We are producing and developing renewable energy for a sustainable energy future
Orrön Energy is an independent, publicly listed renewable energy company (Nasdaq Stockholm: “ORRON”) within the Lundin Group of Companies. The Company transformed into a pure-play renewable energy Company in July 2022, and has since grown its annual power generation from 300 GWh to 1,100 GWh, and established a 40 GW pipeline of early-stage greenfield projects in the Nordics, the UK, Germany and France.
The business strategy is focused on two core areas; building a portfolio of cash-generating assets and developing a large-scale pipeline of projects. The operational portfolio consists of high-quality wind power assets in the Nordics, and the greenfield portfolio is targeting projects within proven and low-cost technologies such as onshore wind, solar and batteries.
The Company operates and develops renewable energy assets with a long-term perspective, to the benefit of both shareholders and the wider society.
1 From late 2023 onwards
A history of value creation
Orrön Energy was born in 2022, but can trace its roots back to Lundin Energy and its predecessor company Lundin Petroleum, formed in the early 2000s. Over more than 20 years, Lundin Energy delivered on its successful organic growth strategy and created significant value for its shareholders, with a compound annual average return of 28 percent – becoming one of the most admired independent E&P companies with a market leading Decarbonisation Plan. Following this outstanding history of value creation, Lundin Energy’s oil and gas business was acquired by Aker BP in 2022, to create the leading exploration and production company for the future.
As part of the transaction with Aker BP, Orrön Energy was created with the renewables assets from Lundin Energy as a base and became the new renewables vehicle within the Lundin Group of Companies. Orrön Energy has retained key members of Lundin Energy’s Board and management team, with knowledge of the renewables asset base and a proven track record of building companies which have delivered significant value for shareholders over many years.
