Arise Windpower begins construction on two projects in Sweden -- 10.8-MW Blekhem wind farm in Västervik, 10.8-MW Södra Kärra wind farm in Askersund -- both scheduled to begin operations in spring 2011
December 8, 2010
– Arise Windpower AB (STO:AWP) has decided to start construction on the Blekhem wind farm in the municipality of Västervik. The farm comprises six Vestas V 100 machines with a total output of 10.8 MW and is expected to go into operation in spring 2011.
Also, Arise Windpower AB has decided to start construction on the Södra Kärra wind farm in the municipality of Askersund. The farm comprises six Vestas V 100 machines with a total output of 10.8 MW and is expected to go into operation in spring 2011.
These wind farms are the company’s sixth and seventh in southern Sweden, bringing the total number of wind turbines in operation or under construction to 58, with a total output of 125 MW. The expansion target for 2010 has thus been achieved.
The project comfortably meets the company’s target return on invested capital of 10 per cent. The estimated specific investment cost is about SEK 5.5/annual kWh.
ARISE WINDPOWER AB (publ)
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 8 December 2010 at 08.00 a.m.
About Arise Windpower
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