• Investment

Norsk Solar: announces private placement and intention to list on Euronext Growth Oslo

  • Sector: Energy
  • Date: March 25, 2021

  • Company: Norsk Renewables develops and invests in renewable energy in emerging markets.

Norsk Solar raised NOK 130 million for further growth in October last year. The company has now raised an additional NOK 110 million through a private placement in relation to their request for listing on Euronext Growth on the 19th of April under the ticker NSOL.

Norsk Solar currently has 30 employees, 70 MW completed and under construction in countries such as Pakistan, Ukraine and Vietnam, as well as a number of projects exceeding 1GW in the pipeline, mainly in Africa and Southeast Asia. Thus the company has managed to position itself as one of the leading players in the financing and construction of solar power for multinational companies in emerging markets.

With our unique financing method of solar power plants, combined with a global presence, Norsk Solar gives local companies the opportunity to take an active part in the green shift, says Øyvind Vesterdal, CEO at Norsk Solar. Its a new fact that companies in emerging markets now have access to the low electricity prices from renewable energy, at the same time as they reach their environmental goals, Vesterdal concludes.