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Solør Bioenergi acquires Ringerike Bioenergi

Solør Bioenergi acquires Ringerike Bioenergi
The Ringerike Bioenergi Helgelandsmoen bioheat plant consists of a 1 MW woodchip-fired boiler and a 750 kW pellet boiler (photo courtesy Ringerike Bioenergi).

In Norway, bioheat provider Solør Bioenergi AS, part of Solör Bioenergi Group, has announced that it has via its subsidiary Solør Bioenergi Varme AS entered into an agreement to acquire in full compatriot Ringerike Bioenergi AS.

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Ringerike Bioenergi owns and operates a district heating plant at Helgelandsmoen in Hole municipality that supplies Helgelandsmoen Næringspark and a public swimming pool with approximately 5 GWh per annum of renewable bioheat.

According to Solør Bioenergi Varme, the current owners have “built a robust facility” and provided Helgelandsmoen with renewable and uninterrupted heat supply since the start in 2006.

With the investment, the value of which has not been disclosed, Solør Bioenergi wants to develop the business further in close cooperation with the business park and local authorities.

With the acquisition of the facility at Helgelandsmoen, Solør Bioenergi strengthens its investment in the Ringerik region. We look forward to supporting the continued development of the area at the business park on Helgelandsmoen by offering sustainable and renewable heating solutions, said Hans M. Moss, Chairman of Solør Bioenergi Varme.

Since its start in 2003, Solør Bioenergi has developed to become a leader in renewable energy in Norway and Sweden and today has more than 2.5 TWh in total energy deliveries annually.

For the Norwegian part of the business, the head office is in Kirkenær.

The investment in district heating has been – and is – very important to reach overall climate goals. In addition, district heating contributes to relieving the load on the electricity grid, which in turn reduces society’s investment needs, and frees up a lot of electricity capacity for more appropriate purposes than heating, said Hans M. Moss.

As a representative of the selling shareholders in Ringerike Bioenergi, Elling Tuft expresses satisfaction that it is industrial and long-term owners who will develop the business further.

The establishment and development of the facility have been an extensive side business for the current owners. We see that it is time for a professional player to take over the responsibility for further development. The daily operation of the plant continues with the same high delivery reliability as before and we are very satisfied with that, commented Elling Tuft.

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