Orrön Energy AB ( “ Orrön Energy ” or “the Company” ) is pleased to announce that it has entered into a revolving credit facility of MEUR 150 at attractive terms and conditions enabling a flexible capital structure . The secured multi-currency revolving credit facility has a three-year maturity, with two subsequent one-year extension options. The floating interest rate margin is less than 2 percent above EURIBOR 1 . The credit facility also includes an additional MEUR 150 accordion...
Highlights All main components have been delivered and turbine installation work has commenced at the Karskruv project, which is set to increase the annual power generation from 800 GWh to 1,100 GWh from 2024 onwards Successfully established an organic growth platform across the Nordics and Europe, laying the foundation for growth in onshore wind, solar and battery storage solutions Further expanded the business in Finland with an experienced partner, adding a strong network and access to...
Orrön Energy AB (“Orrön Energy”) will publish its financial report for the first quarter 202 3 on Tuesday , 16 May 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 the 16 May 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 link:...
The Annual General Meeting of Shareholders ( the “ AGM ” ) of Orrön Energy AB ( “ Orrön Energy ” or the " Company " ) was held today, 4 May 2023 , in Stockholm . The Company's and the Group's income statements and balance sheets for the financial year 2022, were adopted and the members of the Board of Directors and the Chief Executive Officers were discharged from liability for the financial year 2022. The AGM resolved that no dividends should be paid for the financial year 2022 and...
Orrön Energy AB ( “ Orrön Energy ” or the “Company” ) has published the report on payments made to governments by Orrön Energy and its subsidiaries during the year 2022. The report gives an overview of payments to governments made by Orrön Energy and its subsidiaries during the year 2022. The report is available to download on Orrön Energy's website, www.orron.com. For further information, please contact: Robert Eriksson Director Corporate Affairs and Investor Relations Tel: +46 701...
Orrön Energy AB (“Orrön Energy” or the “Company”) is pleased to announce the publication of the Annual and Sustainability Report for 2022 and encourage 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 2022, this can be specifically requested on Orrön Energy’s website or by telephone on +46 8 440 54 50. For further information, please contact:...
The shareholders of Orrön Energy AB (publ), 556610-8055 (the “ Company ”), are hereby given notice of the Annual General Meeting to be held on 4 May 2023 at 13.00 (CEST) at Södra Teatern, Mosebacke Torg 1-3, 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 their...
Orrön Energy AB (“Orrön Energy” or the “Company”) is pleased to announce an expansion into the UK, with secured grid connections for early-stage renewable energy project s . Orrön Energy announced earlier this year that it had expanded its geographical footprint to include France and Germany and is now announcing the addition of early-stage project origination and development in the UK to its European portfolio. The Company has secured grid connections in the UK which enables the...
Highlights Built a portfolio of operating assets through seven acquisitions, transforming the Company’s business in Sweden and increasing annual power generation by over 500 GWh to a total of 800 GWh by year end 2022 Established an experienced organisation and organic growth platform in Sweden with the knowledge, network and competence to operate and optimise the asset base, continue growing through acquisition and extend asset lifetimes through repowering, life extension and expansion...
Orrön Energy AB ( “ Orrön Energy ” ) will publish its financial report for the fourth quarter and full year 2022 on Wednesday 15 February 2023 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 15 February 2023 at...
Highlights Orrön Energy’s first quarter as a pure play renewables company delivered strong financial results with cash flow from operating activities of MUSD 5.4, and net cash of MUSD 10.8 at the end of the period Proportionate 1 power generation amounted to 83 GWh for the third quarter 2022 at an average achieved price of EUR 177 per MWh including Slitevind AB’s (publ) (“Slitevind”) production from 1 September 2022, resulting in a proportionate EBITDA of MUSD 10.8 With the addition of...
Orrön Energy AB (“Orrön Energy”) will publish its financial report for the third quarter 2022 on Friday , 25 November 2022 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 the 25 November 2022 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 2023 Annual General Meeting ( “ AGM ” ) to be held on 4 May 2023 in Stockholm. The Nomination Committee has been formed with the following members: Ian H. Lundin (Nemesia S.à.r.l.) Oskar Börjesson (Livförsäkringsbolaget Skandia, ömsesidigt) Mikael A. Pettersson (Dita Invest Holding AB) Grace Reksten Skaugen, Chair of the Board of Directors of Orrön Energy At the...
