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Redeye is once again positively surprised that Arise will see further revenue recognition and receive the full earn-out amount of EUR6.4m for project Skaftåsen (231MW) that was sold to Foresight in 2019. The project has historically been affected by supply chain disruptions caused by Covid. Still, Arise managed to realise the project well enough to meet all the necessary milestones related to the earn-out (which we did not expect following Covid). This should satisfy both Arise and Foresight, and we will increase our Q3 estimates following the positive news.
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