Statkraft new owner of Bio Varme

19.08.2011 08.00 | pressrelease

Signing the agreement

Per Arne Karlsen (Akershus Energi), Jon Brandsar (Statkraft) and Tom Nysted (Agder Energi) signing the agreement.

Statkraft has entered into an agreement with the owners of Bio Varme AS to acquire the Norwegian district heating company. The acquisition strengthens Statkraft’s leading position within district heating in Norway.

Bio Varme AS is owned by Akershus Energi, NTE Energi, Statskog SF, Agder Energi and the company’s employees. Since 1997, the company has delivered heating and cooling based on renewable energy sources to major clients in central and eastern Norway. The district heating plants in the Bio Varme portfolio currently delivers approx. 180 GWh annually. The company has 13 employees.

As a result of the acquisition, Bio Varme AS will, in the long term, be fully integrated in Statkraft’s own district heating division Statkraft Varme AS. Together with Statkraft Varme’s biofuel plants in Harstad and Ås, the company will be part of Statkraft’s focus on district heating based on biomass as an energy source.

“We are very pleased with the acquisition of Bio Varme. This acquisition increases our district heating capacity by about 15 per cent, and secures valuable resources as basis for continued growth. The expertise and experience of the employees of Bio Varme will be important in the further development of district heating as a business area in Statkraft,” says Senior Vice President, Jon Brandsar.

“We welcome Statkraft as the new owner of Bio Varme. The existing owners wish to focus on their own regional projects, and the sale of the company to Statkraft is a good solution, both for Bio Varme and for the employees,” says Per Arne Karlsen, director of business development in Akershus Energi .

The final completion of the transaction is dependent on approval from the Norwegian Competition Authority

Statkraft is Europe's leader in renewable energy. The group develops and generates hydropower, wind power, gas power and district heating, and is a major player on the European energy exchanges. Statkraft has more than 3,200 employees in more than 20 countries.

Statkraft Varme AS is a division of the Statkraft Group, and has been involved in energy recovery and district heating since 1982. As an expertise centre for the district heating operations in the Statkraft Group, Statkraft Varme wants to contribute to a sound and energy-efficient development of district heating. Statkraft Varme has 109 employees in Norway and Sweden.