Environmental & Social Information • Sep 24, 2010
Environmental & Social Information
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PRESS RELEASE Halmstad, 24 September 2010
Under the agreement Svevia will carry out at least half of the land improvement and infrastructure works that will be required for the implementation of Arise Windpower's planned expansion over the coming five-year period. The expansion plans envisage the construction of a further 250 onshore wind turbines by the end of 2014, in addition to the 50 turbines that are already operational or under construction. The cost of the infrastructure works for the planned expansion is estimated at SEK 800 million.
"This deal will make Svevia Sweden's leading partner for the construction of new wind turbines. We are very proud that Arise Windpower has chosen us as their partner. We are pushing the door ajar for the new market created by the need to adjust to climate change,"P-O Wedin, CEO of Svevia AB, says.
"We have now engaged Svevia in three projects and we are very satisfied with their work. Svevia has lived up to our tough standards on quality, cost efficiency and a fast pace of construction in the projects. Expanding our partnership to cover a larger portion of our planned expansion in southern Sweden is therefore a natural next step," Peter Nygren, CEO of Arise Windpower, says.
Halmstad, 24 September 2010 Gothenburg, 24 September 2010
ARISE WINDPOWER AB (publ) SVEVIA AB
The above information is such that Arise Windpower AB (publ) is required to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 24 September 2010 at 08.00 a.m.
Anders Asp, Regional Manager, Svevia AB, +46 703 183 123 Peter Nygren, CEO Arise Windpower AB, +46 706 300 680
Arise Windpower is one of Sweden's leading companies in onshore windpower. Arise Windpower's business concept is to sell electricity generated at the company's own onshore wind turbines in southern Sweden. The company is aiming to install and put into operation about 300 wind turbines with an annual output of about 2 TWh of green electricity by 2014. Arise Windpower is listed on NASDAQ OMX Stockholm. www.arisewindpower.se
Arise Windpower AB (publ), Box 808, SE-301 18 Halmstad, Sweden, tel. +46 (0)35 20 20 900, org.no. 556274-6726 E-mail: [email protected], www.arisewindpower.se
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