Orrön Energy AB (LNEGY) reports developments in renewable power generation, project sales, and greenfield energy development. The company is an independent, publicly listed renewable energy business within the Lundin Group of Companies, with cash-flow-generating assets in the Nordics and growth opportunities in the Nordics, the UK, Germany, and France.
Recurring updates cover proportionate power generation, realised electricity prices, solar project disposals, grid connections, municipal approvals, and battery or solar development milestones. Company news also includes annual and quarterly financial reports, shareholder meetings, dividend resolutions, board remuneration, ESG metrics, EU Taxonomy alignment, and other governance matters.
Orrön Energy reported record-high Q1 power generation of 274 GWh. The company sold its 50% stake in Leikanger hydropower plant for MEUR 53 in April 2024, enhancing liquidity.
Orrön acquired a portfolio of wind and battery projects in Finland and progressed solar and battery projects in Germany and the UK. Q1 financials showed MEUR 3.0 cash flow from operations and MEUR 5.1 EBITDA with significant liquidity headroom of MEUR 190.
Despite a lower revenue of MEUR 12.3, Orrön aims for long-term growth through strategic divestments and new project developments.
Orrön Energy AB will release its Q1 2024 financial report on May 14, 2024, followed by a webcast where the CEO and CFO will discuss the report and developments. Orrön Energy, listed as 'ORRON' on Nasdaq Stockholm, is an independent renewable energy company with a strong portfolio in the Nordics and growth opportunities in the UK, Germany, and France.
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