# Arise

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/arise).

## Overview

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.

## Products & services

• Wind power project development
• Solar power project development
• Ownership and operation of renewable power assets
• Project rights and land/site development
• Grid connection and permitting coordination
• Electricity production from wind and solar assets

- **Wind power development and operations** (45%) — Development, ownership and operation of onshore wind projects and wind farms.
- **Solar power development and operations** (20%) — Development, ownership and operation of solar power projects and solar parks.
- **Project portfolio and rights** (20%) — Project rights, land access, permits and development-stage renewable projects.
- **Electricity production and related services** (15%) — Sale of electricity generated from owned renewable assets and related balancing activities.

- Wind power project development
- Solar power project development
- Ownership and operation of renewable power assets
- Project rights and land/site development
- Grid connection and permitting coordination
- Electricity production from wind and solar assets

## 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.

- **Electricity market counterparties** (primary) — Buy renewable electricity generated from Arise-owned wind and solar assets, typically through market sales or hedging structures.
- **Project partners and co-investors** (primary) — Participate in development, ownership or financing of renewable projects and buy into project value creation.
- **Landowners and site-rights counterparties** (secondary) — Provide land access, easements or project site rights needed to develop wind and solar projects.
- **Infrastructure and grid counterparties** (secondary) — Support grid connection, permitting and technical integration required to bring projects online.
- **Asset buyers and strategic investors** (secondary) — Acquire project rights or development-stage assets when Arise monetizes parts of its portfolio.

- Power market counterparties buying renewable electricity
- Project partners and co-investors in wind and solar assets
- Landowners and site-rights counterparties for project development
- Grid and infrastructure stakeholders involved in connection
- Investors or buyers of development-stage project rights

## 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.

- **Sweden** — Headquarters and core operating base; no disclosed revenue share
- **Finland** — Project activity through Pohjan Voima; no disclosed revenue share
- **Nordics** — Primary operating region; no disclosed revenue share

- Headquartered in Sweden with Nordic operating base
- Project activity includes Finland through Pohjan Voima
- Business depends on local permitting and grid access
- Power sales are exposed to Nordic electricity markets
- Site quality and weather vary materially by location

## 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.

- **Grow the wind and solar project portfolio** (medium-term) — A larger pipeline increases future operating assets and monetization opportunities.
- **Maintain control over project execution** (short-term) — Permitting, grid access and procurement determine whether projects can be delivered on time and on budget.
- **Optimize value from owned renewable assets** (medium-term) — Operating assets provide recurring electricity production and can support long-term cash generation.

- Expand the renewable project portfolio
- Convert development rights into operating assets
- Control permitting, grid and procurement execution
- Balance production income with project monetization
- Use partnerships and acquisitions to add pipeline

## 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.

- **Permitting and regulatory risk** [high] — Wind and solar projects require environmental and local approvals, and delays can postpone revenue and increase costs.
- **Electricity price risk** [high] — Revenue from power production depends on market prices and hedging outcomes.
- **Weather and resource variability** [medium] — Wind speed, solar irradiation and seasonal conditions directly affect generation volumes.
- **Project execution and counterparty risk** [medium] — Development depends on landowners, contractors, grid operators and acquisition counterparties.
- **Financing and interest rate risk** [high] — Renewable projects are capital intensive and depend on access to funding and acceptable borrowing costs.

- Permitting and environmental approvals can delay or block projects
- Electricity prices affect production revenue and hedge effectiveness
- Weather and wind conditions influence output from owned assets
- Project development depends on counterparties, contracts and execution
- Financing, interest rates and liquidity affect capital-intensive growth

## Accounting

Arise reports under IFRS and uses judgments that matter for renewable project accounting, especially asset acquisitions versus business combinations. Derivatives such as electricity futures, interest rate swaps and currency forwards are used for hedging and measured at fair value, which can create period-to-period volatility in reported results. The company also discloses contingent liabilities and project-related guarantees, so investors should watch how commitments and valuation estimates affect the balance sheet and earnings.

- **Asset acquisition accounting** — Acquisitions such as Pohjan Voima and Fenix Repower were assessed as asset acquisitions
- **Derivative fair value accounting** — Hedging instruments may create gains or losses in each reporting period
- **Contingent liabilities and guarantees** — Project-related obligations can affect perceived leverage and risk
- **Impairment testing of production assets** — Changes in assumptions can trigger impairment charges

- Asset acquisitions can change how project purchases are recorded
- Electricity, interest-rate and FX derivatives are marked to fair value
- Hedge accounting affects volatility in reported earnings
- Project guarantees and counter-indemnities create contingent liabilities
- Impairment testing matters for production assets and project rights

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*Last updated: 2026-08-11T04:04:50.945345+00:00*