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.

Solør Bioenergy Group concludes its strategic review

Today the owners and the board of directors of Solør Bioenergy Group announced that the strategic review of the Group has been concluded.

Solør Bioenergy Group initiated a review in the fall 2017 to evaluate the future strategy of the Group. The Group engaged SEB Corporate Finance as financial advisors for the assignment.

‘’We have been considering different options, from strategic industrial alliances to keeping the business as it is or selling it. The owners and the board of directors have now concluded. We will keep the business and continue to create shareholder value through profitable growth”, says Martinus Brandal Chairman & CEO.

‘’There is no change to our overall strategy. We will continue to optimize our asset base and grow the company organically, which will also be facilitated by the local district heating solutions provided by the newly acquired Pemco Energi. We will also continue to grow through acquisitions. We are proud owners of a very interesting and profitable renewable bioenergy business with further growth potential.” says Brandal.

Solør Bioenergy Group owns and operates 134 central- and local district heating plants in Sweden, Norway and Poland, together with 4 pellets plants, 1 briquette plant and 3 environmental terminals.

For more information please contact:
Florian Raitner
CFO Solør Bioenergy
+41(0)78 679 88 44
florian.raitner@solorbioenergi.com

About Solør Bioenergy

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 52 central district heating plants, 82 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 8,250 customers. The head office is located in Stockholm, Sweden. Read more about Solør Bioenergy Group at www.solorbioenergi.com.

Download as PDF ›

Solør Bioenergi kjøper Pemco Energi

Solør Bioenergi vokser i Sverige og Norge gjennom oppkjøpet av Pemco Energi fra det norske investeringsselskapet Pemco.

– Vi har i lang tid fulgt med på utviklingen til Pemco Energi, og må si vi er imponert over den posisjonen selskapet har fått innen trebasert bioenergi i Norge og Sverige. Dessuten komplementerer Pemcos kundeportefølje Solørs forretningsmodell på fjernvarme, og dette vil føre til flere positive effekter for begge virksomhetene, sier konsernsjef i Solør Bioenergi, Martinus Brandal.

Solør Bioenergi er et ledende bioenergkonsern med virksomheter i hele verdikjeden fra innkjøp, produksjon, distribusjon og salg av energi i form av fjernvarme, industriell damp, elektrisitet og ulike biobrenselsprodukter. Oppkjøpet av Pemco Energi viser ifølge konsernsjefen Solørs strategiske ambisjon om kontinuerlig å skape vekst.

‐ Etterspørselen etter fornybar varme skal øke i årene som kommer, og med kjøpet av Pemco Energi styrker vi konkurransekraften vår i et marked vi har stor tro på, sier Brandal.

Pemco Energi drifter og leverer i dag varme til 82 anlegg i Norge og Sverige, og produserer biobasert brensel på to fabrikker i Säffle og Brumunddal.

‐ Pemco Energi har hatt en svært positiv utvikling de seneste årene, og vi er trygge på at Solør Bioenergi med sin kompetanse og erfaring fra fornybarmarkedet vil fortsette denne utviklingen i årene som kommer, sier Håkon Knappskog i Pemco AS.

Knappskog, som har ledet Pemco Energi siden 2012 spår at selskapet med nye eiere vil fortsette veksten.

‐ Selskapet står i dag fjellstøtt på grunn av de ansattes sterke kompetanse, vilje til å stå på og evne til å levere resultater. Det gjør meg trygg på at fremtiden ser lys ut for selskapet, sier Knappskog.

Partene er enige om ikke å offentliggjøre kjøpesummen.

For mer informasjon, kontakt:

Florian
 Raitner
CFO Solør Bioenergi
+41 (0)78 679 88 44
florian.raitner@solorbioenergi.com

Ben Holan
Head of Communications Pemco AS
+47 47 409 459
ben.holan@pemco.no

Om Solør Bioenergi
Konsernets virksomhet er produksjon av fjernvarme og prosessdamp, produksjon av biobrensel i form av flis, briketter og pellets, samt energigjenvinning av utrangert impregnert trevirke. Virksomheten er for tiden organisert i to hovedsegmenter, fjernvarme og biomasse. Konsernets virksomhet omfatter Sverige, Norge og Polen, og inkluderer 52 energianlegg, 3 miljøterminaler, 2 pelletsfabrikker og 1 brikettfabrikk. Årlig leveres ca. 2,1 TWh til konsernets mer enn 7.000 kunder. Hovedkontoret ligger i Stockholm. Les mer om Solør Bioenergi‐konsernet på hjemmesiden: www.solorbioenergi.com

Om Pemco Energi
Pemco Energi er et av de raskest voksende selskapene innenfor fornybar energi i Skandinavia. Selskapet har 35 ansatte og omsetter for 165 millioner per år, samt eier trepelletsfabrikker med en samlet produksjonskapasitet på ca. 60 000 tonn/år som tilsvarer 290 GWh fornybar energi. I 2017 leverte selskapet ca. 145 GWh i 82 varmesentraler i Norge og Sverige. Pemco Energi har eksistert i ca. 30 år og er en del av Pemco‐konsernet som omsetter for ca. 2 milliarder per år.

Last ned PDF »