Arise Acquires 70% of Fenix, A Ukrainian Player in The Renewable Energy Market - reNews - Renewable Energy News

Arise Acquires 70% of Fenix, A Ukrainian Player in The Renewable Energy Market – reNews – Renewable Energy News

Written by Paulo Nogueira

Published on 15/12/2023 at 11:29

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The 70% Stake in Fenix Will Finance the Development of Onshore Wind and Solar Projects, and Will Fund Activities with a Team of 9 Employees.

Arise made a strategic acquisition, acquiring 70% of Fenix, a company that excels in the development of solar, onshore wind, and storage projects in Norway and Ukraine. The purchase was completed for approximately NOK 330,000 (€ 28,800) and is part of an agreement that includes financing for Fenix’s project development activities. The company, through its team of 9 employees, has extensive experience in developing infrastructures, including Ukrainian wind farms pre-war.

With the strategic partnership with Arise, Fenix will be able to accelerate the development of greenfields in Ukraine and secure a considerable pipeline of projects in the coming years. This collaboration creates opportunities for both companies to expand their operations into new markets and technologies.

Arise: New Strategic Partnership

Arise, a renewable energy company, has just announced a strategic partnership with Ukraine for the development of solar, onshore wind, and storage projects. The company, based in Norway, plans to significantly expand its initial portfolio in the country, aiming to repower existing infrastructures and develop greenfields in new areas.

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Arise will fund activities through public capital, in an attempt to diversify its energy matrix and reduce dependence on nuclear and thermal power plants, which currently account for the largest part of the capacity under Russian control. With this bold move, the company seeks to face the risky and challenging environment of the Ukrainian energy market, focusing on the recovery of an economy shaken by internal and external conflicts.

The participation of Arise in the Ukrainian market will be led by a team of 9 employees, with local management and significant experience in wind farm developments. The company will focus on strategic partnerships with local investors and energy companies, aiming to accelerate the transition to a greener and more sustainable economy.

The purchase price of existing infrastructures and the development of new projects will be based on financial feasibility analyses, taking into account the local market conditions. Arise believes that renewable energy is the key to Ukraine’s future and is willing to invest in a country with enormous potential, but also many challenges. With its internal experience and its diversified portfolio, the company hopes to contribute significantly to the country’s energy transition in the coming years.

Arise Acquires 70% of Fenix, A Ukrainian Player in The Renewable Energy Market – reNews – Renewable Energy News

The 70% Stake in Fenix Will Finance the Development of Onshore Wind and Solar Projects, and Will Fund Activities with a Team of 9 Employees.

Arise: New Strategic Partnership

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Arise Acquires 70% of Fenix, A Ukrainian Player in The Renewable Energy Market – reNews – Renewable Energy News

The 70% Stake in Fenix Will Finance the Development of Onshore Wind and Solar Projects, and Will Fund Activities with a Team of 9 Employees.

Arise: New Strategic Partnership

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

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