The expansion of Swedish wind power has generally slowed down, mainly due to low electricity and certificate prices. This applies also to Arise. Our previously communicated target – to build a further 650 MW of onshore wind power capacity by the end of 2017 – has therefore been revised as follows:
The company’s general goal is to give its shareholders a good return in the form of dividends and capital growth through efficient funding, management, operation and project development in the area of renewable energy.
We remain convinced that owning wind power assets is a prudent and profitable strategy, and our ambition is therefore to increase our own production capacity over the longer term. We do so by investing in new, wholly owned and co-owned projects where Arise will deliver efficient construction and asset management. Our intention is to fund the continued long-term expansion from the company’s own cash flows.
We believe a combination of revenues from project development and management as well as from the sale of generated electricity is an effective means of creating shareholder value and strong cash flows, in the short term as well as longer-term.
More information and today’s capital markets presentation is available on their website, www.arise.se.
Arise is one of Sweden’s leading onshore wind power companies. The company´s business concept is to develop, build and manage wind farms for its own and investors´ account with the aim of selling electricity produced by onshore wind turbines