Arise acquires the Kolvallen project from Ownpower Projects in Sweden

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Arise acquires the Kolvallen project from Ownpower Projects in Sweden

A company within the Arise AB group has exercised its option to acquire all shares in Kölvallen Vind AB, which is the project company that has the rights to develop the Kölvallen wind power project.

Arise has acquired the project company from Ownpower Projects Europe AB (OPP) for a purchase price of US$2.5 million, of which US$1.85 million has been paid in connection with closing of the transaction and US$0,62 million will be paid at a later stage when certain project criteria are fulfilled.  

The project, which is located in Ljusdals municipality, has been developed by Arise together with OPP. The project’s installed capacity is estimated to approx. 180 MW.

Daniel Johansson, CEO of Arise, said:

“We look forward to being able to offer an attractive project to investors in renewable energy. We are also happy with our long-standing partnership with OPP, which provided us with this opportunity,” .

List of country news

Country news

  • March 09, 2016

    EIB and Mirova acquire wind farm in Sweden

    The European Investment Bank (EIB), Mirova and Eolus have formed a consortium for the construction of the Langmarken onshore wind farm located in Värmland County, Sweden. Read more
  • March 04, 2016

    Arise divests the 75 MW Solberg wind farm development project to Fortum

    A fully owned subsidiary within the Arise AB group has entered into an agreement with Fortum Generation AB, for the sale of the construction-ready 75 MW Solberg wind farm in Västernorrland County, northern Sweden Read more
  • January 28, 2016

    Statoil acquires stake in Lundin Petroleum AB

    Statoil recently announced it has acquired a 11.93 % stake in Lundin Petroleum AB at a total purchase price of approximately SEK 4.6 billion (around US$540 million). Read more
  • January 20, 2016

    Mirova's Eurofideme 3 acquires majority stake in Swedish wind farm

    Swedish wind power developer Nordisk Vindkraft and Mirova, the investment and asset management arm of French bank Natixis, have signed agreements for the sale, construction and operational management of the 27.6MW Våsberget wind farm in Gävleborg County, Sweden. Read more
  • December 10, 2015

    Google signs 842 MW of renewable PPAs in US, Chile, Sweden

    Google has singed power purchase agreements (PPAs) for a total of 842 MW of renewable energy to power its data centers.

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.