Arise completed the acquisition of 70% stake in Fenix Repower.

Arise, a renewable energy company, completed the acquisition of of 70% stake in Fenix Repower, a developer of solar, onshore wind and storage projects. Financial terms were not disclosed. "We are delighted to be partnering with the Fenix Repower team. We firmly believe that renewable energy will play a key role in Ukraine's recovery and that the injection of public capital has the potential to transform Ukraine into a significant destination for foreign investment. With excellent conditions for both wind and solar power, we view Ukraine as the last big, untapped market in Europe. Further, this move is a capital efficient way for Arise to establish a strong position in the Ukrainian market and to build a sizeable pipeline for the years to come," Per-Erik Eriksson, Arise CEO.