Orrön Energy has a portfolio of operational renewable energy assets in the Nordics, which are owned and operated by the Company and in partnership with others.
The estimated annual power generation for the Company’s asset base is around 800 GWh in 2023, which is set to increase to 1,100 GWh in 2024 once the Karskruv wind farm is online. The majority of the assets are wind power plants in Sweden, which are run and operated by an experienced team with a longstanding background from the renewables industry.
All power generation estimates assume average long-term meteorological conditions and operational performance and actual production will vary from period to period.
Sweden
The Company owns a diversified portfolio of operational wind power assets across Sweden, which were acquired during the second half of 2022. As of year-end 2022, the portfolio in Sweden had an estimated proportionate annual power generation of around 500 GWh, with a total net installed capacity of 190 MW. Projects aimed at optimising power generation performance, including re-powering and life extension are ongoing.
A majority of the assets are fully owned and operated by the Company, with joint ownership in some assets that are owned together with partners. The Company is continuously working towards increasing its ownership share in co-owned wind projects, and thereby its power generation capacity through acquisition of minority interests. A majority of the assets are situated in the historically high-priced areas of SE3 and SE4.
The Company’s power generation is set to reach 1,100 GWh from 2024 onwards once the wind farm Karskruv is online. Read more about the Karskruv project here.
Finland
The Company owns 50 percent of the Metsälamminkangas (MLK) wind farm and 100 percent of a wind farm located in Hanko in Finland. MLK has an estimated gross annual power generation of around 400 GWh, from 24 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. Hanko is a four-turbine asset, located in the southwestern part of Finland, which has an estimated annual power generation of around 9 GWh.
Norway
The Company owns 50 percent of the Leikanger hydropower plant in Norway. Leikanger has an estimated gross annual power generation of around 200 GWh per annum, which is generated from a single turbine with a total capacity of 77 MW. It has been operational since 2021 and has an estimated operational life of approximately 60 years. As the asset is a run-of-river hydropower plant, the power generation is variable depending mainly on the rate of snow melt during the spring and summer months, and precipitation conditions during the autumn season.
