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Orrön Energy is an independent renewable energy company listed on Nasdaq Stockholm under the symbol ORRON. As part of the Lundin Group, Orrön Energy focuses on high-quality, cash-generating assets in the Nordics while exploring growth opportunities in the Nordics, UK, Germany, and France. With strong financial backing, experienced management, and a commitment to sustainable energy, Orrön Energy is well-positioned to drive value creation in the energy sector.
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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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Orrön Energy AB has released its Annual and Sustainability Report for 2023, available for download on their website. The company, listed on Nasdaq Stockholm under the ticker symbol 'ORRON', focuses on renewable energy assets in the Nordics, UK, Germany, and France. With strong financial backing and experienced leadership, Orrön Energy aims to drive shareholder value in the energy transition.
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Orrön Energy AB announces the sale of its 50 percent interest in the Leikanger hydropower plant for an enterprise value of MNOK 613 to Sognekraft Produksjon AS. The transaction aims to focus on accretive investment opportunities and favorable market conditions. The sale allows Orrön Energy to concentrate on its operating and greenfield businesses, with an effective date of 1 January 2024. The deal is expected to close in the second quarter of 2024.
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Orrön Energy AB (publ) announces its Annual General Meeting to be held on 15 May 2024 in Stockholm. Shareholders can exercise voting rights in person, through a proxy, or by postal voting. The agenda includes election of Board members, approval of financial statements, remuneration decisions, and more.
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Orrön Energy AB has achieved various milestones, including the early completion of the Karskruv wind farm, highest quarterly power generation, and expansion of project pipelines. The company acquired new wind energy projects in Finland and increased its revolving credit facility. Financially, Orrön Energy reported positive cash flows, proportionate EBITDA, and net debt figures. CEO Daniel Fitzgerald highlighted the growth prospects for 2024, emphasizing increased power generation, decreased operating costs, and a strengthened financial position.
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Orrön Energy AB will publish its financial report for the fourth quarter and full year 2023 on February 14, 2024. The report will be followed by a Capital Markets Day presentation at 14:00 CET, featuring commentary from CEO Daniel Fitzgerald, CFO Espen Hennie, and the management team. Orrön Energy is an independent, publicly listed renewable energy company within the Lundin Group of Companies, with a core portfolio of cash flow generating assets in the Nordics and greenfield growth opportunities in Europe. The company has significant financial capacity for further growth and acquisitions, positioning it to create shareholder value through the energy transition.
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Orrön Energy AB (ORRON) announces the completion and commercial handover of the Karskruv wind farm in Sweden, increasing annual power generation to 1,100 GWh and reducing 2023 capital expenditures guidance from MEUR 80 to MEUR 75.
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Orrön Energy AB: Final commissioning work progressing well on Karskruv project, on track to deliver 800 GWh of power generation for the full year, 30 GW of grid connections secured in the UK, and one acquisition signed. Consolidated financials show revenue of MEUR 19.6 for 9 months. Proportionate financials reveal achieved electricity price of EUR 49 per MWh, proportionate EBITDA of MEUR 4.0, and proportionate net debt of MEUR 66. CEO Daniel Fitzgerald comments on business growth, market conditions, and project delivery at Karskruv wind farm.
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Orrön Energy AB will publish its financial report for Q3 2023 on November 8th. CEO and CFO will discuss the report in a webcast. Orrön Energy is a renewable energy company with cash flow generating assets in the Nordics.
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Orrön Energy announces composition of Nomination Committee for 2024 Annual General Meeting
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FAQ
What is the market cap of LNEGY (LNEGY)?
The market cap of LNEGY (LNEGY) is approximately 12.1B.
What is the stock symbol for Orrön Energy?
The stock symbol for Orrön Energy is ORRON on Nasdaq Stockholm.
Where does Orrön Energy focus its operations?
Orrön Energy focuses on high-quality, cash-generating assets in the Nordics and explores growth opportunities in the UK, Germany, and France.
Who backs Orrön Energy?
Orrön Energy is supported by a major shareholder, experienced management, and a Board with a successful track record in leading and growing businesses.
What sets Orrön Energy apart in the energy sector?
Orrön Energy is uniquely positioned to drive shareholder value through sustainable energy practices and a commitment to the energy transition.
How can I get more information about Orrön Energy?
For further information about Orrön Energy, you can contact Robert Eriksson, Director Corporate Affairs and Investor Relations, at +46 701 11 26 15 or robert.eriksson@orron.com, or Jenny Sandström, Communications Lead, at +41 79 431 63 68 or jenny.sandstrom@orron.com.
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