Redeye updates its estimates ahead of Arise’s Q1 report, which is due on 29 April. The estimate changes mainly refer to updated Q1 wind production data and spot prices. We do not expect any significant contribution from the development segment in Q1 (apart from ongoing constructions), despite the divestment of a Finnish 125MW BESS project on 25 April (which is expected to contribute to the Q2 financials). We also note that the final payment for the Swedish 40MW BESS project Pajkölen has been recognised (SEK15m) as of 22 April (in line with previous communication).
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