The planned investment decision for Phase 2 of the Jädraås
project, involving the construction of a further 70 MW
(23turbines), has now been taken by the Board
of Directors of Arise. Phase 1 comprises 130MW
(43turbines) and construction is proceeding as
planned.
The total investment for Phase 1 and 2 is SEK
3.1billion. The project is owned in equal
shares by Arise and Platina Partners LLP and is fully
funded.
The Jädraås wind farm is one of northern Europe's largest onshore wind farms with a planned annual production of 560GWh of renewable electricity, of which Arise will account for half.
When the Jädraås wind farm is fully operational in spring 2013Arise will have 240MW in operation with a total annual production of about 640GWh of renewable electricity, including the company's share in the Jädraås project.
Halmstad 3 January 2012
ARISE WINDPOWER AB (publ)
The information contained herein constitutes information which Arise Windpower AB is legally required to publish under the Swedish Securities Market Act (SFS 2007:528) and/or the Swedish Financial Instruments Trading Act. The information was released for publication at 14.30on 3 January 2012.
For further information, please contact
Peter Nygren, CEO Arise Windpower AB, +46
706300 680
Leif Jansson, Director of Investor Relations, Arise
Windpower AB, +46,707 340 554
Mikael Schoultz, Partner Platina Partners LLP,
+44 784 307 4373
About Arise Windpower
Arise Windpower (www.arisewindpower.se) is one of
Sweden's leading companies in onshore wind power. Its
business concept is to sell electricity generated at the
company's own wind turbines. The company's target
is to have about 700MW (equivalent to about
300wind turbines) in operation or under
construction by 2014. Arise Windpower is listed on NASDAQ
OMX Stockholm.
Arise Windpower AB (publ), P.O. Box 808, SE-301 18Halmstad, Sweden, telephone +46 (0)35 2020 900, corporate id .no. 556274-6726
About Platina Partners LLP
) ("Platina") is an independent European
investment firm established in 2002- It focuses on
renewable energy infrastructure projects (mostly wind and
solar) and special situation buyouts to transform
businesses. With equity under management of c.?500m and an
experienced investment team based in London, Paris and
Milan, Platina Partners has a track-record of delivering
value to its investor base which comprises leading
institutional investors, pension funds and family offices.
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