Setterwalls advised Arise on the divestment of the 40 MW battery storage project “Pajkölen”

The Pajkölen project, with a capacity of 40 MW, is a ready-to-build battery energy storage system co-located with the Kölvallen wind farm in Ljusdals municipality. Once commissioned, it will be one of the largest battery energy storage systems in Sweden to date. The transaction, valued at up to SEK 30 million, includes all shares in Pajkölen BESS AB and is contingent upon certain regulatory approvals. An additional contingent consideration of approximately SEK 15 million may be realized based on specific performance metrics over the first three years post-commissioning. The project is expected to be commissioned during 2025.