Orrön Energy AB ( “ Orrön Energy ” or “the Company” ) is pleased to announce the complet ion of previously ann ounce d acquisitions , adding approximately 30 GWh of net annual production in price area SE3 in Sweden . The acquisition agreements were entered into and announced by Slitevind AB 1 (“Slitevind”) in June 2022 and consist of an additional 27 percent interest in the 36 MW wind farm Näsudden Väst, and an additional 10 percent interest in the 27 MW wind farm Stugyl. The...
THIS PRESS RELEASE IS NOT AN OFFER, WHETHER DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE SUCH OFFER PURSUANT TO LEGISLATION AND REGULATIONS IN SUCH RELEVANT JURISDICTION WOULD BE PROHIBITED. SHAREHOLDERS SHOULD REFER TO THE OFFER RESTRICTIONS INCLUDED IN THE SECTION TITLED “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE AND IN THE OFFER DOCUMENT. On 1 August 2022, Orrön Energy...
THIS PRESS RELEASE IS NOT AN OFFER, WHETHER DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE SUCH OFFER PURSUANT TO LEGISLATION AND REGULATIONS IN SUCH RELEVANT JURISDICTION WOULD BE PROHIBITED. SHAREHOLDERS NOT RESIDENT IN SWEDEN WHO WISH TO ACCEPT THE OFFER MUST MAKE INQUIRIES CONCERNING APPLICABLE LEGISLATION AND POSSIBLE TAX CONSEQUENCES. SHAREHOLDERS SHOULD REFER TO THE OFFER RESTRICTIONS...
THIS PRESS RELEASE IS NOT AN OFFER, WHETHER DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE SUCH OFFER PURSUANT TO LEGISLATION AND REGULATIONS IN SUCH RELEVANT JURISDICTION WOULD BE PROHIBITED. SHAREHOLDERS NOT RESIDENT IN SWEDEN WHO WISH TO ACCEPT THE OFFER MUST MAKE INQUIRIES CONCERNING APPLICABLE LEGISLATION AND POSSIBLE TAX CONSEQUENCES. SHAREHOLDERS SHOULD REFER TO THE OFFER RESTRICTIONS...
Highlights USD 12.9 billion gain recorded to income statement resulting from the lex asea distribution related to the Aker BP transaction Orrön Energy transformed into a pure play renewables company following completion of the combination of the legacy E&P business with Aker BP on 30 June 2022, and changed ticker at Nasdaq Stockholm to “ORRON” in July Net power generation amounted to 83 GWh for the reporting period, at an achieved average power price of EUR 127 per MWh The Company had a...
THIS PRESS RELEASE IS NOT AN OFFER, WHETHER DIRECTLY OR INDIRECTLY, IN [AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE SUCH OFFER PURSUANT TO LEGISLATION AND REGULATIONS IN SUCH RELEVANT JURISDICTION WOULD BE PROHIBITED. SHAREHOLDERS NOT RESIDENT IN SWEDEN WHO WISH TO ACCEPT THE OFFER (AS DEFINED BELOW) MUST MAKE INQUIRIES CONCERNING APPLICABLE LEGISLATION AND POSSIBLE TAX CONSEQUENCES. SHAREHOLDERS SHOULD REFER TO THE OFFER...
THIS PRESS RELEASE IS NOT AN OFFER, WHETHER DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE SUCH OFFER PURSUANT TO LEGISLATION AND REGULATIONS IN SUCH RELEVANT JURISDICTION WOULD BE PROHIBITED. SHAREHOLDERS NOT RESIDENT IN SWEDEN WHO WISH TO ACCEPT THE OFFER (AS DEFINED BELOW) MUST MAKE INQUIRIES CONCERNING APPLICABLE LEGISLATION AND POSSIBLE TAX CONSEQUENCES. SHAREHOLDERS SHOULD REFER TO THE OFFER...