News & Videos - ORRON ENERGY AB LNDNF

As of 30 August 2024, the total number of shares and votes in Orrön Energy AB (publ) amounts to 285,905,187. The number of shares and votes in Orrön Energy has decreased during August following the retirement of 19,427 shares as resolved upon during an extraordinary general meeting on 7 August 2024. For further information, please contact: Robert Eriksson Director Corporate Affairs and Investor Relations Tel: +46 701 11 26 15 [email protected] Jenny Sandström Communications Lead Tel:...

Highlights Power generation amounted to 456 GWh for the reporting period, representing an increase of more than 20 percent compared to 378 GWh in the same period in the previous year, and was around ten percent below expectations primarily as a result of weak wind speeds in the reporting period. Significantly strengthened balance sheet following the divestment of the Leikanger hydropower plant in April 2024 for MEUR 53, with proportionate net debt reduced to MEUR 46 and significant liquidity...

An Extraordinary General Meeting of Shareholders (the “EGM”) of Orrön Energy AB (“Orrön Energy” or the "Company") was held today, Wednesday 7 August 2024, in Stockholm. The EGM resolved, in accordance with the Board of Directors' proposal, to amend the Articles of Association of the Company by adding a provision stipulating that the Board of Directors may decide that a general meeting shall be held digitally; and to retire the 19,427 shares held in treasury by the Company through a...

Orrön Energy AB (“Orrön Energy”) will publish its financial report for the second quarter 2024 on Thursday, 8 August 2024 at 07:30 CEST, followed by a webcast at 14.00 CEST. Listen to Daniel Fitzgerald, CEO and Espen Hennie, CFO commenting on the report and describing the latest developments in Orrön Energy at a webcast on 8 August 2024 at 14:00 CEST, followed by a question-and-answer session. Registration for the webcast presentation is available on the website and the below link:...

The shareholders of Orrön Energy AB (publ), 556610-8055 (the “ Company ”), are hereby given notice of the Extraordinary General Meeting to be held on Wednesday 7 August 2024 at 14.00 (CEST) at IVA Konferenscenter, Grev Turegatan 16, in Stockholm. The entrance to the meeting will open at 13.30 (CEST). Shareholders may choose to exercise their voting rights at the Extraordinary General Meeting by attending in person, through a proxy or by postal voting. Vote at the Extraordinary General...

The Annual General Meeting of Shareholders (the “AGM”) of Orrön Energy AB (“Orrön Energy” or the "Company") was held today, 15 May 2024, in Stockholm. The Company's and the Group's income statements and balance sheets for the financial year 2023, were adopted and the members of the Board of Directors and the Chief Executive Officers were discharged from liability for the financial year 2023. The AGM resolved that no dividends should be paid for the financial year 2023 and that the...

Highlights Power generation in the first quarter amounted to 274 GWh, which is a record high quarterly production for the Company. Sale of the 50 percent interest in the non-core Leikanger hydropower plant in April 2024 for MEUR 53, demonstrating the value of the Company’s underlying asset base and enabling recycling of capital into higher return opportunities. Acquired a greenfield portfolio in January 2024 of up to 180 MW of wind and battery projects in Finland, with land secured for all...

Orrön Energy AB (“Orrön Energy”) will publish its financial report for the first quarter 2024 on Tuesday, 14 May 2024 at 07:30 CEST, followed by a webcast at 14.00 CEST. Listen to Daniel Fitzgerald, CEO and Espen Hennie, CFO commenting on the report and describing the latest developments in Orrön Energy at a webcast on 14 May 2024 at 14:00 CEST, followed by a question-and-answer session. Registration for the webcast presentation is available on the website and the below link:...

Orrön Energy AB (“Orrön Energy”) is pleased to announce the publication of it’s Annual and Sustainability Report for 2023 and encourages shareholders to read or download the report on Orrön Energy’s website, www.orron.com. For shareholders who would like to receive a printed copy of the Annual and Sustainability Report 2023, this can be requested on Orrön Energy’s website or by telephone on +46 8 440 54 50. For further information, please contact: Robert Eriksson Director Corporate...

Orrön Energy AB (“Orrön Energy” or “the Company”) is pleased to announce that it has entered into an agreement to sell its 50 percent interest in the Leikanger hydropower plant for an enterprise value of MNOK 613, approximately MEUR 53, to the existing partner Sognekraft Produksjon AS (“Sognekraft”). This transaction forms part of the Company’s strategy of having an opportunistic approach to value creation, and to take advantage of favourable market conditions as they arise. The...

