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Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Energi & Miljö |
| Industri | Energikällor |
Stavanger/Oslo, Norway, 27 February 2023 - Norsk Solar ("Norsk Solar", OSEBX ticker: NSOL), a leading independent solar power producer in the C&I segment in high-growth markets, has published an updated Investor Presentation with revised pipeline and project updates.
Company Update
Norsk Solar is well-established as a fast-growing independent solar power producer (IPP) for commercial and industrial off-takers in targeted high-growth markets. Over the last twelve months, Norsk Solar has achieved multiple important milestones:- Welcomed Norfund as a shareholder in Nordic Impact Cooperation AS, which has reached a total of USD 31.2m in assets under management
- Secured commitments from Norad for NOK 20m in project development support plus NOK 20m in risk premium support
- Pre-invested to have exclusivity for more than 420 MWp in projects with investment decisions starting in 2023, subject to final positive due diligence and transaction closing
- Began construction on the first 18 out of 37 MWp in Brazil
- Successfully reached Financial Close with responsAbility for the first project in Vietnam, of USD 4.7m non-recourse debt
- Successfully reached Financial Close with Valora Investimentos for the first project in Brazil, of USD 10m green bond (CRI).
- Signed PPA with global corporate offtaker Lineage for a rooftop project in Vietnam
- Built a world-class engineering and procurement team located in Madrid, Spain
- Saw all projects for Central Retail enter commercial operation and production
Update to Corporate Strategy
In the second half of 2022, Norsk Solar updated its Corporate Strategy, establishing a new vision in alignment with the growing opportunities in the C&I market and maturing of projects in development and in the pipeline. The strategy outlines a new company vision in line with the increasing corporate demand for renewable power, allowing companies and industry to meet sustainability targets while reducing energy costs.
Commenting on the announcement, Øyvind L. Vesterdal, CEO of Norsk Solar, says: "Norsk Solar has established itself as a reputable supplier of solar power to commercial and industrial customers in our target markets. I am proud of our team, world-class expertise and proven track record that has and is translating into successfully executed developments and projects in operation.
Commenting on the announcement, Pål S. Valseth, Chairman of Norsk Solar, says: "The C&I sector is the fastest-growing segment in solar power. With a growing track record and innovative financing platform, Norsk Solar is in a pole position among renewable power producers in our target high-growth markets. We will continue to achieve sustainable growth in the interest of providing long-term value for shareholders."
Contact information
Investors:
Øyvind L. Vesterdal CEO
+47 900 70 126 | ov@norsksolar.com
Media:
Christine Corkery Steinsholt, Head of Communications
+47 950 95 481 | christine@norsksolar.com