LAHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
The Mombyåsen project is located in the municipality of Sandviken, just to the south of the Jädraås Wind Farm, which has been operating since 2012 and is half-owned by Arise.
The planned wind farm in Mombyåsen is covered by a permit for up to twelve wind turbines, of which it is intended to build ten. The project was originally developed by E.ON Wind Sweden AB.
Arise has now acquired all project rights from E.ON Wind Sweden AB and intends to build the wind farm on behalf of another owner. Negotiations with the intended buyer are underway.
When completed and operating, the ten turbine wind farm is expected to produce over 100 GWh of electricity per year.
Halmstad 1 June, 2015
ARISE AB (publ)
The information contained herein constitutes information which Arise 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 14.00 p.m. on 1 June 2015.
Arise is one of Sweden's leading wind power companies with the business concept to develop, build and manage onshore wind farms for its own account and on behalf of investors. The company is listed on NASDAQ OMX Stockholm.
Arise AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone 46 (0)35 20 20 900, corporate id .no. 556274-6726
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