Orrön Energy has announced that closing has occurred, and a milestone has been achieved, for one of the three solar projects forming part of the portfolio transaction announced in December 2025, triggering payments totalling MEUR 1.6.
The project is being developed with an estimated installed capacity of 93 MW and form part of the agreement to sell a portfolio of three Agri-PV projects in Germany with a combined capacity of 234 MW announced in December 2025. Closing for the first project occurred in the beginning of 2026. Shortly thereafter, the first development milestone was achieved through a positive municipality decision, leading to a payment totalling MEUR 1.6, representing 30 percent of the consideration for this project.
The total consideration for the 234 MW portfolio sale amounts to up to MEUR 14 and is subject to fulfilment of development milestones up to the ready-to-build stage, including reimbursement of development expenditure. Under the milestone-based structure, 40 percent of the consideration is due to be received by the ready-to-permit milestone, with the remaining 60 percent upon achievement of the ready-to-build milestone.
The two remaining projects that form part of the portfolio transaction are progressing towards fulfilment of the closing conditions covering positive grid indication and land secured. The projects are expected to reach the ready-to-permit stage in 2026 and the ready-to-build stage in 2027, subject to favourable permit approvals and grid reservations. Orrön Energy will continue developing the projects up until the ready-to-build stage.
Source: Orrön Energy
