Orrön Energy announces the sale of a 76 MW solar project in Germany

Core Viewpoint - Orrön Energy AB has entered into an agreement to sell a 76 MW solar project in Germany for a total consideration of MEUR 4.0, with MEUR 2.0 paid at closing and the remaining contingent upon approvals [1][2][3] Group 1: Transaction Details - The solar project is located in northeastern Germany and is being developed as an agrivoltaic project, allowing agricultural activities alongside solar power generation [1] - The contingent consideration of MEUR 2.0 is subject to municipal approval of the zoning plan and EU Commission approval of the German Solar Package 1 legislation [1] Group 2: Strategic Implications - This transaction is part of the company's strategy to monetize early-stage projects from its greenfield portfolio to diversify and enhance revenue streams [2] - The CEO of Orrön Energy expressed that this sale demonstrates the company's ability to unlock value early in the development cycle and is a significant step in delivering on its strategy [3] Group 3: Company Overview - Orrön Energy is an independent, publicly listed renewable energy company within the Lundin Group, focusing on high-quality cash flow-generating assets and greenfield growth opportunities in various regions including the Nordics, UK, Germany, and France [5] - The company has significant financial capacity to fund further growth and acquisitions, supported by a major shareholder and a management team with a proven track record [5]