About Solor Bioenergy Group
Solor Bioenergy Group is an Energy & Utilities company based in Church (Norway) founded in 2005, and was acquired by Polhem Infra in November 2019. Provider of renewable energy from wood waste, producing district heating, biofuels, and sustainable water solutions. Solor Bioenergy Group has completed 7 acquisitions, including Eidefoss Biovarme, Falbygdens Energi and Lantmannen Agrovarme. Its chief executive, as recorded, is Martinus Brandal. Solor Bioenergy Group offers products and services including District Heating and Biofuels. Its focus areas include Energy, Bioenergy, Energy Generation and Heating. Its legal entity is Solör Bioenergi AB.
Company details
Founded in 2005 in Kirkenaer, Norway, Solor Bioenergy Group operates in the renewable energy sector. Wood waste is converted into district heating through energy production processes. Biofuels, including pellets and briquettes, are manufactured from forest industry residues, while impregnated wood is recycled. Sustainable water system solutions are provided using expertise in energy operations. A circular economy model is employed to transform waste into utility services.
- Headquarters Church, Norway
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website solorbioenergi.com
- Social Facebook
- Acquired by Polhem Infra (Nov 2019)
- Legal Name Solör Bioenergi Ab
- Annual Revenue$226.85 M (USD)27as on Dec 31, 2022
- Net Profit-$44.39 M (USD)-38as on Dec 31, 2022
- EBITDA-$113.84 M (USD)-45as on Dec 31, 2022
- Latest Funding Round$2.13B (USD), Debt – Conventional
Feb 2024
- InvestorsPolhem Infra
& 1 more
- Investments & AcquisitionsEidefoss Biovarme
& 6 more
- Acquired byPolhem Infra
(Nov 2019)
Products & Services of Solor Bioenergy Group
Solor Bioenergy Group offers a comprehensive portfolio of products and services, including District Heating and Biofuels.
District heating is produced and distributed to homes and businesses using renewable sources like wood fuels
Biofuels such as pellets and briquettes are manufactured from wood waste for energy applications
Funding Insights of Solor Bioenergy Group
- Total Rounds 1
- Last Round Debt – Conventional — $2.13B
- First Round $2.13B
(Feb 2024)
All 1 funding rounds of Solor Bioenergy Group 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 | $2.13B | Debt – Conventional | – | – | – |
2 investors in total: 2 institutional.
Investors in Solor Bioenergy Group
Solor Bioenergy Group has secured backing from 2 investors. Prominent investors backing the company include Polhem Infra and PostNord.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Invests in renewable energy, digital, and transport infrastructure for long-term returns. | 2019 | polheminfra.se | Stockholm, Sweden | |
Flexible parcel delivery solutions are provided by PostNord in Denmark. | nordicinfrastructure.dk | Denmark |
Investor details for Solor Bioenergy Group
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- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Solor Bioenergy Group
1 people are tracked at Solor Bioenergy Group (1 in leadership).
| Name | Role | Group |
|---|---|---|
Martinus Brandal | CEO & Chairman | Leadership |
Complete people profiles for Solor Bioenergy Group
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by Solor Bioenergy Group
Solor Bioenergy Group has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Eidefoss Biovarme, Falbygdens Energi and Lantmannen Agrovarme.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Bioenergy solutions for restaurants are developed and supplied. | ringerikebioenergi.no | 2016 | Feb 2023 | •••• | ||
Solar bioenergy services are provided from Otta, Norway. | Otta, Norway | 2007 | Sep 2022 | •••• | ||
Solar energy projects are developed by Norske Varmeleveranser since 2006. | norskevarmeleveranser.no | Spruce, United States | 2006 | Sep 2022 | •••• | |
Heating plant services are provided for agricultural applications. | lantmannenagrovarme.se | Jonkoping, Sweden | 2017 | Sep 2022 | •••• | |
Electrical metering services are provided in Sweden. | falbygdensenergi.se | Falkoping, Sweden | 1917 | Apr 2021 | •••• | |
Biofuel-powered district heating is produced and supplied in Sweden. | vasavarme.se | Stockholm, Sweden | 2014 | Jun 2020 | •••• | |
Solar and wind energy projects are developed by Pemco Trepellets. | pemcoenergi.se | Brumunddal, Norway | 2014 | Mar 2018 | •••• |
Complete acquisition details for Solor Bioenergy Group
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- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Solor Bioenergy Group
10 dated milestones of Solor Bioenergy Group across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Solor Bioenergy Group is founded.
- Acquisition Acquires Pemco Trepellets.
- Exit Acquired by Polhem Infra.
- Acquisition Acquires Vasa Varme.
- Acquisition Acquires Falbygdens Energi.
- Acquisition Acquires Lantmannen Agrovarme.
- Acquisition Acquires Norske Varmeleveranser.
- Acquisition Acquires Eidefoss Biovarme.
- Acquisition Acquires Ringerike Bioenergi.
- Funding First funding round of $2.1B.
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Frequently Asked Questions about Solor Bioenergy Group
Solor Bioenergy Group was founded in 2005 and raised its 1st funding round 19 years after it was founded.
Solor Bioenergy Group is headquartered in Church, Norway.
Martinus Brandal is the CEO of Solor Bioenergy Group, as recorded in our data.
Annual revenue of Solor Bioenergy Group is $226.85M as on Dec 31, 2022.
Founded in 2005 in Kirkenaer, Norway, Solor Bioenergy Group operates in the renewable energy sector. Wood waste is converted into district heating through energy production processes. Biofuels, including pellets and briquettes, are manufactured from forest industry residues, while impregnated wood is recycled. Sustainable water system solutions are provided using expertise in energy operations. A circular economy model is employed to transform waste into utility services.
Solor Bioenergy Group offers District Heating and Biofuels.
Solor Bioenergy Group has made 7 acquisitions, including Eidefoss Biovarme, Falbygdens Energi, and Lantmannen Agrovarme.
Solor Bioenergy Group has 2 investors. Key investors include Polhem Infra, and PostNord.
Solor Bioenergy Group operates through Solör Bioenergi Ab.
Yes. Solor Bioenergy Group was acquired by Polhem Infra in November 2019.