Sweden-based Orrön Energy, a renewable energy project developer focused on onshore renewable energy assets, has completed the sale of a 91 MW agrivoltaic project with a co-located battery option in Eastern Germany to Gülermak Renewables, an independent power producer.

The total consideration for the transaction is up to €5.6 million (~$6.6 million), including reimbursement of development costs. Of this, €2.4 million (~$2.8 million) was paid at closing, with the remaining amount contingent on the achievement of development milestones.

The project is currently at the ready-to-permit stage, with Orrön Energy continuing to advance development until it reaches ready-to-build status, expected by 2027.

Watson Farley & Williams advised Orrön Energy on the transaction.

Orrön Energy has previously divested three agrivoltaic projects to Gülermak Renewables, including a 234 MW solar project in Germany, for a total consideration of up to €14 million (approximately $16 million). The portfolio comprises three solar projects.

“We are delighted to have once again advised Orrön Energy. Agrivoltaics is an innovative solution that maximizes land use and will play an important role in the energy transition. Advising on such deals underscores WFW’s recognized expertise in the renewable energy sector,” said Wolfram Böge, Hamburg Corporate Partner, Watson Farley & Williams.

In addition to the project sale, Orrön Energy said it has secured municipal approval for a separate battery energy storage project in Germany. The company is also exploring divestment options for a 1.8 GW solar project pipeline in the UK.

According to Mercom’s Annual and Q4 2025 Solar Funding and M&A report, approximately 37.4 GW of solar projects were acquired in 2025, compared to 37.7 GW in 2024.

In 2023, OX2, a Sweden-based renewable energy company that develops, funds, and manages large-scale projects, signed an agreement to sell 23 MW of an agri-PV project in the Loiret region of France to CVE, a France-based independent renewable energy power producer.