Arise AB: Electricity Production in March 73.4 GWh
Arise AB (STO:ARISE) (STO:AWP)
Better than normal winds in March resulted in monthly electricity production of around 73,400 MWh, which is slightly above budget. The outcome for the same month last year was around
Of the total figure, 41,000 MWh refers to Arise-owned wind farms and 32,400 to joint-owned wind farms.
Total production in the first quarter was about 196,600 MWh, of which 125,700 MWh was generated by Arise-owned wind farms and 70,900 MWh by joint-own wind farms (Jädraås).
Assuming continued normal winds, total electricity production in the current year is expected to be around 700,000 MWh.
Halmstad 8 April 2014
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 13.15 p.m. on 8 April 2014.
Arise is one of Sweden's leading companies in onshore wind power. Its business concept is to sell electricity generated at the company's own wind turbines. The company's target is to have 1,000 MW of onshore wind power constructed and under management by 2017, of which 500 MW will remain in the ownership of the company. Arise is listed on NASDAQ OMX Stockholm.