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Established in 2007 and headquartered in Sweden, Arise has evolved into a leading independent renewable energy developer with a footprint in Sweden, the UK, Finland, Norway and Ukraine. Listed on Nasdaq Stockholm, Arise is active across complete project value chain – from exploration and permitting to financing, construction, divestment, and the long-term management of renewable electricity production.
On 15th December 2023, Arise completed the acquisition of a controlling stake in Fenix Repower, a developer of solar, onshore wind and energy storage projects in Norway and Ukraine.
Read more about the acquisition here.
Arise finances the development phase of Fenix Repower’s projects and supports their construction and operation activities through utilising our extensive expertise and resources.
Arise has been active in the Norwegian market for a number of years, developing early-stage greenfield projects and also providing third party asset management services.
Whilst the Norwegian market has been turbulent in the last few years, we believe it is likely that the uncertainties will soon be settled and that development in Norway can resume and accelerate.
Project economics are likely to be more challenging due to the new tax regime, but due to favourable wind conditions Arise believes there is still significant value to be created in greenfield onshore wind development.
The Fenix team in Norway will ramp up and manage Arise's greenfield development in Norway, which currently comprises a number of leads and early-stage projects.