Creating value through the energy transition
Orrön Energy is a publicly listed renewable energy company (Nasdaq Stockholm: “ORRON”) within the Lundin Group of Companies. Since transforming into a renewable energy company in July 2022, the Company has grown its long-term annual power generation capacity from 300 GWh to 1,000 GWh and established a large scale pipeline of greenfield projects across the Nordics, UK, Germany, and France. The Company operates across the entire renewable energy lifecycle, including project initiation, development, operations, maintenance, and repowering.
Orrön Energy’s strategy is focused on delivering long-term value to shareholders by generating long-term cash flow from operating wind farms and project sales from its greenfield portfolio, alongside exploring other investment opportunities within the energy transition.
The operational portfolio consists of 380 MW wind power assets in the Nordics, and is actively managed to optimise revenues and operational performance. It also provides a platform for organic growth through life extensions, repowering and consolidation opportunities. Within the Nordic portfolio, the Company is developing small and mid-scale greenfield projects in wind, solar and batteries, with optionality to retain selected projects to support cost-effective production growth and strengthen the long-term asset base.
In parallel, Orrön Energy develops large-scale onshore wind, solar, battery, and data centre projects across the UK, Germany and France, where the strategy is to advance projects to key milestones and monetise them before incurring significant development costs. The Company is targeting multiple sales processes annually, with the aim of generating high returns on capital.
With a strong financial capacity, a management team with a proven track-record of growing successful businesses, and backed by a major shareholder, Orrön Energy is well-positioned to create shareholder value through the energy transition.
Read more about our investment story here.
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.
