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

A compelling investment

Orrön Energy (Nasdaq Stockholm: “ORRON”) is a Swedish renewable energy company offering investors exposure to Nordic power markets, with long-term cash flows from renewable power generation and development upside from a large-scale pipeline of solar, battery and data centre projects in the UK, Germany and France.

As part of the successful Lundin Group of Companies, Orrön Energy benefits from a strong entrepreneurial culture, a long-term ownership perspective and experience in growing companies of scale. Backed by an experienced management team and Board, Orrön Energy is in a unique position to create shareholder value through the energy transition.

Creating a leading Nordic-focused IPP

  • Agreement signed on 25 June to combine Orrön Energy’s Nordic assets, excluding Karskruv, with Cloudberry to create a leading Nordic IPP with 2.1 TWh of annual proportionate power generation
  • Transaction expected to close during the second half of 2026
  • Orrön Energy becomes largest holder in Cloudberry of 27.01% on closing
  • Provides continued exposure to Nordic power markets through a larger and more diversified platform
  • Close to zero net debt expected at closing, with a committed 50 MEUR credit facility to fund further growth

12 GW European Development Platform

  • Significant upside potential from a large-scale pipeline of solar, battery and data centre projects
  • Large-scale onshore greenfield platform delivering recurring value
  • 260 MW greenfield projects divested since 2025 for up to 15 MEUR in Germany, with additional projects positioned for near-term divestments
  • Six large-scale UK projects of 2.9 GW at RtP
  • Sales processes initiated for 1.8 GW solar portfolio and 300 MW data centre in the UK
  • Growing data centre business offering additional upside and strategic options, with the potential for a future spin-off
  • Targeting multiple sales per year from a growing pipeline of projects

12 GW European Development Platform

  • Significant upside potential from a large-scale pipeline of solar, battery and data centre projects
  • Large-scale onshore greenfield platform delivering recurring value
  • 260 MW greenfield projects divested since 2025 for up to 15 MEUR in Germany, with additional projects positioned for near-term divestments
  • Six large-scale UK projects of 2.9 GW at RtP
  • Sales processes initiated for 1.8 GW solar portfolio and 300 MW data centre in the UK
  • Growing data centre business offering additional upside and strategic options, with the potential for a future spin-off
  • Targeting multiple sales per year from a growing pipeline of projects

Long-term cash flows from the Karskruv wind farm

  • 100% ownership in the 86 MW wind farm Karskruv
  • Long-term annual power generation of around 290 GWh1 in the attractive SE4 price region
  • Ancillary services in place, enabling additional revenue streams

¹ Assuming average long-term meteorological conditions and excluding curtailment

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For more information please contact
Robert Eriksson, Corporate Affairs and Investor Relations
Tel: +46 701 11 26 15
robert.eriksson@orron.com