Regulatory News:
Arise (STO:ARISE)
Better winds than normal in July resulted in a power production of 46.3 GWh (29.4), which is 5.7 GWh over budget.
Of this 31.5 GWh (20.3) refers to own wind power and 14.8 GWh (9.1) to co-owned wind power.
At present, the market price for electricity is very low, thanks to abundant access to hydroelectric power in Norway and Sweden. Because of advantageous hedging agreements, covering most of the actual electricity production for the current year, the company has ensured electricity revenue that is considerably higher than the prevailing market price.
Halmstad 10 August, 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 10 August 2015.
About Arise
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
E-mail info@arise.se, www.arise.se
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Contacts:
Arise AB
Peter Nygren, CEO
+46 706 300 680