart of Catella, and we are excited about our future growth in our core markets. It is never an easy decision to wind down an operation and I extend my best wishes to the Baltics team going forward.” says Christoffer Abramson, CEO Catella
The exit will take place during the second quarter of 2022 and have limited impact on financials.