The shareholders of Orrön Energy AB (publ), 556610-8055 (the “ Company ”), are hereby given notice of the Annual General Meeting to be held on 15 May 2024 at 13.00 (CEST) at IVA Konferenscenter, Grev Turegatan 16, in Stockholm. The entrance to the meeting will open at noon (CEST). Shareholders may choose to exercise their voting rights at the Annual General Meeting by attending in person, through a proxy or by postal voting. Vote at the Annual General Meeting Those who wish to exercise...

Highlights Completion and handover of the Karskruv wind farm ahead of schedule at the end of November 2023, which is producing in line with expectations, adding 290 GWh of estimated annual power generation in the SE4 price region. Highest quarterly power generation for the Company at 226 GWh in the fourth quarter and 765 GWh for the full year 2023, which included power generation from the early startup of Karskruv, which was offset by unfavourable weather conditions. Continued to mature the 40...

Orrön Energy AB (“Orrön Energy”) will publish its financial report for the fourth quarter and full year 2023 on Wednesday 14 February 2024 at 07:30 CET, followed by a Capital Markets Day presentation at 14:00 CET. Listen to Daniel Fitzgerald, CEO and Espen Hennie, CFO commenting on the report and presenting the latest developments in Orrön Energy and its future growth strategy, together with members of Orrön Energy’s management team, at a webcast held on 14 February 2024 at 14:00 CET....

Orrön Energy AB (“Orrön Energy” or “the Company”) is pleased to announce the completion and commercial handover of the Karskruv wind farm in Sweden. The wind farm will increase the Company’s annual power generation to 1,100 GWh, and deliver significant revenues from the SE4 price area. In addition, the Company is reducing the 2023 guidance for capital expenditures from MEUR 80 to MEUR 75. Orrön Energy has taken over the ownership and responsibility of the newly constructed wind farm...

Highlights Final commissioning work is progressing well on the Karskruv project, with handover expected at the end of November 2023. The project, in the SE4 price region, is set to add 290 GWh to the Company’s yearly power generation. On track to deliver 800 GWh of power generation for the full year, with proportionate power generation of 539 GWh in the reporting period. Over 30 GW of grid connections secured in the UK, enabling initiation of solar and battery projects with estimated first...

Orrön Energy AB (“Orrön Energy”) will publish its financial report for the third quarter 2023 on Wednesday, 8 November 2023 at 07:30 CET, followed by a webcast at 14.00 CET. Listen to Daniel Fitzgerald, CEO and Espen Hennie, CFO commenting on the report and describing the latest developments in Orrön Energy at a webcast on 8 November 2023 at 14:00 CET, followed by a question-and-answer session. Registration for the webcast presentation is available on the website and the below link:...

Orrön Energy AB (“Orrön Energy”) is pleased to announce the composition of the Nomination Committee for the 2024 Annual General Meeting (“AGM”) to be held on 15 May 2024 in Stockholm. The Nomination Committee has been formed with the following members: William Lundin (Nemesia S.à.r.l.) Sussi Kvart (Handelsbanken Fonder AB) Erik Durhan (Öhman Fonder) At the Nomination Committee’s first meeting, William Lundin was elected as Chair of the Nomination Committee. The Nomination Committee...

Orrön Energy AB (“the Company”) announces that it was today informed that the Prosecutor's claim for forfeiture of economic benefits has been increased and now amounts to SEK 2 , 3 81,300,000 . The Company, which strongly disputes both the methodology used by the Prosecutor and the amount of the claimed forfeiture , does not see any circumstances in which the claim for forfeiture could become payable as there is no legal basis for this claim and no grounds for allegations of wrongdoing by...

Highlights The Karskruv project is on track for delivery in the fourth quarter of 2023 with progress ahead of schedule and installation of all 20 Vestas wind turbines completed one month earlier than originally planned Secured a MEUR 150 revolving credit facility in early July, at attractive terms and conditions providing significant flexibility and ample headroom to fund further growth Signed two minor acquisitions during the quarter increasing ownership interests in eight wind farms...

Orrön Energy AB (“Orrön Energy”) will publish its financial report for the second quarter 202 3 on Wednesday , 9 August 202 3 at 07:30 CE S T , followed by a webcast at 14.00 CE S T. Listen to Daniel Fitzgerald, CEO and Espen Hennie, CFO commenting on the report and describing the latest developments in Orrön Energy at a webcast on 9 August 2023 at 14:00 CEST, followed by a question-and-answer session. Registration for the webcast presentation is available on the website and the below...