Orrön Energy Unlocks 3.15 GW in European Renewable Power Play

STOCKHOLM, Sweden – January 07, 2026

Orrön Energy has announced a major advancement in its European greenfield development strategy, securing vital grid connections for 2.9 gigawatts (GW) of large-scale projects in the United Kingdom and obtaining key municipal approvals for another 250 megawatts (MW) in Germany. These milestones significantly de-risk a substantial portion of the company's pipeline and position it to capitalize on the fervent demand for renewable energy assets across the continent.

The achievements underscore a successful period of execution for the Lundin Group-backed company, validating its model of developing and maturing renewable projects to a high-value, 'ready-to-permit' stage before monetizing them. The news comes as both the UK and Germany are aggressively overhauling their energy infrastructure and policies to meet ambitious decarbonization targets.

Navigating the UK's Grid Connection Gauntlet

The most significant part of the announcement is the successful acquisition of grid connections for six large-scale UK projects. This is a critical victory in a market where grid access has become a notorious bottleneck, with a queue of projects far exceeding the nation's energy needs and connection delays stretching for more than a decade.

Orrön Energy has navigated the UK's sweeping grid reform process, often called the "Gate 2" process, which was designed to clear this backlog. The new system, implemented by the National Energy System Operator (NESO), shifts from a dysfunctional first-come, first-served model to a more rigorous first ready, first connected approach. This prioritizes projects that can demonstrate genuine viability, such as secured land rights and advanced planning, while pushing aside speculative or stalled "zombie projects."

Securing a Gate 2 offer provides a much higher degree of certainty, including a confirmed connection date and queue position. For Orrön Energy, this achievement covers a massive 2.9 GW portfolio, comprising three solar energy projects with an estimated capacity of 1.8 GW and three data centre projects requiring 1.1 GW. With both land and grid access secured, these projects are now at the 'ready-to-permit' stage, a highly attractive proposition for potential buyers. The company expects to receive binding grid offers during the third quarter of 2026, after which it will evaluate divestment options.

Gaining Ground in Germany's Green Energy Push

Simultaneously, the company has strengthened its foothold in Germany, Europe's largest and most dynamic renewable energy market. Three solar projects, totaling approximately 250 MW, have successfully obtained approvals from local municipalities. This is a crucial step, as navigating local planning and securing community support can often be a major hurdle for developers.

This progress aligns perfectly with Germany's ambitious energy transition, or Energiewende. The country's recently enacted "Solar Package I" aims to simplify planning, accelerate approvals, and add 22 GW of solar capacity annually to reach a target of 215 GW by 2030. By securing these approvals, Orrön Energy demonstrates its ability to effectively operate within this supportive but complex regulatory landscape.

Beyond solar, the company also reported advancing a significant pipeline of large-scale battery projects in Germany, a technology essential for stabilizing the grid as the share of intermittent renewables grows. With land secured for these battery projects, Orrön Energy expects to receive grid confirmation early this year, further adding to its portfolio of high-demand, ready-to-develop assets in the country.

The Strategy: Develop, De-Risk, and Divest

These developments in the UK and Germany are not isolated wins but are central to Orrön Energy's core business strategy: developing greenfield projects, de-risking them through critical milestones like grid and permit approvals, and then divesting the assets to recycle capital and generate shareholder value.

This "develop and divest" model is proving highly effective in the current market, which sees strong appetite from institutional investors, utilities, and infrastructure funds for de-risked renewable projects. The company has already demonstrated the success of this approach, citing the recent sale of 310 MW of projects for a total of €18 million, at an average price of around €55,000 per MW.

Daniel Fitzgerald, CEO of Orrön Energy, commented on the strategy's success in the company's press release. “I am very pleased with the strong progress and results coming out of our greenfield platforms in the UK and Germany,” he stated. “Securing the Gate 2 grid connections in the UK enables us to move ahead with some of the discussions that were temporarily paused due to the now concluded grid reform process. Meanwhile, the German platform has reached a level of maturity where project monetisation is underway.”

Fitzgerald's confidence is buoyed by a robust market. With an average sales price of around 55,000 euros per MW during 2025, the scale of Orrön Energy's newly matured portfolio suggests the potential for significant future returns.

A Renewable Powerhouse with Strategic Backing

As an independent renewable energy company within the Lundin Group of Companies, Orrön Energy represents a strategic diversification for a group historically known for its success in the natural resources and oil and gas sectors. This backing provides financial stability and a long-term investment perspective, which, combined with a portfolio of high-quality, cash-flow generating wind and hydro assets in the Nordics, provides a solid foundation for its more speculative greenfield ventures.

In a competitive landscape populated by giant utilities like RWE and energy majors like BP and Shell, Orrön Energy's agile development model allows it to create value and compete effectively. By focusing on the high-margin development phase and avoiding the capital-intensive construction and operational phases, the company can efficiently recycle capital into a growing pipeline of opportunities across its target markets of the Nordics, the UK, Germany, and France.

With nearly 3 GW of de-risked projects now moving toward monetization in the UK and a proven track record of profitable sales in Germany, Orrön Energy has firmly established its capability to navigate Europe's complex energy transition and convert greenfield potential into tangible financial results.