Nordic Infrastructure AG completes its EUR 200m Green Financing

Solör Bioenergy Group’s main shareholder Nordic Infrastructure AG (NIAG) successfully completed a EUR 200m Green Financing.

NIAG announced today that it has completed a EUR 200m Green Financing under the established Green Finance Framework.

“With this new financing, we have attracted global long-term investors enabling us to accelerate the growth strategy in Solör Bioenergy Group together with our co-shareholders,” says Martinus Brandal, CEO of NIAG. “Together with DNB Markets, we have attracted two of the biggest long-term debt investors in the world as our future partners,” says Brandal.

The new funds will be used to refinance NIAG’s existing debt facility as well as investing in the future growth of Solör Bioenergy Group and ensuring liquidity for the ordinary course of business of NIAG.

DNB Markets acted as Sole Financial Advisor and Sole Sustainable Finance Advisor in the transaction.

For more information, contact:
Martinus Brandal
CEO, Nordic Infrastructure AG
+47 916 30 060
martinus.brandal@solorbioenergi.com

Solör Bioenergy Group
Solör Bioenergy Group is a leading player in renewable energy based on wood fuels with over 200,000 users every day. The company is located at 165 sites, primarily in Sweden and Norway, where they produce and distribute district heating, steam and electricity to homes, companies, public enterprises and industries. The business also includes energy recovery of impregnated wood and production of biofuel. By making use of the forest’s resources, Solör wants to make way for a sustainable society with reduced carbon dioxide emissions. The head office is located in Stockholm, Sweden. Read more about Solör Bioenergy Group at www.solorbioenergi.com.

Nordic Infrastructure AG
NIAG is an industrial holding company domiciled in Switzerland, owned by the founders of Solör Bioenergy Group. NIAG is the main controlling shareholder in Solör Bioenergy Group, and its strategy is to be a long-term active and driving shareholder within renewable energy in Sweden and Norway. We strive to improve the impact on a better sustainable society.

Solör Bioenergy Group successfully acquire district heating and fiber network in Falbygdens Energi AB from Nordion Energi

Solör Bioenergy Group announced today that it has successfully acquired Falbygdens Energi AB from Nordion Energi. The deal, which includes district heating and the fiber network in Falköping, enters into force during May 2021. The electricity network operations in Falköping and the surrounding area continue to be owned and operated by Nordion Energi.

The acquisition of Falbygdens Energi AB means that Solör Bioenergy Group acquire the entire company, including district heating and the fiber network in the towns of Falköping, Stenstorp and Floby in Västra Götaland. The business will be run under the Solör brand. The electricity network, which remains with Nordion Energi, continues under the Falbygdens Energi brand.

– With this acquisition, we continue to execute our defined growth strategy within renewable district heating in the Nordics”, says Martinus Brandal, Chairman & CEO of Solör Bioenergy group. – The acquisition will further strengthen Solör Bioenergy’s position as one of the leading providers of district heating in Sweden.

The production of district heating in Falbygdens Energi amounts to 160 GWh energy annually, which includes district heating, steam and electricity and is marked according to Swedish environmental standards, “Good Environmental Choice.”

– We are very pleased to be able to realize this acquisition, which is a proof of our growth strategy. Solör has followed the company for a long time and being able to complete the acquisition together with Nordion feels fantastic. The company has good expertise that will be useful for the entire Solör Group, says Anders Pettersson, Managing Director & COO Solör Bioenergy Group.

– For Nordion Energi, the deal means that we continue to build an energy group with a sustainable and flexible offering, prepared for the future. We look forward to developing the electricity network business in Falköping and the surrounding area and being a strong partner to our customers, says Hans Kreisel, CEO Nordion Energi.

 

For further information, contact:

Martinus Brandal, Chairman & CEO, Solör Bioenergy Group, +47 916 30 060
Florian Raitner, CFO, Solör Bioenergy Group, +41 786 79 8844
Anders Pettersson, Managing Director & COO Solör Bioenergy Group, +46 70 491 5595
Hans Kreisel, CEO Nordion Energi+46 722 175 821

 

Solör Bioenergy Group

Solör Bioenergy Group, is a leading player in renewable energy based on wood fuels with over 200,000 users every day. The company is located at 165 sites, primarily in Sweden and Norway, where they produce and distribute district heating, steam and electricity to homes, companies, public enterprises and industries. The business also includes energy recovery of impregnated wood and production of biofuel. By making use of the forest’s resources, Solör wants to make way for a sustainable society with reduced carbon dioxide emissions.

 

Nordion Energi

Nordion Energi is specialized in energy infrastructure. Their goal is to drive the energy transition towards a society with 100% green energy. The group consists of Weum and Swedegas, which own and operate infrastructure for gas in southwest Sweden, and Falbygdens Energi, which supplies electricity to customers in Falköping and the surrounding area. Together, they have 40,000 customers in industry, companies, energy companies, commercial properties and private households.

