A portfolio of high-quality and cash generating renewables assets in the Nordics
Orrön Energy owns and operates a portfolio of wind power assets in the Nordics, with an estimated long-term annual power generation of 1,000 GWh. The wind power assets are managed by an experienced team in Sweden with a longstanding background from the renewables industry. A range of projects are ongoing to optimise the power generation capacity and organically grow the portfolio, which includes extending the operational lifetime of assets, re-powering and consolidation of ownership shares. The Company is also working with optimising the grid utilisation by adding complementary technology and providing ancillary services.
A large portion of the power generation derives from assets that are newly constructed and equipped with modern technology to ensure low cost and efficient operations. This means that the cost for estimated maintenance is low, with high availability and efficiency during a long-term asset lifetime.
Sweden
The Swedish portfolio consists of ownership in around 200 operational wind turbines in more than 50 sites, which have an estimated long-term proportionate annual power generation of around 800 GWh and a total net installed capacity of around 300 MW. A majority of the assets are situated in the SE3 and SE4 price areas. Availability warranties are in place for a majority of the Company’s assets, which guarantees the availability of the turbines and gives the Company protection against downtime and outages.
The largest producing asset in the Swedish portfolio is the Karskruv wind farm, which was completed and taken over for commercial operations at the end of November 2023. Karskruv has an estimated annual power generation of 290 GWh, which is generated from 20 Vestas turbines with a total installed capacity of 86 MW. The wind farm is situated in the SE4 price area.
Another large production hub for the Company is situated at Näsudden on Gotland, consisting of ownership in five wind farms, with a combined power generation of around 168 GWh in the SE3 price area. This is a pioneering region for wind power in Sweden and Gotland is also where the Company has its operational office.
Finland
The Company owns 50 percent of the Metsälamminkangas (MLK) wind farm and 100 percent of a 9 GWh wind farm located in Hanko in Finland. MLK has an estimated long-term gross annual power generation of around 400 GWh, which is generated from 24 GE turbines with a total installed capacity of 132 MW. The wind farm has an estimated operational life of around 30 years and has been in operation since the end of March 2022.