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Orrön Energy AB (LNEGY) is a leading independent renewable energy company operating high-quality cash flow generating assets across Nordic markets and strategic European regions. This page provides investors with direct access to official press releases, financial updates, and operational developments from the renewable energy producer.
Our curated news collection enables stakeholders to track LNEGY's greenfield expansion projects, portfolio diversification efforts, and energy transition leadership. Users will find timely updates including earnings reports, partnership announcements, and operational milestones that demonstrate the company's disciplined approach to sustainable growth.
The resource features verified information on strategic acquisitions, asset performance data, and management insights – all essential for evaluating LNEGY's position in renewable energy markets. Content is organized chronologically with clear sourcing to support investment research and sector analysis.
Bookmark this page for streamlined access to Orrön Energy's latest corporate communications. Check regularly for updates on Nordic wind/hydro operations, European expansion initiatives, and financial performance metrics that underscore the company's cash flow stability.
Orrön Energy has published its Annual and Sustainability Report for 2024, making it available on their website www.orron.com. The company, listed on Nasdaq Stockholm as 'ORRON', is an independent renewable energy company within the Lundin Group of Companies.
The company's portfolio features cash flow generating assets in the Nordics, along with growth opportunities across the Nordics, UK, Germany, and France. Backed by major shareholders and experienced management, Orrön Energy positions itself uniquely in the energy transition sector with significant financial capacity for growth and acquisitions.
Shareholders can access the report online or request a printed copy via phone. The report was published at 09.00 CEST on April 9, 2025, in compliance with Swedish Securities Markets Act requirements.
Orrön Energy AB has announced its Annual General Meeting (AGM) to be held digitally on May 5, 2025 at 11:00 CEST. Shareholders can participate through digital attendance, proxy, or postal voting. Key registration deadlines are set for April 24 and 28, 2025.
The meeting agenda includes standard items like financial statements approval and board elections. Notable proposals include: maintaining a six-member board, re-electing five current members and adding Richard Ollerhead as a new member, setting board member compensation at EUR 60,000 annually (EUR 120,000 for Chair), and implementing the LTIP 2025 long-term performance-based incentive plan for approximately 9 key employees.
The Board proposes no dividend distribution for the period. Ernst & Young AB is proposed for re-election as auditor. The meeting will feature digital voting capabilities, though shareholders are advised that postal voting might be more reliable due to potential technical issues.
Orrön Energy reported its Year End 2024 results, highlighting a 5% increase in annual long-term proportionate power generation, adding 50 GWh through acquisitions. The company achieved record quarterly production of 287 GWh in Q4, with total annual generation reaching 907 GWh.
Key financial metrics include proportionate EBITDA of MEUR 7.0, with achieved electricity price of EUR 34 per MWh. The company maintains strong liquidity with MEUR 170 revolving credit facility, while reporting proportionate net debt of MEUR 65.0.
Notable developments include reaching ready-to-permit milestone for a UK project featuring 1.4 GW solar and 500 MW battery capacity, initiating a sales process for potential divestment. Despite challenging market conditions with volatile electricity prices, the company completed value-accretive acquisitions in Sweden and strengthened its balance sheet through the Leikanger hydropower asset sale.
Orrön Energy has announced its upcoming Capital Markets Day presentation scheduled for February 12, 2025. The company will release its Q4 and full-year 2024 financial report at 07:30 CET, followed by the presentation at 14:00 CET. CEO Daniel Fitzgerald and CFO Espen Hennie will discuss the report and present the company's future growth strategy.
The event will include a Q&A session and will be accessible via webcast. Orrön Energy, listed on Nasdaq Stockholm under 'ORRON', is a renewable energy company within the Lundin Group, focusing on Nordic assets with expansion opportunities in the UK, Germany, and France.
Orrön Energy reported mixed results for the nine months ended September 2024. The company added 33 GWh of annual power generation through acquisitions in SE3 and SE4 price areas. Power generation reached 620 GWh, approximately 10% below expectations due to lower wind speeds and voluntary production curtailments. Financial highlights include cash flows from investing activities of MEUR 39.5, benefiting from the Leikanger hydropower plant sale. Operating cash flows were MEUR -3.6, with achieved electricity price at EUR 35 per MWh resulting in proportionate EBITDA of MEUR 6.9. The company maintains significant liquidity through a MEUR 170 revolving credit facility, with proportionate net debt at MEUR 55.9.
Orrön Energy AB has announced its Nomination Committee composition for the 2025 Annual General Meeting scheduled for May 5, 2025. The committee members are Aksel Azrac (Nemesia S.à.r.l.), who will serve as Chair, Sussi Kvart (Handelsbanken Fonder AB), and Richard Ollerhead (JNE Partners LLP). The committee will make recommendations on board elections, remuneration, auditor selection, and committee processes. Shareholders can submit motions until January 31, 2025.
Orrön Energy has announced it will release its Q3 2024 financial report on Wednesday, November 6, 2024, at 07:30 CET. The company will host a webcast presentation at 14:00 CET featuring CEO Daniel Fitzgerald and CFO Espen Hennie, who will discuss the report and recent company developments, followed by a Q&A session. Orrön Energy is a Nasdaq Stockholm-listed renewable energy company focusing on Nordic assets, with expansion opportunities in the UK, Germany, and France.
Orrön Energy AB (publ) has announced a decrease in its total number of shares and votes as of 30 August 2024. The company's share count now stands at 285,905,187, following the retirement of 19,427 shares as decided during an extraordinary general meeting on 7 August 2024.
Orrön Energy, listed on Nasdaq Stockholm under the ticker 'ORRON', is an independent renewable energy company within the Lundin Group. The company's portfolio includes cash-generating assets in the Nordics and growth opportunities across the Nordics, UK, Germany, and France. With strong financial capacity and backed by experienced management, Orrön Energy is well-positioned to create shareholder value through the energy transition.
Orrön Energy AB (LNEGY) reported its financial results for the six months ended 30 June 2024. Power generation increased by over 20% to 456 GWh compared to the same period last year, despite being 10% below expectations due to weak wind speeds. The company significantly strengthened its balance sheet by divesting the Leikanger hydropower plant for MEUR 53, reducing proportionate net debt to MEUR 46. Orrön Energy acquired a 500 MW portfolio of early-stage solar and battery projects in Sweden and continued to mature projects from its 40 GW pipeline. Proportionate EBITDA reached MEUR 11.8, with an achieved electricity price of EUR 42 per MWh. The company now expects to deliver between 900 and 1,000 GWh of power generation in 2024, depending on wind speeds in the second half of the year.
Orrön Energy AB held an Extraordinary General Meeting (EGM) on August 7, 2024, in Stockholm. The EGM approved two key resolutions: 1) Amending the Articles of Association to allow for digital general meetings, and 2) Retiring 19,427 treasury shares through a share capital reduction and a bonus issue of SEK 236.36.
Following the share retirement, Orrön Energy's total number of shares and votes will be 285,905,187. The company will issue a press release confirming the new share count after registration with the Swedish Companies Registration Office. Orrön Energy, listed on Nasdaq Stockholm as 'ORRON', is an independent renewable energy company within the Lundin Group, focusing on high-quality assets in the Nordics with growth opportunities across Europe.
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