A portfolio of high-quality and cash generating renewables assets in the Nordics
Orrön Energy owns and operates a portfolio of operational renewable energy assets in the Nordics, with an estimated annual power generation of around 800 GWh in 2023, which is set to increase to 1,100 GWh in 2024 once the wind farm Karskruv 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.
A large portion of the power generation comes from assets that are newly constructed and equipped with modern technology to ensure low cost and efficient operations. This means the cost for estimated maintenance is low, with high availability and efficiency during a long-term asset lifetime.
Sweden
The Company owns a diversified portfolio of operational wind power assets across Sweden, which have an estimated proportionate annual power generation in 2023 of around 500 GWh, with a total net installed capacity of about 190 MW. A majority of the assets are situated in the historically high-priced areas of SE3 and SE4.
Projects aimed at optimising power generation performance, including re-powering, co-location of complementary technologies and the addition of ancillary services are ongoing. The Company is also continuously working towards increasing its ownership share in co-owned wind projects, and thereby its power generation capacity through acquisition of minority interests.
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 gross annual power generation of around 400 GWh, which is generated 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.
Norway
The Company owns 50 percent of the Leikanger hydropower plant in Norway, which is situated in the historically high-priced NO5 area. 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.