For more information, read at: www.nordionenergi.se

Polhem Infra and Nordic Infrastructure acquire additional stake in Solör Bioenergy Group

Solör Bioenergy Group ́s existing shareholders, the Infrastructure investor Polhem Infra and the majority shareholder Nordic Infrastructure, increase their shareholding by acquiring all shares from YRC Worldwide Inc.

Solör Bioenergy Group announced today that Polhem Infra, wholly owned by the Swedish State Pension Funds AP1, AP3 and AP4 and Nordic Infrastructure, the original Solör Bioenergy Group founders holding company, have acquired 3.66% of the shares in Solör Bioenergy Group from the existing shareholder YRC Worldwide inc. 90% of the shareholding are acquired by Polhem Infra and 10% of YRC ́s shares are acquired by Nordic Infrastructure.

“Solör Bioenergy Group is a leading energy company for wood-based district heating with focus on the highest ESG standards. Moreover, we are executing a rapid growth strategy and will continue to be ambitious and action oriented while we continue to serve as an active and responsible partner to our clients,” says Martinus Brandal, Chairman & CEO of Solör Bioenergy. “Therefore, Nordic Infrastructure is taking this opportunity to increase it ́s shareholding in this growing company,” adds Brandal.

The investment in Solör Bioenergy Group was the first for Polhem Infra after its foundation 2019. “The Group has a proven track record as an industry consolidator with several successful transactions since Polhem Infra ́s initial investment. Therefore, Polhem Infra took this opportunity to acquire additional shares, as we view Solör as an important and long – term investment Polhem Infra will continue to focus on further enhancing the company’s position as a sustainable and responsible provider of district heating to its customers and society”, says Mikael Lundin, CEO of Polhem Infra.

The parties have agreed not to disclose the purchase price.

For more information, contact:
Martinus Brandal
Chairman & CEO, Solör Bioenergy Group
+47 916 30 060
martinus.brandal@solorbioenergi.com

Mikael Lundin
CEO, Polhem Infra
+46 70 278 05 84
mikael.lundin@polheminfra.se

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Green Finance Framework certificate

In the Solör Group, we strive to have a fossil-free production of energy with an ambition to be climate neutral. By producing renewable energy and recycling hazardous wood waste, we wish to promote the transition towards an environmentally sustainable society. We are actively working to increase the proportion of biofuels, minimize the share of fossil fuels, reduce electricity consumption and increase efficiency in our production of energy.

Our operations require compliance with strict environmental regulations and codes in the countries where we operate, as well as permits and licenses. To ensure a consistently high quality, we benchmark our production facilities to identify improvement areas and implement best practice processes for all plants. To reduce our electricity use, we are installing metering devices to monitor electricity use, we are enhancing the efficiency of existing flue gas condensers, pumps, fans and compressors, and we are installing LED lighting.

BE Bio Energy Group AG and the Solör Group have obtained a Second Party Opinion from CICERO Shades of Green to confirm the transparency of this Green Finance Framework and its alignment with the LMA Green Loan Principles and the ICMA Green Bond Principles, both published in 2018. The Second Party Opinion is available here together with the Green Finance Framework.

Download documents:
The Second Party Opinion »
Green Finance Framework »

Solör Bioenergy acquires Vasa Värme

Solör Bioenergy acquires Vasa Värme and thus continues the Group’s defined growth strategy.

Solör Bioenergy Group announced today that it has acquired Vasa Värme. Vasa Värme comprises of six renewable district heating power plants in Sweden and accounts for an energy delivery of approx. 140 GWh. Vasa Värme delivers renewable energy to approx. 1 000 customers in Sweden.

“With this acquisition, we are executing our defined growth strategy within renewable district heating in the Nordics”, says Martinus Brandal, Chairman & CEO of Solör Bioenergy. “The acquisition is the next step in accelerating our growth strategy as well as strengthening our position as a leading provider of district heating in this market.”

“Going forward, we are operating in 81 municipalities in Sweden and 17 municipalities in Norway, and we deliver safe and clean energy to the highest ESG standards. We will continue our M&A strategy with small and mid-size acquisitions”, says Brandal.

For more information, contact:
Martinus Brandal
Chairman & CEO, Solör Bioenergy Group +47 916 30 060

Florian Raitner
CFO, Solör Bioenergy Group +41 786 79 8844

Stockholm, June 3, 2020

Solör Bioenergy Group
Solör Bioenergy Group provides 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 annual energy delivery amounts to approximately 2.5 TWh and the Group has approximately 9,800 customers and the equivalent of 190 500 users. The head office is located in Stockholm, Sweden. Read more about Solör Bioenergy Group at www.solorbioenergi.com.

