Commercial handover of the Karskruv wind farm and updated guidance for capital expenditure
2023年11月21日 - 6:10PM
Commercial handover of the Karskruv wind farm and updated guidance
for capital expenditure
Orrön Energy AB (“Orrön Energy” or “the
Company”) is pleased to announce the completion and commercial
handover of the Karskruv wind farm in Sweden. The wind farm will
increase the Company’s annual power generation to 1,100 GWh, and
deliver significant revenues from the SE4 price area. In addition,
the Company is reducing the 2023 guidance for capital expenditures
from MEUR 80 to MEUR 75.
Orrön Energy has taken over the ownership and
responsibility of the newly constructed wind farm Karskruv, which
is situated in the SE4 price area in southern Sweden. Karskruv has
an estimated annual power generation of 290 GWh, which is generated
from 20 Vestas turbines with a total installed capacity of 86 MW.
The completion of the wind farm increases the Company’s estimated
annual power generation to 1,100 GWh.
The wind farm has been acquired from OX2 AB
(“OX2”), who will remain responsible for the technical and
commercial management. An availability warranty is in place from
Vestas, which guarantees the availability of the turbines
throughout their operational life of approximately 30 years and
gives the Company protection against downtime and outages.
Local community projects and projects aiming at
protecting key species have been implemented together with OX2 in
areas near the wind farm. This includes a grazing project in
collaboration with local stakeholders, projects to safeguard
habitats for pollinators and birds, and investments in developing a
recreational area accessible to the local community.
Updated guidance on capital
expenditureCapital expenditure guidance for 2023 is
updated from MEUR 80 to MEUR 75, due to cost savings and phasing of
costs into 2024.
Daniel Fitzgerald, CEO for Orrön Energy
commented:“I am pleased to see the completion and handover
of the Karskruv project, which is a strategic asset for Orrön
Energy, significantly increasing our cash generation and adding
long-term production in the highest price region in Sweden. Project
delivery has been outstanding throughout, consistently ahead of
schedule with all turbines online and generating power since August
2023. We acquired Karskruv in early 2021, and have since seen asset
transactions at much higher valuations, further demonstrating the
quality and underlying value of the assets within our Company."
For further information, please contact:
Robert ErikssonDirector Corporate Affairs and
Investor RelationsTel: +46 701 11 26
15robert.eriksson@orron.com
Jenny Sandström Communications LeadTel: +41 79
431 63 68jenny.sandstrom@orron.com
Orrön Energy is an independent, publicly listed (Nasdaq
Stockholm: “ORRON”) renewable energy company within the Lundin
Group of Companies. Orrön Energy’s core portfolio consists of high
quality, cash flow generating assets in the Nordics, coupled with
greenfield growth opportunities in the Nordics and Europe. With
significant financial capacity to fund further growth and
acquisitions, and backed by a major shareholder, management and
Board with a proven track record of investing into, leading and
growing highly successful businesses, Orrön Energy is in a unique
position to create shareholder value through the energy
transition.
Forward-looking statements
Statements in this press release relating to any future status or
circumstances, including statements regarding future performance,
growth and other trend projections, are forward-looking statements.
These statements may generally, but not always, be identified by
the use of words such as “anticipate”, “believe”, “expect”,
“intend”, “plan”, “seek”, “will”, “would” or similar expressions.
By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on
circumstances that could occur in the future. There can be no
assurance that actual results will not differ materially from those
expressed or implied by these forward-looking statements due to
several factors, many of which are outside the company’s control.
Any forward-looking statements in this press release speak only
as of the date on which the statements are made and the
company has no obligation (and undertakes no obligation)
to update or revise any of them, whether as a result of new
information, future events or otherwise.
- Orrön Energy - Commercial handover of Karskruv and updated
capex guidance - V5 - 21112023eng
Orron Energy AB (TG:LYV)
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Orron Energy AB (TG:LYV)
過去 株価チャート
から 5 2023 まで 5 2024