Arise
Arise is a Swedish renewable energy company focused on the development, construction, ownership and operation of wind and solar power projects. Its business also includes project rights, grid connection arrangements and the management of a portfolio of renewable electricity assets, primarily in the Nordic region.
Fiscal year 2024 · change from previous year
Development 2019–2024
Business
Share of revenueDevelopment, ownership and operation of onshore wind projects and wind farms.
Development, ownership and operation of solar power projects and solar parks.
Project rights, land access, permits and development-stage renewable projects.
Sale of electricity generated from owned renewable assets and related balancing activities.
Customers
Arise sells into the power market through electricity production and also works with counterparties involved in renewable project development and asset ownership. Its customers and counterparties include power buyers, project partners, landowners, investors and infrastructure stakeholders that participate in wind and solar project execution. The business is shaped by long project lead times, permitting, grid access and the need to secure offtake or monetization routes for renewable assets.
Buy renewable electricity generated from Arise-owned wind and solar assets, typically through market sales or hedging structures.
Participate in development, ownership or financing of renewable projects and buy into project value creation.
Provide land access, easements or project site rights needed to develop wind and solar projects.
Support grid connection, permitting and technical integration required to bring projects online.
Acquire project rights or development-stage assets when Arise monetizes parts of its portfolio.
Strategy
Arise’s strategy centers on building a portfolio of renewable projects and converting development rights into operating assets and long-term value. It also emphasizes control over the development process, including permitting, grid connection and procurement, to improve execution and preserve project economics. The company seeks to balance near-term electricity production with longer-term value creation from its project pipeline.
A larger pipeline increases future operating assets and monetization opportunities.
Permitting, grid access and procurement determine whether projects can be delivered on time and on budget.
Operating assets provide recurring electricity production and can support long-term cash generation.
Geography
Arise is headquartered in Sweden and its reporting references operations in the Nordic renewable energy market. The company also has project activity in Finland and other Nordic countries, reflecting a business model built around local permitting, land access and grid connection conditions. Geography matters because wind and solar development is highly site-specific and exposed to national power markets, regulation and weather patterns.
Risks
Arise is exposed to permitting, technology, market and weather-related risks that are typical for renewable project developers and operators. Its results also depend on electricity prices, financing conditions, hedging outcomes and the successful delivery of projects with third parties. Because the business combines development-stage assets and operating generation, delays, cost overruns or changes in policy can affect both project value and production income.
- Electricity price riskImpact: HighLikelihood: Medium
Revenue from power production depends on market prices and hedging outcomes.
Exposure: Nord Pool and Nordic power markets
- Permitting and regulatory riskImpact: High
Wind and solar projects require environmental and local approvals, and delays can postpone revenue and increase costs.
Exposure: Project development pipeline
- Financing and interest rate riskImpact: High
Renewable projects are capital intensive and depend on access to funding and acceptable borrowing costs.
Exposure: Project development and asset ownership
- Project execution and counterparty riskImpact: MediumLikelihood: Low
Development depends on landowners, contractors, grid operators and acquisition counterparties.
Exposure: Project portfolio and acquisitions
- Weather and resource variabilityImpact: Medium
Wind speed, solar irradiation and seasonal conditions directly affect generation volumes.
Exposure: Owned wind and solar assets
Accounting
Judgemental itemsProject portfolio purchases may be treated as asset acquisitions, affecting goodwill recognition and purchase price allocation.
Impact: Acquisitions such as Pohjan Voima and Fenix Repower were assessed as asset acquisitions
Electricity futures, interest rate swaps and currency futures are measured at fair value and can move earnings and balance sheet values.
Impact: Hedging instruments may create gains or losses in each reporting period
Guarantees and counter-indemnities support project obligations and may require disclosure or provisioning.
Impact: Project-related obligations can affect perceived leverage and risk
Renewable assets and project rights depend on long-term assumptions about prices, output and discount rates.
Impact: Changes in assumptions can trigger impairment charges
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Last updated: 24/09/2026