Orrön Energy Sells German Solar Projects for Up to 14 Million Euros

Energy company Orrön Energy has signed an agreement with Germany’s Gülermak to sell three solar energy projects in Germany for up to 14 million euros.

The projects are currently under development and have a total expected installed capacity of 234 MW.

“I am pleased to announce our second sale in Germany, this time as a portfolio sale, which clearly demonstrates the high quality of our project platform. I expect the platform to continue providing additional revenue streams going forward, as we further develop our growing pipeline of projects and deliver in line with our strategy for project sales. Gülermak is a strong and reputable partner with solid technical and engineering expertise, and I look forward to exploring further opportunities for collaboration,” stated Orrön Energy CEO Daniel Fitzgerald.

The portion of the purchase price to be paid upon completion of the transaction for the first project is expected to amount to 0.7 million euros. The remaining purchase price is conditional upon the achievement of project milestones until the projects are ready for construction, Orrön commented.

The projects are expected to reach the permitting phase in 2026 and be ready for construction in 2027.