28.08.2015 09:24:00
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Arise and Other Producers Do Not Support a Separate New System for Offshore Wind Power
Regulatory News:
Arise AB: (STO:ARISE)(STO:AWP)
A group of leading Swedish wind power companies and landowners believe a separate new support system for offshore wind power is an expensive as well as unnecessary way to increase the share of renewable energy in Sweden. The same benefits can easily be achieved through onshore wind power.
With a strong electricity grid, a sparsely populated country and good wind resources, Sweden has every opportunity to increase the expansion of onshore wind power. The same investment at sea would increase the bill by hundreds of billions of kronor – a cost which would ultimately be borne by Sweden’s electricity customers. And this entirely without need.
A transition to a non-fossil fuel economy is of course desirable. Currently by far the fastest and most cost-effective road there is to continue to invest in Swedish onshore wind power. Yet it is imperative that Swedish policymakers quickly decide how to revise of the current support system for renewable energy, known as the electricity certificate system, and also decide to raise the level of ambition for the continued roll-out of cost-effective, non-fossil fuel electricity.
Halmstad 28 August, 2015
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 09.15 a.m. on 28 August 2015.
About Arise
Arise is one of Sweden's leading wind power companies with the business concept to develop, build and manage onshore wind farms for its own account and on behalf of investors. The company is listed on NASDAQ OMX Stockholm.
Arise AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone 46 (0)35 20 20 900, corporate id .no. 556274-6726
E-mail info@arise.se, www.arise.se
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