Orrön
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
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 expenditure
Capital expenditure guidance for 2023 is updated from MEUR 80 to MEUR 75, due to cost savings and phasing of costs into 2024.
“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
For further information, please contact:
Director Corporate Affairs and Investor Relations
Tel: +46 701 11 26 15
robert.eriksson@orron.com
Jenny Sandström
Communications Lead
Tel: +41 79 431 63 68
jenny.sandstrom@orron.com
Orrön Energy is an independent, publicly listed (Nasdaq Stockholm: “ORRON”) renewable energy company within the
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.
Attachment
- Orrön Energy - Commercial handover of Karskruv and updated capex guidance - V5 - 21112023eng
© OMX, source