Acquisition by Arise AB (publ) of majority stake in Pohjan Voima Oy

Arise AB (publ)

Posted on

16 Mar


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Deal value:

Up to approximately EUR 30,000,000

We advise Arise AB (publ), one of Sweden’s leading independent companies in renewable energy, in entering into a strategic partnership with Pohjan Voima Oy, a Finnish onshore wind and solar company, whereby Arise has agreed to acquire 51% controlling interest in Pohjan Voima Oy.

Pohjan Voima Oy has developed a well-diversified portfolio of onshore wind and solar projects across Finland. The current portfolio size is approximately 1.7 GW which includes 1.0 GW of wind projects where land use planning and environmental impact assessment processes are ongoing and 700 MW of wind and solar projects at pre-planning stage.

The transaction marks an important step in Arise’s strategy of diversifying its operations both geographically and technologically.

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