Orrön Energy announces the sale of a 76 MW solar project in Germany
Orrön Energy (NASDAQ:ORRON) has announced the sale of a 76 MW solar project in Germany to Saxovent Renewables for a total consideration of MEUR 4.0. The project, located in northeastern Germany, is being developed as an agrivoltaic project that combines agricultural activities with solar power generation.
The transaction structure includes MEUR 2.0 paid at closing, with the remaining MEUR 2.0 contingent upon municipal zoning plan approval and EU Commission approval of the German Solar Package 1 legislation. This sale represents the first monetization from Orrön's greenfield portfolio in Germany, aligning with the company's strategy to diversify revenue streams through early-stage project sales.
Orrön Energy (NASDAQ:ORRON) ha annunciato la vendita di un progetto solare da 76 MW in Germania a Saxovent Renewables per un corrispettivo totale di 4,0 milioni di euro. Il progetto, situato nel nord-est della Germania, è sviluppato come un progetto agrivoltaico che integra attività agricole con la produzione di energia solare.
La struttura della transazione prevede un pagamento di 2,0 milioni di euro alla chiusura, mentre i restanti 2,0 milioni di euro sono condizionati all'approvazione del piano regolatore comunale e all'approvazione della Commissione UE della normativa tedesca Solar Package 1. Questa vendita rappresenta la prima monetizzazione del portafoglio greenfield di Orrön in Germania, in linea con la strategia aziendale di diversificare le fonti di ricavo attraverso la vendita di progetti in fase iniziale.
Orrön Energy (NASDAQ:ORRON) ha anunciado la venta de un proyecto solar de 76 MW en Alemania a Saxovent Renewables por un importe total de 4,0 millones de euros. El proyecto, ubicado en el noreste de Alemania, se está desarrollando como un proyecto agrivoltaico que combina actividades agrícolas con generación de energía solar.
La estructura de la transacción incluye un pago de 2,0 millones de euros al cierre, con los 2,0 millones de euros restantes condicionados a la aprobación del plan de zonificación municipal y a la aprobación de la Comisión Europea de la legislación alemana Solar Package 1. Esta venta representa la primera monetización del portafolio greenfield de Orrön en Alemania, alineándose con la estrategia de la compañía de diversificar sus fuentes de ingresos mediante la venta de proyectos en etapas tempranas.
Orrön Energy (NASDAQ:ORRON)는 독일에서 76MW 태양광 프로젝트를 Saxovent Renewables에 총 400만 유로에 매각했다고 발표했습니다. 이 프로젝트는 독일 북동부에 위치해 있으며, 농업 활동과 태양광 발전을 결합한 농업광발전(agrivoltaic) 프로젝트로 개발 중입니다.
거래 구조는 계약 체결 시 200만 유로 지급과, 나머지 200만 유로는 지방 도시계획 승인 및 EU 집행위원회의 독일 태양광 패키지 1 법안 승인에 따라 지급 조건으로 구성되어 있습니다. 이번 매각은 Orrön의 독일 그린필드 포트폴리오에서 첫 번째 수익화 사례로, 초기 단계 프로젝트 판매를 통한 수익원 다변화 전략과 부합합니다.
Orrön Energy (NASDAQ:ORRON) a annoncé la vente d’un projet solaire de 76 MW en Allemagne à Saxovent Renewables pour un montant total de 4,0 millions d’euros. Le projet, situé dans le nord-est de l’Allemagne, est développé en tant que projet agrivoltaïque combinant activités agricoles et production d’énergie solaire.
La structure de la transaction comprend un paiement de 2,0 millions d’euros à la clôture, les 2,0 millions d’euros restants étant conditionnés à l’approbation du plan d’urbanisme municipal et à l’approbation par la Commission européenne de la législation allemande Solar Package 1. Cette vente représente la première monétisation du portefeuille greenfield d’Orrön en Allemagne, conformément à la stratégie de l’entreprise visant à diversifier ses sources de revenus par la vente de projets en phase initiale.
Orrön Energy (NASDAQ:ORRON) hat den Verkauf eines 76 MW Solarprojekts in Deutschland an Saxovent Renewables für eine Gesamtsumme von 4,0 Mio. Euro bekannt gegeben. Das Projekt, das sich im Nordosten Deutschlands befindet, wird als Agrivoltaik-Projekt entwickelt, das landwirtschaftliche Tätigkeiten mit der Solarstromerzeugung kombiniert.
