Orrön Energy receives MEUR 1.6 from a previously announced portfolio transaction

Rhea-AI Summary

Orrön Energy (Nasdaq Stockholm: LNEGY) closed and reached a development milestone for one Agri-PV project, triggering payments of MEUR 1.6 for a ~93 MW site. This project is one of three in a 234 MW German portfolio sale worth up to MEUR 14 subject to milestone-based payments.

Under the agreement, 30% of consideration for the first project was paid on a positive municipality decision; remaining payments depend on ready-to-permit and ready-to-build milestones, with the other two projects progressing toward grid indication and land security.

Positive

• Received MEUR 1.6 milestone payment
• 93 MW project closed and progressed to development milestone
• Portfolio sale totals 234 MW with consideration up to MEUR 14
• Milestone-based structure aligns payments to development progress

Negative

• Remaining payments contingent on permits, grid reservations, and milestones
• Two projects still require positive grid indication and land secured
• Ready-to-build timing contingent on favourable approvals in 2026–2027

Orrön Energy AB (“Orrön Energy”) is pleased to announce that closing has occurred, and a milestone has been achieved, for one of the three solar projects forming part of the portfolio transaction announced in December 2025, triggering payments totalling MEUR 1.6.

The project is being developed with an estimated installed capacity of 93 MW and form part of the agreement to sell a portfolio of three Agri-PV projects in Germany with a combined capacity of 234 MW announced in December 2025. Closing for the first project occurred in the beginning of 2026. Shortly thereafter, the first development milestone was achieved through a positive municipality decision, leading to a payment totalling MEUR 1.6, representing 30 percent of the consideration for this project.

The total consideration for the 234 MW portfolio sale amounts to up to MEUR 14 and is subject to fulfilment of development milestones up to the ready-to-build stage, including reimbursement of development expenditure. Under the milestone-based structure, 40 percent of the consideration is due to be received by the ready-to-permit milestone, with the remaining 60 percent upon achievement of the ready-to-build milestone.

The two remaining projects that form part of the portfolio transaction are progressing towards fulfilment of the closing conditions covering positive grid indication and land secured. The projects are expected to reach the ready-to-permit stage in 2026 and the ready-to-build stage in 2027, subject to favourable permit approvals and grid reservations. Orrön Energy will continue developing the projects up until the ready-to-build stage.

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

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.

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.

Attachment

• Orrön Energy - PR - Milestone payment January 2026 - 13-02-2026e

FAQ

What did Orrön Energy (LNEGY) receive from the December 2025 portfolio transaction?

Orrön Energy received a MEUR 1.6 milestone payment for one project. According to the company, this payment represents 30% of that project's consideration after a positive municipality decision and closing.

How large is the solar portfolio sale linked to Orrön Energy (LNEGY)?

The portfolio comprises 234 MW across three Agri-PV projects worth up to MEUR 14. According to the company, total consideration is milestone-based and includes reimbursement of development expenditure.

What milestones trigger payments for Orrön Energy's (LNEGY) portfolio sale?

Payments are milestone-based: ready-to-permit and ready-to-build stages trigger further consideration. According to the company, 40% is due at ready-to-permit and 60% at ready-to-build for each project.

When are the remaining Orrön Energy (LNEGY) projects expected to reach permit and build stages?

The company expects the projects to reach ready-to-permit in 2026 and ready-to-build in 2027, subject to favourable permit approvals and grid reservations, according to the company.

What development conditions remain for the two unpaid projects in Orrön Energy's (LNEGY) sale?

The two remaining projects need positive grid indication and secured land before closing conditions are met. According to the company, these conditions are progressing but are not yet complete.