The planned new bond issue will be labelled as “green”. DNV GL has provided a Second Party Opinion, based on the Green Bond Principles. Although the proceeds are not traceable to specific projects, the bond is assessed as in line with the spirit behind the Green Bond Principles (GBP), which is to “enable capital-raising and investment for new and existing projects with environmental benefits”. Arise is a company whose sole purpose is to develop and own wind farms and as such is dedicated to the realization of environmental benefits, through low-carbon electricity.
Arise is one of Sweden’s leading companies in onshore wind power. Its business concept is to sell electricity generated at the company’s own wind turbines. The company’s target is to have 1,000 MW of onshore wind power constructed and under management by 2017, of which 500 MW will remain in the ownership of the company. Arise is listed on NASDAQ OMX Stockholm.