Oslo/Norge, 1st of August 2023.

Norsk Solar an independent power producer (IPP) and energy provider that develops, builds, owns and operates on-site solar power plants for corporate and industrial off-takers is happy to announce that they have been granted a loan of NOK 20 million from Innovation Norway. The funding comes at an important moment in the company`s trajectory, allowing it to propel its sustainable initiatives and further expand its presence in the rapidly evolving renewable energy market.

The loan, with a 10-year duration, signifies a significant vote of confidence in Norsk Solar`s vision and operational prowess from one of the most influential institutions supporting innovation and sustainable ventures.

“We are grateful to receive this financial backing from Innovation Norway,” said Torbjørn Elliot Kirkeby-Garstad, CEO at Norsk Solar. “This funding will play a pivotal role in accelerating our mission to grow in the renewable energy landscape. With Innovation Norway`s support, we are confident that we can take our growth to new heights, driving positive change and contribution to a greener and more sustainable future.”

Norsk Solar is working with innovative solutions how to address the world`s pressing environmental challenges and lack of renewable energy. The loan from Innovation Norway will be utilized to fuel the company`s ongoing development initiatives, expand its renewable energy projects, and enhance its overall operational capabilities.

Norsk Solar has worked with Innovation Norway for a long time as they always are on the lookout for forward-thinking companies that are actively striving to make a difference in the renewable energy domains. The commitment to sustainability aligns perfectly with its mission, and the company believes that this partnership will yield benefits for both Norsk Solar and the broader community.

Over the past years, Norsk Solar has achieved milestones in successfully deploying renewable energy solutions across various industries and geographical regions. With the newfound support from Innovation Norway, we are poised to reach new milestones, further establishing itself as a very interesting company in the renewable energy sector.

About Norsk Solar:

Norsk Solar is an independent power producer (IPP) and energy provider that develops, builds, owns and operates on-site solar power plants for corporate and industrial off-takers with strong track records and presences in Norway, South Africa, Brazil and Vietnam. Norsk Solar focuses on building solar projects in emerging markets where they can maximize their impact on CO2 reduction, job creation and enabling sustainable growth.

For media inquiries or further information please contact:

Ingrid Sara Grimstad Amundsgård

E-mail: ingrid.sara@norsksolar.com