Arise AB (publ) entered into a partnership agreement with SCA, regarding the development of onshore wind power on parts of SCA's land in Sweden. The development partnership with SCA is another step in Arise' focus to deepen cooperations with landowners in the company's core markets with the aim developing and constructing new wind power. Arise and SCA have identified six concrete land areas with an estimated total potential of approximately 1,000 MW.

The identified land areas are believed to have good prospects to realize projects on during the coming 5 - 10 years and contribute to meeting the increasing demand for renewable energy in Northern Sweden. The companies will operate in the development phase of the projects, which Arise will have a 49% ownership in once they reach ready-to-build status. The projects will be included in Arise' project portfolio as early-stage projects.