About Norsk Renewables
Norsk Renewables is an Energy & Utilities company based in Stavanger (Norway) founded in 2017 by Lars Helge Helvig and Petter S Berge. Solar energy projects are developed, financed, and operated in Norway. Norsk Renewables has raised $6.35 million across 2 funding rounds from investors including AV Group. The company has 15 employees. Its chief executive, as recorded, is Torbjorn Elliot Kirkeby-Garstad. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its legal entity is Norsk Solar AS. Its competitors include Statkraft, Njordr and Fenix Repower.
Company details
Norsk Renewables was established in 2017 in Stavanger, Norway, as a provider in the renewable energy sector. Operations are conducted as an independent power producer with vertical integration, encompassing the development, financing, construction, ownership, and management of solar projects. Focus is placed on solar energy initiatives across Norway, supporting the transition to renewables through independent operations.
- Headquarters Stavanger, Norway
- Employees 15
- Founders Lars Helge Helvig, Petter S Berge
- SectorsEnergy & Utilities
- Email••••••••
- Website norskrenewables.com
- Social LinkedIn Facebook
- Legal Name Norsk Solar As
- Total Equity Funding$6.35M (USD)
in 2 rounds
- Latest Funding Round$3.41M (USD), Series A
Feb 2024
- Investors
- Employee Count15
Funding Insights of Norsk Renewables
Norsk Renewables has successfully raised a total of $6.35M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.41 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $6.35M
- Total Rounds 2
- Last Round Series A — $3.41M
- First Round $2.94M
(Apr 2021)
- Investors Count 1
All 2 funding rounds of Norsk Renewables with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $3.41M | Series A | – | – | – |
| Apr 2021 | $2.94M | Seed | – | AV Group | – |
1 investors in total: 1 institutional.
Investors in Norsk Renewables
Norsk Renewables has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include AV Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| avgroup.io |
Investor details for Norsk Renewables
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People of Norsk Renewables
3 people are tracked at Norsk Renewables (3 in leadership); the tracked headcount is 15.
| Name | Role | Group |
|---|---|---|
Lars Helge Helvig | Co-Founder | Leadership |
Petter S Berge | Co-Founder | Leadership |
Torbjorn Elliot Kirkeby-Garstad | CEO | Leadership |
Complete people profiles for Norsk Renewables
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Timeline of Norsk Renewables
3 dated milestones of Norsk Renewables across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Norsk Renewables is founded.
- Funding First funding round of $2.9M.
- Funding Latest funding round, Series A, of $3.4M.
Competitors of Norsk Renewables
Norsk Renewables has 3 listed competitors in our database. They include Statkraft, Njordr and Fenix Repower.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| statkraft.com | 1895 | Oslo, Norway | Renewable energy production services are provided by Statkraft. | |||
| njordr.no | 2018 | Oslo, Norway | Creates innovative technologies for renewable wind and solar energy projects. | |||
| fenixrpr.com | 2016 | Stavanger, Norway | Onshore wind and solar projects are developed and built. |
Detailed competitors of Norsk Renewables
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Web traffic of Norsk Renewables
The website of Norsk Renewables (norskrenewables.com) receives about 2.5K visits a month.
- Monthly visits2.5K
▲ 80% vs previous month
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Frequently Asked Questions about Norsk Renewables
Norsk Renewables was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Norsk Renewables is headquartered in Stavanger, Norway. It is registered at Stavanger, Rogaland, Norway.
Torbjorn Elliot Kirkeby-Garstad is the CEO of Norsk Renewables, as recorded in our data.
Norsk Renewables is a funded company, having raised a total of $6.35M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.94M, raised on Apr 2021.
Norsk Renewables has 15 employees.
Norsk Renewables was established in 2017 in Stavanger, Norway, as a provider in the renewable energy sector. Operations are conducted as an independent power producer with vertical integration, encompassing the development, financing, construction, ownership, and management of solar projects. Focus is placed on solar energy initiatives across Norway, supporting the transition to renewables through independent operations.
Norsk Renewables's top competitors include Statkraft, Fenix Repower and Njordr.
Norsk Renewables has 1 investor. Key investors include AV Group.
Norsk Renewables operates through Norsk Solar As.