Linde Stock Price, News & Analysis

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), an independent renewable energy company within the Lundin Group, will release its Q2 2025 financial report on August 6, 2025, at 07:30 CEST. The company will host a webcast presentation at 14:00 CEST featuring CEO Daniel Fitzgerald and CFO Espen Hennie, followed by a Q&A session.

Orrön Energy operates primarily in the Nordics with expansion opportunities in the UK, Germany, and France. The company focuses on cash flow generating renewable energy assets and maintains strong financial capacity for growth and acquisitions.

Orrön Energy (LNEGY) reported Q1 2025 results with power generation of 251 GWh, at the lower end of outlook due to weather impact and production curtailments. The company achieved an electricity price of EUR 40/MWh, resulting in proportionate EBITDA of MEUR 0.4, down from MEUR 5.1 in Q1 2024. Key developments include reaching ready-to-permit milestone for a 98 MW solar project in Germany and launching its sales process, while UK projects totaling 2.5 GW await grid connections reform conclusion. Financial performance showed consolidated revenue of MEUR 9.3 (down from MEUR 12.3 in Q1 2024) and a net loss of MEUR 4.0. The company maintains strong liquidity with MEUR 100 headroom and expects to begin monetizing greenfield projects in 2025-2026.

Orrön Energy AB held its Annual General Meeting (AGM) on May 5, 2025. Key decisions include: no dividend payment for 2024, approval of board remuneration with EUR 60,000 for board members and EUR 120,000 for the Chair. Grace Reksten Skaugen was re-elected as Chair, and Richard Ollerhead joined as a new board member. Ernst & Young AB was re-appointed as auditor. The AGM approved LTIP 2025, a performance-based incentive plan allowing up to 5,450,000 shares. The board received authorization to issue up to 28,500,000 new shares for acquisitions and to repurchase shares up to 10% of outstanding shares.

Orrön Energy has announced a townhall meeting for shareholders scheduled for Tuesday, May 20 at 18:30 CEST in Stockholm. The event will feature presentations from CEO Daniel Fitzgerald and CFO Espen Hennie, focusing on the company's performance, strategy, and future outlook.

The meeting will provide shareholders an opportunity to engage with the Company's Board of Directors and management team through a Q&A session. Orrön Energy, listed on Nasdaq Stockholm under 'ORRON', is an independent renewable energy company within the Lundin Group of Companies, with operations focused on:

• Core portfolio of cash flow generating assets in the Nordics
• Greenfield growth opportunities across the Nordics, UK, Germany and France
• Significant financial capacity for growth and acquisitions

Orrön Energy (Nasdaq Stockholm: ORRON) has announced it will release its Q1 2025 financial report on Tuesday, May 6, 2025, at 07:30 CEST. The company will host a webcast presentation at 14:00 CEST featuring CEO Daniel Fitzgerald and CFO Espen Hennie, followed by a Q&A session.

Orrön Energy is an independent renewable energy company within the Lundin Group, focusing on cash flow generating assets in the Nordics with growth opportunities across the Nordics, UK, Germany, and France. The company emphasizes its strong financial position for funding growth and acquisitions, supported by experienced management and major shareholders.

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.