Die Transaktionsstruktur sieht vor, dass 2,0 Mio. Euro bei Abschluss gezahlt werden, während die verbleibenden 2,0 Mio. Euro abhängig von der Genehmigung des kommunalen Bebauungsplans und der Zustimmung der EU-Kommission zur deutschen Solar Package 1-Gesetzgebung sind. Dieser Verkauf stellt die erste Monetarisierung aus Orröns Greenfield-Portfolio in Deutschland dar und entspricht der Unternehmensstrategie, die Einnahmequellen durch den Verkauf von Projekten in der Frühphase zu diversifizieren.
- None.
- MEUR 2.0 of consideration is contingent on regulatory and municipal approvals
- Project sale subject to EU Commission approval of German Solar Package 1 legislation
Orrön Energy AB (“Orrön Energy” or “the Company”) is pleased to announce that it has entered into an agreement with Saxovent Renewables to sell a 76 MW solar project in Germany, for a total consideration of MEUR 4.0. The consideration paid at closing is MEUR 2.0, with the remaining consideration contingent upon municipal and legislative approvals.
The project is located in the northeastern part of Germany, and is being developed as an agrivoltaic (Agri-PV) project, enabling agricultural activities to take place alongside solar power generation. Half of the total consideration of MEUR 4.0 is paid at closing, which is expected imminently. The contingent consideration of MEUR 2.0 is subject to the fulfilment of two conditions: (i) municipal approval of the zoning plan (Satzungsbeschluss) and (ii) EU Commission approval of the German Solar Package 1 legislation.
The transaction forms part of the Company’s strategy to monetise early-stage projects from its greenfield portfolio to diversify and enhance revenue streams.
Daniel Fitzgerald, CEO for Orrön Energy commented;
"I am very pleased to announce the first sale from our greenfield portfolio in Germany, which demonstrates our ability to unlock value early in the development cycle and marks an important step in delivering on our strategy. Germany remains one of our key markets for greenfield projects, with a strong demand for renewable energy and a supportive regulatory framework. I expect this to be the first in a series of project sales, as we continue to develop and mature our greenfield pipeline and deliver long-term value from this platform."
The Company’s CEO, Daniel Fitzgerald, and CFO, Espen Hennie, will host a webcast to comment on the six-month financial report on 6 August 2025 at 14:00 CEST. During the webcast, they will present this transaction along with the latest developments at Orrön Energy, followed by a question-and-answer session.
Registration for the webcast presentation is available on the website and the below link:
https://orron-energy.events.inderes.com/q2-report-2025
For further information, please contact:
Robert Eriksson
Corporate Affairs and Investor Relations
Tel: +46 701 11 26 15
robert.eriksson@orron.com
Jenny Sandström
Communications Lead
Tel: +41 79 431 63 68
jenny.sandstrom@orron.com
This is information that Orrön Energy AB is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 13.25 (CEST) on 31 July 2025.
Orrön Energy is an independent, publicly listed (Nasdaq Stockholm: “ORRON”) renewable energy company within the Lundin Group of Companies. Orrön Energy’s core portfolio consists of high quality, cash flow generating assets in the Nordics, coupled with greenfield growth opportunities in the Nordics, the UK, Germany, and France. With significant financial capacity to fund further growth and acquisitions, and backed by a major shareholder, management and Board with a proven track record of investing into, leading and growing highly successful businesses, Orrön Energy is in a unique position to create shareholder value through the energy transition.
Saxovent Renewables GmbH & Co. KG is an independent project developer, operator, and investor in renewable energy based in Berlin and a wholly owned subsidiary of the investment company Saxovent Smart Eco Investments GmbH. As an experienced full-line provider, Saxovent Renewables covers the entire value chain in the field of renewable energies, from development and implementation to the long-term operation of the plants.
Forward-looking statements
Statements in this press release relating to any future status or circumstances, including statements regarding future performance, growth and other trend projections, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “seek”, “will”, “would” or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that could occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to several factors, many of which are outside the company’s control. Any forward-looking statements in this press release speak only as of the date on which the statements are made and the company has no obligation (and undertakes no obligation) to update or revise any of them, whether as a result of new information, future events or otherwise.
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