CA - Orrön Energy AB (publ) (LNDNF) Q1 2024 Earnings Call Transcript
2024-05-14 13:18:08 ET
Orrön Energy AB (publ) (LNDNF)
Q1 2024 Earnings Conference Call
May 14, 2024 8:00 AM ET
Company Participants
Robert Eriksson – Director Corporate Affairs and Investor Relations
Daniel Fitzgerald – Chief Executive Officer
Espen Hennie – Chief Financial Officer
Conference Call Participants
Presentation
Robert Eriksson
Good afternoon, good morning and welcome to this Orrön Energy First Quarter 2024 Financial Results Webcast coming from Stockholm, Sweden today. And happy to have so many of you joining us. I would like to take this opportunity to remind you about the Q&A function. So you have a Q&A function at the bottom of your Zoom screens and there you can and should type in your questions. And we’ll have a Q&A session at the end of this presentation and make sure that all your questions gets answered. And presenters today will be Daniel Fitzgerald, Orrön Energy’s CEO, and Espen Hennie, Orrön Energy’s CFO.
And with that, I would like to hand over to Daniel Fitzgerald. Thank you.
Daniel Fitzgerald
Thank you, Robert. And it’s a pleasure to be here today for the Q1 results. And we’ll start with Orrön Energy. Orrön Energy is a pure play renewables company. We’re diversified across technologies and primarily in wind, solar and batteries. And we have organic growth platforms running across the full lifecycle of the business from early stage greenfield projects all the way through to repowering life extension operating assets.
In 2024, we’re going to produce around 1,000 gigawatt hours of power generation from our primarily Nordic assets. And we have established a 40-gigawatt onshore pipeline of opportunities which is going to provide the growth vehicle for this company into the future.
And you can see on the right hand side that we’re active across five of the countries. And I’ll touch on a little bit later in the presentation, the sale of our Leikanger asset, which was a non-core hydropower asset in Norway, and that sees us exiting from Norway at this point in time. I think important to focus a little bit on our corporate strategy, especially in markets like we’re seeing today and like we’ve seen over the last two years. And our corporate strategy remains completely unchanged.
There’s two key parts to our strategy. The first is building a portfolio of cash generating assets. The second is focusing on the large scale and long-term growth through greenfield project development. And I’m pleased to see that both of these sides of the business are performing really well in the first quarter of this year....
Orrön Energy AB (publ) (LNDNF) Q1 2024 Earnings Call Transcript