Sweden-based Orron Energy is shortly set to bring a larger RTB German solar PV project to market, following on from its sale of a 76 MW solar project at the end of July.

The group, which last week announced the sale of the 76 MW project to Saxovent Renewables in a potential EUR 4m deal, said on announcing its Q2 results today that a larger 93 MW project “is expected to enter a sales process shortly.”

Orron (formerly Lundin Energy) will receive an initial payment of EUR 2m for the sale of the 76 MW scheme, with a further EUR 2m to follow contingent upon the scheme receiving all municipal and legislative approvals, which is expected to occur in 2026.

The transaction equates to an initial sale price of EUR 26,315 / MW, rising to EUR 52,630 / MW upon securing all permits.

While the price tag is less than half the EUR 100,000 / MW-plus prices seen for German RTB solar projects 1- 2 years ago, Orron chief executive Daniel Fitzgerald described it as representing “a good return on invested capital, and we will see the impact from that reflected in our third quarter results.”

He added: “This transaction marks the first monetisation from our greenfield platform and demonstrates our ability to unlock value early in the development cycle…I expect this to be the first in a series of project sales, as we continue to develop and mature our greenfield pipeline.”

In the UK, Orron is “advancing seven large-scale solar and battery projects toward final grid confirmation under the ongoing reform, with feedback expected in the second half of this year,” Fitzgerald said.

Mitigating market volatility

Orrön Energy’s operational onshore wind portfolio currently stands at around 380 MW of net capacity, with assets primarily located in the SE3 and SE4 price areas in Sweden and in Finland.

The company continued to focus on optimising its operational assets in Q2, aiming to mitigate the effects of market volatility and increased balancing costs, while advancing its project development pipeline in Germany and the UK, Fitzgerald said.

The Nordic electricity market remained challenging during the first half of 2025, with continued low electricity pricing and high balancing costs impacting the company’s financial results.

Costs related to balancing the power system have been “higher than normal” in 2025, largely driven by structural market reforms and increasing power generation on intermittency coupled with continued low demand.

As such, the company has raised its full-year guidance for operating costs from EUR 17m to EUR 19m, although it is also seeing increased revenues from ancillary services, which it expects to continue to grow and help offset this increase.

*This story was originally published exclusively for NPM Europe subscribers.