OSLO – Dec 20, 2022 – Green Transition Holding (GTH) has signed an agreement to sell its 49% ownership Green Bio, a bio energy development and asset owning company. Green Bio was established in 2021 to develop a bio energy district heating platform in Norway. Following a year and a half of development, GTH has decided to divest its shareholding. Today Green Bio owns ten operating bio energy plants, with a yearly production of about 20 GWh, as well as one large greenfield project under development.
 
“This has been a successful journey for GTH, developing the Green Bio platform and generating value for both GTH and the other shareholders over the last year and a half. We would like to thank Partner Energy for the partnership and wish them all the best for future growth.” says Paal Skoe, CEO GTH. 
 
GTH will use the proceeds from the transaction to further invest in the energy transition.
 
About Green Transition Holding
GTH address the increasing demand for sustainable waste infrastructure and low carbon energy globally. We develop, invest in, and build out proven technology and solutions to support the energy transition, specializing in Energy-from-Waste, Bio Energy District Heating and Carbon Capture and Storage (CCS). Within our Group Companies and management team we have more than 30 years of industrial experience and knowhow, this is our license to operate and key enabler. 
 
GTH was listed on the NOTC list in December 2020 and holds the ticker code GTH.