Arise Windpower to buy up-to-120-MW wind project in Sweden
Aug 1, 2012 - Swedish wind farm developer Arise Windpower AB (STO:AWP) today unveiled a conditional deal to acquire a wind project in Sweden with a capacity of between 75 MW and 120 MW from Ownpower Projects AB.
Arise Windpower said the project, located in Solberg to the west of Ornskoldsvik, was fully permitted and involved 40 turbines, of which it initially planned to build between 25 and 30. The deal, whose value was not disclosed, is conditional on certain detailed issues with landowners being resolved.
Arise Windpower said that detailed development plans were now being prepared and that the wind farm was expected to come online by summer 2014. It added the acquisition was part of its strategy to develop large wind power facilities in Sweden and Norway.