Orrön Energy secures grid connections for six projects in the UK and obtains municipal approval for additional projects in Germany
Globenewswire·2026-01-07 07:00

Core Insights - Orrön Energy AB has made significant progress in its greenfield platform, enhancing the value and maturity of its project portfolio, particularly in the UK and Germany [1][3] UK Developments - The company has secured grid connections for six large-scale projects in the UK, with a total estimated capacity of 2.9 GW, including three solar energy projects (1.8 GW) and three data center projects (1.1 GW) [1] - Binding grid offers and additional details regarding grid connection dates are expected in the third quarter of 2026, with projects ready to permit once final agreements are issued [1] German Developments - In Germany, three solar energy projects with a combined capacity of approximately 250 MW have received municipal approvals, contributing to the company's growing project pipeline [2] - The company has advanced a significant pipeline of large-scale battery projects and expects to receive grid confirmation early this year [2] - Recent sales processes have resulted in the sale of 310 MW of projects for a total consideration of €18 million, contingent on reaching key development milestones [2] Financial Outlook - The CEO of Orrön Energy expressed confidence in the company's progress, noting an average sales price of around €55,000 per MW expected in 2025, which is anticipated to deliver significant value moving forward [3]