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Norsk Solar är verksamma inom energisektorn. Bolaget är en helhetsleverantör av solenergiprojekt som både utvecklar, säljer och installerar solenergilösningar. Utöver huvudverksamheten erbjuds eftermarknadsservice, support och underhåll. Kunderna består huvudsakligen av företag som är verksamma på tillväxtmarknader. Bolaget har sitt huvudkontor i Stavanger.
2021-06-15 06:44:01
Stavanger, NORWAY - 15 June 2021, Norsk Solar AS (NSOL), a fully integrated
independent solar power producer focusing on emerging markets and corporate and
industrial (C&I) in addition to utility-scale solar projects, has signed a joint
development agreement to build a solar power plant in North Macedonia, paving
way for a new sustainable business model in the country and an increased project
pipeline for Norsk Solar AS in the region.

"We have been actively working in the Balkan-region for years, and now our
efforts are materializing. North Macedonia, with its great solar potential, but
largely fossil-fuel based energy mix, creates a solid foundation for our
business model of selling reliable, cheap and renewable energy to companies.
Prior to finalizing the joint development agreement with our local partner, we
have secured the land area and relevant licenses ahead of the expected
investment and construction." says Øyvind L. Vesterdal, CEO of Norsk Solar.

The solar power plant will be a joint development project with a local partner,
majority owned by Norsk Solar. The project will be located near Skopje, in close
proximity to large industrial and corporate companies. The project size is 10MW
and is the first of a potential larger portfolio to be built together with its
local partner.

"The project in North Macedonia will be a stepping stone for us to expand
further into the Balkans, and has the potential of positioning Norsk Solar as a
leading C&I player in the region, says Filippo Comelli, EVP Project Finance and
Development in Norsk Solar.

Norsk Solar, prior to listing on Euronext Growth Oslo in April, 2021, raised NOK
110 million in equity for further expansion and funding of its C&I projects. In
addition, the company recently established a unique financing platform with
FinnFund, called the Nordic Impact Cooperation, dedicated to Norsk Solar's C&I

Øyvind L. Vesterdal, Chief Executive Officer, +47 900 70 126,

Helga Cotgrove, Chief Financial Officer, + 47 907 35 246,

About Norsk Solar AS
Norsk Solar is a fast-growing independent solar power producer, with 70 MW of
assets in operation or under construction in emerging markets. The company has a
project pipeline of 2 GW with a focus on corporate and industrial solar
projects. Norsk Solar has offices in Norway, Ukraine, Nicaragua, South Africa,
Brazil, and Vietnam and currently counts more than 20 employees. Read more at:

About North Macedonia
North Macedonia is a country in South East Europe and officially called the
Republic of North Macedonia. The country has approx 2 million inhabitants and
its capital is Skopje. The country has experienced a positive GDP growth the
last years, and its government has targeted renewable energy, and particular
solar power, as one of the important pillars to lead the energy transformation
of the country away from fossil energy.