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, recieve 4.2 MEUR in cash and have close to zero net debt following completion. The transaction is expectced to complete in the second half of 2026. More information can be found in our Press Release

Orrön Energy is well positioned to create long-term value

Orrön Energy (Nasdaq Stockholm: “ORRON”) is a Swedish renewable energy company offering investors exposure to Nordic power markets, underpinned by operational cash flows and development upside from a pipeline of large-scale greenfield projects in the UK, Germany and France.

Creating a leading Nordic-focused IPP

  • Agreement signed on 25 June to combine Orrön Energy’s Nordic assets, excluding Karskruv, with Cloudberrys to create a leading Nordic IPP, which is expected to close during the second half of 2026
  • Post-transaction, Orrön Energy becomes the largest owner in Cloudberry, with 27.01% ownership, providing continued exposure to Nordic power markets through a more scaled and diversified IPP
  • The Company is expected to have close to zero net-debt following the transaction, with additional 50 MEUR committed facility to fund growth

Large-scale onshore greenfield platform delivering recurring value

  • 400 MW greenfield projects divested since 2025 for up to 23 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
  • Well positioned to deliver further project sales, with potential to unlock additional value through strategic options and spin-outs

Large-scale onshore greenfield platform delivering recurring value

  • 400 MW greenfield projects divested since 2025 for up to 23 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
  • Well positioned to deliver further project sales, with potential to unlock additional value through strategic options and spin-outs

Long-term cash flows from the Karskruv wind farm

  • Orrön Energy will continue to own the wind farm Karskruv following completion of the transaction with Cloudberry
  • Long-term annual power generation of around 290 GWh1 in the attractive SE4 price regions
  • Ancillary services in place, optimising power generation
  • External O&M agreement

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