Lundin Energy AB has proposed a name change for its standalone renewable energy business slated to remain following the close of a deal to combine Lundin’s oil and gas assets with Aker BP, the company said in a release May 16 (OGJ Online, Dec. 22, 2021).
Lundin’s onshore renewable assets in the Nordic nations, with forecast power generation of 600 GWhr/year once fully constructed, are not part of the planned combination. Lundin proposes a name change of the remaining business to Orrön Energy AB.
The change—expected to take effect July 1 following the anticipated June 30 completion of the Aker BP transaction—is subject to shareholder approval at a June 16 meeting.
The renewables business will retain certain members of Lundin Energy’s current board and management team, with knowledge of the asset base within renewables, the company said.