18 Feb Orrön Energy 2025 Year-end Report
(Oilandgaspress) -] — Orrön Energy owns renewables assets directly and through joint ventures and associated companies and is presenting proportionate financials in addition to the consolidated financial reporting under IFRS to show the net ownership and related results of these assets. The purpose of the proportionate reporting is to give an enhanced insight into the Company’s operational and financial results.
Highlights
• Proportionate power generation amounted to 800 GWh for the year, with additional 39 GWh of compensated volumes from ancillary services and availability warranties, bringing the total proportionate power generation, including these volumes, to 839 GWh.
• Entered into agreements to sell a portfolio of three German solar projects totalling 234 MW in December 2025 for a total consideration of up to MEUR 14, subject to the achievement of development milestones, bringing the total project sales agreements signed during the year to MEUR 18, representing 310 MW of projects.
• Secured grid connections for six large-scale solar and data centre projects in the UK, with a combined estimated capacity of 2.9 GW, and successfully progressed solar projects in Germany with a combined capacity of 280 MW towards ready-to-permit following municipal approvals.
• Maintained carbon neutrality across Scope 1 and 2 emissions, alongside improved ESG-ratings, and 100 percent EU Taxonomy alignment of revenues and operating expenditure.
Consolidated financials – 12 months
• Cash flows from operating activities amounted to MEUR -9.9.
Proportionate financials – 12 months
• Achieved electricity price amounted to EUR 36 per MWh, which, combined with the consideration from the first German solar project sale, resulted in a proportionate EBITDA of MEUR -4.5.
• Proportionate net debt of MEUR 89, with significant liquidity headroom available through the MEUR 170 revolving credit facility.
| Financial performance | Q4 | Jan-Dec | ||||
| MEUR | 2025 | 2024 | 2025 | 2024 | ||
| Revenue from power generation | 7.5 | 7.1 | 24.9 | 25.7 | ||
| Revenue from project sales | 2.0 | – | 4.0 | – | ||
| EBITDA | 0.7 | – 2.5 | – 10.3 | -1.6 | ||
| Operating profit (EBIT) | – 3.5 | – 6.3 | – 27.2 | – 17.5 | ||
| Net result | – 2.3 | – 6.6 | – 26.3 | – 13.3 | ||
| Earnings per share – EUR | – 0.01 | – 0.03 | – 0.09 | – 0.05 | ||
| Earnings per share diluted – EUR | – 0.01 | – 0.03 | – 0.09 | – 0.05 | ||
| Alternative performance measures | ||||||
| Proportionate financials1 | ||||||
| Power generation (GWh) | 226 | 287 | 800 | 907 | ||
| Average price achieved per MWh – EUR | 38 | 30 | 36 | 34 | ||
| Operating expenses per MWh – EUR | 20 | 14 | 24 | 17 | ||
| Revenue from power generation | 8.7 | 8.7 | 28.6 | 30.7 | ||
| Revenue from project sales | 2.0 | – | 4.0 | – | ||
| EBITDA | 2.0 | 0.1 | – 4.5 | 7.0 | ||
| Operating profit (EBIT) | – 3.1 | – 4.8 | – 25.0 | – 12.9 | ||
| 1 Proportionate financials represent Orrön Energy’s proportionate ownership (net) of assets and related financial results, including joint ventures. | ||||||
Information Source: Read More
Oilandgaspress ,Oil and Gas , Energy , Climate, Gas,Renewable, Sustainability, Oil Price, LPG, photovoltaic, wind, solar thermal, hydropower, biomass.
Sorry, the comment form is closed at this time.