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Orrön Energy

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Orrön Energy AB (publ)
Hovslagargatan 5
SE – 111 48 Stockholm
Sweden

Tel: +46 8 440 54 50

Description

Orrön Energy is an independent, publicly listed pure play renewables company, with high quality and low-cost renewables assets in the Nordics.

As part of the entrepreneurial Lundin Group of Companies, and with a management and Board with a proven track record of successful organic growth, Orrön Energy is well positioned to create value for shareholders, local communities and wider stakeholders for a sustainable energy future.

The initial focus for the business is to continue to invest in renewable energy projects in the Nordics, which has a stable and mature market for renewable energy, followed by a potential expansion in Europe. The long-term vision is to grow into an industry leading energy company, with scale and sufficient cash flow to be able to provide progressive shareholder returns and explore new ideas and solutions to help drive the energy transition.

History

Orrön Energy was born in 2022, but can trace its roots back to Lundin Energy and its predecessor company Lundin Petroleum, formed in the early 2000s.

Over more than 20 years, Lundin Energy delivered on its successful organic growth strategy and created significant value for its shareholders, with a compound annual average return of 28 percent – becoming one of the most admired independent E&P companies with a market leading Decarbonisation Plan. Following this outstanding history of value creation, Lundin Energy’s oil and gas business was acquired by Aker BP in 2022, to create the leading exploration and production company for the future.

As part of the transaction with Aker BP, Orrön Energy was created with the renewables assets from Lundin Energy as a base and became the new renewables vehicle within the Lundin Group of Companies. Orrön Energy has retained key members of Lundin Energy’s Board and management team, with knowledge of the renewables asset base and a proven track record of building companies which have delivered significant value for shareholders over many years.

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