On 25 June, Orrön Energy entered into an agreement to combine its Nordic portfolio, excluding Karskruv, with Cloudberry Clean Energy ASA (“Cloudberry”) to create a leading Nordic IPP. In return, Orrön Energy will become largest shareholder of 27.01% in Cloudberry, receive 4.2 MEUR in cash and expects to have close to zero net debt at closing. The transaction is expected to close in the second half of 2026. More information can be found in our Press Release

Creating value through the energy transition

Orrön Energy is a publicly listed renewable energy company (Nasdaq Stockholm: “ORRON”) within the Lundin Group of Companies. The Company combines exposure to Nordic renewable power markets and cash flow from renewable energy generation, with significant upside from its European development business.

Backed by a major shareholder and a management team with a proven track record of building and growing successful businesses, Orrön Energy is well positioned to create long-term shareholder value through the energy transition.

Read more about our investment story here.

Long-term cash flow
from renewable power generation
and project sales

Large-scale project portfolio
providing significant
upside potential

Fully funded for growth
through acquisition
and investments

Long-term cash flow
from renewable power generation
and project sales

Large-scale project portfolio
providing significant upside potential

Fully funded for growth
through acquisition and investments

A history of value creation

Orrön Energy emerged as a renewable energy company in 2022, but can trace its roots back to Lundin Energy and its predecessor company Lundin Petroleum, which was formed in the early 2000s. Over more than 20 years, Lundin Energy successfully delivered on its organic growth strategy and created significant value for its shareholders, with a compound annual average return of 28 percent. Following this strong track record 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 transformed into a renewable energy Company, becoming 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 of scale which have delivered significant value for shareholders over many years.