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Arise buys 70% of Norwegian developer Fenix

RICHARD HEAP

December 18, 2023

Swedish developer Arise has bought a 70% stake in Norwegian wind, solar and storage developer Fenix Repower, which is highly active in Ukraine.

Fenix has 300MW of wind, solar and storage projects in Ukraine that are due to become construction-ready in the next 12-24 months; and is also developing greenfield renewables developments in Norway. Fenix said the investment by Arise would help accelerate its growth plans.

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