Sweden-headed bioenergy services provider Solör Bioenergi Group has announced that Polhem Infra, a newly formed investment company wholly owned by the Swedish State Pension Funds AP1, AP3, and AP4, has acquired 21.45 percent of the shares in the Group from existing shareholders. As a long-term equity partner Polhem Infra further strengthens Solör's successful growth strategy within district heating and renewable bioenergy in Sweden and Norway.
According to a statement, 10 percent of the shares are sold by the majority shareholder BE Bio Energy Group and 11.45 percent from Arvin Meritor, Sunrise, YRC, and J&J. Formed in 2019, Polhem Infra focuses on direct investments in non-listed Swedish infrastructure companies in the private and public sectors. The portfolio companies’ business shall provide essential public services and assets as for example renewable energy production, energy storage, energy distribution, and digital infrastructure.
With Polhem Infra, we attract a long-term sustainable equity investor of the highest quality and they are a perfect match for all our stakeholders. Together with Polhem Infra, we will further accelerate our growth strategy as well as strengthening our position as a leading provider of district heating said Martinus Brandal, Chairman and CEO of Solör Bioenergi Group.
Solör Bioenergi Group comprises of bioenergy companies that are providing essential energy services in Sweden, Norway, and Poland. The Group produces wood-based bioenergy for the public and private sector including private households, municipalities, industrial customers and local/regional governments.
The Group operates in the entire value chain from procurement, production, and distribution to sale of energy in the form of district heating, industrial steam, electricity, and various biomass fuel products such as wood pellets.
Solör’s unique strategy to invest in small scale bioenergy fueled district heating gives Polhem Infra opportunity and access to invest in an important part of the Swedish energy sector. The Group’s proven track record as an industry consolidator has convinced Polhem Infra of the Group’s dynamic growth strategy and execution capability. Polhem Infra will focus on further enhancing the company’s position as a sustainable and responsible provider of infrastructure to its customers and society, said Mikael Lundin, CEO of Polhem Infra.
The investment in Solör Bioenergy Group is the first for Polhem Infra since its foundation earlier this year. The parties have agreed not to disclose the purchase price.
Solör Bioenergy Group is a leading energy company for wood-based district heating with a focus on the highest environmental, social and governance standards. With Polhem Infra on the team, our growth strategy will continue to be ambitious and action-oriented while we continue to serve as an active and responsible partner to our clients, ended Martinus Brandal.