2024-11-24
http://w3.windfair.us/wind-energy/news/22978-arise-and-fortum-agree-to-investigate-a-possible-sale-of-the-kolvallen-wind-project

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Arise and Fortum agree to investigate a possible sale of the Kölvallen wind project

Arise AB (publ) group has signed a letter of intent with Fortum Sverige AB regarding a possible sale of the more than 200 MW Kölvallen wind farm currently in final development.

The LOI targets a sale of the Project to Fortum during the second quarter of 2017. However, such a sale will be subject to among other a successful final development of the Project, including that the Project obtains necessary legal force permits, as well as due diligence and an investment decision by Fortum.

The timeline represents a delay from what has previously been communicated by Arise regarding Kölvallen. This is due to longer than expected permitting processes which are still pending.

Source:
Arise AB
Link:
www.arise.se/...
Keywords:
Arise, Fortum, Sweden, wind farm



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