Orrön Energy receives MEUR 1.6 from a previously announced portfolio transaction

Core Insights - Orrön Energy AB has successfully closed one of the three solar projects in its portfolio transaction, achieving a milestone that triggers payments totaling MEUR 1.6 [1] - The total consideration for the entire 234 MW portfolio sale is up to MEUR 14, contingent on meeting development milestones [2] - The remaining two projects are progressing towards closing conditions and are expected to reach the ready-to-permit stage in 2026 and the ready-to-build stage in 2027 [3] Group 1 - The first project in the portfolio has an estimated installed capacity of 93 MW and is part of a larger agreement involving three Agri-PV projects in Germany with a combined capacity of 234 MW [1] - The milestone-based payment structure stipulates that 40 percent of the total consideration is due upon reaching the ready-to-permit milestone, with the remaining 60 percent upon achieving the ready-to-build milestone [2] - Orrön Energy is committed to developing the projects until they reach the ready-to-build stage, with the expectation of favorable permit approvals and grid reservations [3] Group 2 - 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 [4] - The company has significant financial capacity to support further growth and acquisitions, backed by a major shareholder and a management team with a proven track record [4]