Orrön Energy is uniquely positioned for growth
With a strong portfolio of cash flowing renewables assets in the Nordics, greenfield opportunities in the Nordics and Europe, and significant financial capacity to fund further growth, we are in a unique position to create value for our shareholders through the energy transition.
The demand for renewables in Europe is expected to grow significantly in the coming years, while power pricing is expected to remain strong. Not only is there significant investment and growth required in power generation and transmission, the technology to decarbonise energy systems is still in its infancy. Orrön Energy is in a unique position to take advantage of these opportunities, with cash flow generating assets in historically high priced regions, and significant financial capacity to fund further growth with an acquisition and organic growth led strategy.
As part of the entrepreneurial Lundin Group of Companies, and with a management team and Board with a proven track record of successfully building companies of scale, Orrön Energy is well set up to manage future growth and create value for shareholders, society and stakeholders.
Highlights 2H 2022
Financially robust
- Significant financial capacity for acquisitions
- Cash flowing renewables assets
- Free cash flow positive from end of 2023
Operational excellence
- High-quality renewables assets in historically high-priced regions
- Additional power generation of 500 GWh acquired since 1 July 2022, for average price of MUSD 0.9 per MW
- Estimated annual power generation of around 800 GWh in 2023, increasing to around 1,100 GWh from 2024 onwards1
1 Power generation estimates assume average meteorological conditions
Future growth opportunities
- Exploring and maturing a range of opportunities to optimise power generation and enhance returns, such as repowering, life extensions and expansion projects
- Aiming to develop greenfield projects in Sweden, Finland, France and Germany with onshore wind, solar, batteries and storage and other renewables technologies
- Europe to see significant growth in renewables, while power prices are expected to remain strong
- Onshore renewables have the lowest levelised cost of energy
Sustainable investment
- Generating renewable energy to power approx. 275,000 European households from end of 2023
- Strong focus on safe operations and biodiversity protection as well as community relations
For more information please contact
Robert Eriksson, Director, Corporate Affairs and Investor Relations
Tel: +46 701 11 26 15
robert.eriksson@orron.com
