Creating long-term value through the energy transition
Orrön Energy is an independent, publicly listed renewable energy company (Nasdaq Stockholm: “ORRON”) within the Lundin Group of Companies. The Company transformed into a renewable energy Company in July 2022, and has since grown its long-term annual power generation from 300 GWh to 1,000 GWh, and established a 40 GW pipeline of early-stage greenfield projects in the Nordics, the UK, Germany and France. The Company is active in all stages of renewable energy projects, ranging from project initiation, development, operations, maintenance and repowering.
The business strategy is focused on growth across 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, which the Company seeks to optimise and grow organically to support continuous growth of power generation and revenue streams. The greenfield portfolio is targeting initiation of development projects within proven and low-cost technologies such as onshore wind, solar and batteries in the Nordics, the UK, Germany and France. The Company has an opportunistic approach to realising value from the greenfield portfolio and will seek to monetise projects throughout the value chain, depending on market conditions at the time. For the largest projects, the strategy will be to divest prior to incurring significant development and construction costs.
With financial capacity to fund further growth and acquisitions, and backed by a major shareholder, management and Board with a proven track record of investing into, leading and growing highly successful businesses, we are in a unique position to create long-term 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.
