Orrön Energy is uniquely positioned for growth

With a strong portfolio of cash flowing renewables assets in the Nordics, no debt and the ability to raise capital for 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 generating renewables assets in high priced regions, no debt and financial capacity of up to MUSD 190 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 for a sustainable energy future.

Financially robust

  • Debt free and cash of MUSD 124 at inception
  • Financial capacity of up to MUSD 1901 for acquisitions
  • Cash flowing renewables assets
  • Free cash flow positive from end of 2023

1Includes both cash at hand after committed projects and credit facilities of up to MUSD 100–150

Graph of stock market data and financial with stock analysis

Operational excellence

  • Newly constructed, high-quality assets in areas with strong power prices
  • Net power generation of around ~600 GWh p.a. from end 2023
  • Long-term operating costs from 2024 ~10 EUR/MWh
  • 30 to 60 year asset design life

Future growth opportunities

  • Europe to see significant growth in renewables, while power prices are expected to remain strong
  • Onshore renewables have the lowest levelised cost of energy
  • We intend to continue investing in renewable energy projects in the Nordics, and seek opportunities in the energy transition
  • Ability to pursue early-stage projects to increase potential project returns

Sustainable investment

  • 100% taxonomy aligned as a sustainable investment
  • Generating renewable energy to power approx. 150,000 European households from end of 2023
  • Strong focus on safe operations and biodiversity protection as well as community relations

Find more information around our guidance for second half of 2022 here.

For more information please contact
Robert Eriksson, Director, Corporate Affairs and Investor Relations
Tel: +46 701 11 26 15