Arise Windpower AB announces Arise concludes conditional agreement for the acquisition of three projects totaling approx. 300 MW

Friday, Nov 02, 2012

Arise Windpower AB (publ) (“Arise”) (STO:AWP) has concluded a conditional agreement with Ownpower Projects AB (“OPP”) for the acquisition of a fully permitted project in Bräcke (60 MW) and two projects in the permit application phase. The projects are located in the municipalities of Bollnäs and Ljusdal (approximately 240 MW) and include about 100 wind turbines.

The agreement is in line with the company’s strategy to develop large wind farms where co-investors may participate.

Halmstad, 1 November 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 (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was released for publication at 16.30 p.m. on 1 November 2012.

Source: Business Wire