Arise acquires the Bröcklingberget project from Ownpower Projects
A company within the Arise AB group has entered into an agreement with Ownpower Projects Europe AB (OPP). to acquire all shares in Bröcklingberget Vindkraft AB, the project company that has the rights to the Bröcklingberget wind power project.
Having entered into stages of completion, Arise acquired the full stake and began finalising the development work pending a future sale. Financial details of the deal have not been divulged by either company.
The purchase price comprises an earn-out when and if the project is realised. The earn-out has a cap and is related to the final size of the project.
The project is located in the municipality of Bräcke. Permits for the project have gained legal force but the grid connection remains to be secured. The project has been developed by Arise together with OPP and is expected to comprise a maximum of 25 wind turbines in an area with good wind conditions. The project’s installed capacity is thereby estimated to up to approx. 60 MW. The final size and realisation of the Project depends on successful optimisation and that the grid connection can be secured.
Daniel Johansson, CEO of Arise, said:
“We are happy to add yet another interesting project to our portfolio and that our cooperation with OPP has proven to be successful once again”.
Country news
-
-
October 20, 2016
OX2 signs 148 MW wind power deal with Aquila Capital and Google
Aquila Capital, an European asset manager of alternative investments, has signed a purchase agreement with renewable energy company OX2 for a turnkey wind farm with 41 turbines in northern Sweden. Read more -
October 05, 2016
Arise has entered into an agreement with Kraftö for the acquisition of a project portfolio of 370 MW
Arise has entered into an agreement with Kraftö for the acquisition of parts of Kraftö’s project portfolio. In total, the acquisition comprises five projects corresponding to approx. up to 370 MW, provided that all projects obtain legal force permits. Read more -
September 28, 2016
Arise and Fortum agree to investigate a possible sale of the Kölvallen wind project
Arise AB group has signed a Letter of Intent (LOI) with Fortum Sverige AB regarding a possible sale of the 180 MW Kölvallen wind farm in Sweden currently in final development. Read more -
September 16, 2016
Stefan Dohler appointed new CFO of Vattenfall
Stefan Dohler has been appointed new Chief Financial Officer (CFO) of Vattenfall as of 1 December 2016. Stefan Dohler is currently Senior Vice President for the Business Area Markets and a member of Vattenfall’s group executive management team. Read more -
September 16, 2016
NIB provides complementary loan to biomass CHP plant in Stockholm
NIB has signed a 10-year loan with Fortum Värme Holding to finance the recently inaugurated biomass combined heat and power plant in Värtan, Stockholm of Sweden. Read more