Solör Bioenergy establish a new finance structure

Solör Bioenergy forms a new group finance structure for the entire company. The new group finance structure consists of a syndicate of 6 international banks to further strengthen the Group’s growth strategy. Solör Bioenergy Group announced today that it completed a refinancing for the entire Group. The new financing structure includes a Senior Facility as well as a Junior Facility. The new financing covers the entire Group and includes a substantial Capex Facility and a Revolving Credit. This will contribute to the Groups growth strategy going forward.

“With this new finance structure, we have secured access to liquidity for our operations and growth strategy within renewable district heating and biomass production in the Nordics”, says Martinus Brandal, Chairman & CEO of Solör Bioenergy. “With this kind of financial power, we will be able to further accelerate our growth strategy as well as strengthening our position as a leading provider of district heating”, adds Brandal.

“We operate in 77 municipalities in Sweden and 17 municipalities in Norway, and we deliver safe and clean energy to the highest ESG standards. We will continue our M&A strategy with small and mid-size acquisitions”, says Brandal.

For more information, contact:
Martinus Brandal
Chairman & CEO, Solör Bioenergy Group
+47 916 30 060

Florian Raitner
CFO, Solör Bioenergy Group
+41 786 79 8844

Stockholm, March 24, 2020

Solör Bioenergy
Group Solör Bioenergy Group provides 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 annual energy delivery amounts to approximately 2.5 TWh and the Group has approximately 8,800 customers and the equivalent of 156 500 users. The head office is located in Stockholm, Sweden. Read more about Solör Bioenergy Group at www.solorbioenergi.com.

Med bakgrunn i den pågående situasjonen med spredning av Corona-viruset (Covid – 19)

For oss er våre ansattes, kunders og samarbeidspartneres sikkerhet og helse av største betydning. Vi følger derfor Helsemyndighetenes retningslinjer og hva de sier om utviklingen av situasjonen om Covid -19. Våre ansatte er informert om at de skal holde seg hjemme fra arbeid dersom de har symptomer som stemmer overens med Covid-19. Vi gjør vårt ytterste for at alt skal flyte på som vanlig. Vi har så langt unngått permitteringer og har bemanning på våre anlegg slik at vi er i stand til å opprettholde varme-/ og brenselleveransene.

De mest nødvendige besøkene kan tas i mot etter særskilt avtale, men øvrige besøk flytter vi frem i tid. Vi takker for forståelsen.

Polhem Infra acquires equity stake in Solör Bioenergy Group

Solör Bioenergy Group attracts the Infrastructure investor Polhem Infra as a long-term equity partner to further strengthen its successful growth strategy within district heating and renewable bioenergy in Sweden and Norway.

Solör Bioenergy Group announced today that Polhem Infra, wholly owned by the Swedish State Pension Funds AP1, AP3 and AP4, has acquired 21.45% of the shares in Solör Bioenergy Group from existing shareholders. 10% of the shares are sold by the majority shareholder.

Read more ›

Solør Bioenergy Group – Change in the main shareholder’s ownership structure

The main shareholder of Solør Bioenergy Group (SBG) in Sweden, BE Bio Energy Group (BEG) in Switzerland, announced today its purchase of Socael AS shares in BEG.

BEG announced today its purchase of all Socael’s shares in BEG.

Socael has been an important financial investor in BEG during the last 10 years and has been instrumental for the successful development of the wood-based bio energy business in the Group.

Over the last 10 years SBG has developed its bio energy business from having one plant in Norway to having more than 140 bioenergy district heating plants mainly in Sweden and Norway.

We thank Socael for its contribution as a strategic investor in the early phase of developing the growth strategy of the Group, which has turned SBG into a leading renewable district heating bio energy company in the Nordic region.

The parties have agreed not to disclose any further details of this transaction. 13th of June 2019

For information please contact:
Martinus Brandal
Chairman & CEO, Solør Bioenergy Group
+47(0)91 63 00 60
martinus.brandal@solorbioenergi.com

Download the press release ›

Solør Bioenergy Group

Solør Bioenergy Group provides essential energy services primarily 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. As a leading bioenergy company, the Group is operating in the entire value chain from procurement, production and distribution to sale of energy in form of district heating, local heat, industrial steam, electricity and various biomass products. Within the Group’s operations, there are 56 central district heating plants, 86 local district heating plants, 3 environmental terminals, 4 pellet plants and 1 briquette plant. The annual energy delivery amounts to approximately 2.5 TWh and the Group has approximately 8,800 customers and the equivalent of 156 500 users. The head office is located in Stockholm, Sweden.