Announces partnership with landowner
Earlier today (19 July), Arise announced that it has entered into a partnership with the landowner Hällefors Tierp Skogar (HT Skogar). The partnership agreement gives Arise exclusive rights to develop >1,500 MW of greenfield onshore wind power on land owned by HT Skogar. The land areas are in electricity price area SE3 in Sweden, which is known for higher-than-average electricity prices and therefore greater investor interest. As this is a greenfield project, it will, if successful, start to generate sales 5-7 years from now. Therefore, there is a long way to go before the project will be handed over, meaning that several uncertainties remain.
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