Arise Windpower has agreed a deal to sell its 12.8MW Bohult windfarm in Sweden to a fund managed by Allianz Global Investors.
The Swedish company said the AREF2 fund will acquire the project for €19.1million on a cash and debt basis.
Arise chief executive Daniel Johannson said: “We are proud to announce what we think is an attractive transaction for Arise despite relatively tough market conditions.
“We are now working with full force to achieve completion of the transaction during the fall.”
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