Tag: turbines

Orrön Energy AB (“Orrön Energy” or “the Company”) is pleased to announce that it has entered into an agreement with Cloudberry Clean Energy ASA (“Cloudberry”) to combine the Company’s Nordic renewable energy platform and organisation, excluding the Karskruv windfarm, with Cloudberry (the “Transaction”), creating a leading Nordic independent power producer (“IPP”). As consideration for the Transaction, Orrön Energy will receive 27.01 percent of the shares in the enlarged Cloudberry, becoming its largest shareholder. In addition, loan balances and accrued interest of approximately MEUR 93 as of year-end 2025 will be settled or assumed by Cloudberry, and Orrön Energy will receive MEUR 4.2 in cash. Orrön Energy will take an active role in Cloudberry’s future growth through Board representation, bringing Orrön Energy’s and the Lundin Group’s experience of value creation into the combined entity. Orrön Energy will continue to own the Karskruv windfarm and its large-scale European development business, consisting of data centres, solar and battery projects.

The rare earth magnets market is set to surge from USD 21.98 billion in 2025 to USD 30.01 billion by 2030, with a CAGR of 6.4%. This growth is propelled by increasing demand across consumer electronics, wind turbines, and electric vehicles sectors. Known for their exceptional strength, these magnets enable efficient and compact designs crucial for technology advancement. The NdFeB segment, noted for its strong magnetic power, leads growth. Asia Pacific is projected to dominate globally, driven by rapid industrialization and EV demand, particularly in China. Key players include Proterial, TDK, and Neo Performance Materials.