Solcellespesialisten is the leading supplier and installer of solar energy systems in Norway. Since its foundation in 2005, it has delivered more than 4,000 solar systems, providing turnkey solutions within commercial, residential, and utility segments. Solcellespesialisten AS provides a full value chain link from sourcing to installation and aftermarket support, and is a trusted partner to large real-estate owners, construction companies and private consumers.
Erik Nelson, Partner at FSN Capital Partners, investment advisor to the FSN Capital funds, commented: “Starting out as the first mover and having played a key role in the development of solar energy in Norway, Solcellespesialisten’s experience, customer-centric approach, high technical capabilities and its dedicated and purpose-driven team make the company uniquely positioned to drive the required transition to renewable energy in Norway. The green transition continues to be a focus across the FSN Funds, who are proud to support companies that facilitate the decarbonization of our energy systems.”
“Solar energy continues to be one of the most effective, scalable, and important sources of renewable energy needed to achieve global targets of reaching net-zero. By 2050, solar is expected to be the 2nd largest energy source in Europe and the largest globally, representing 38% of electricity generated. With our new partnership with FSN Capital, we will remain a front-runner in the fast-growing and evolving Norwegian solar energy market”, said Carl Christian Strømberg, CEO of Solcellespesialisten AS.
“We are proud that FSN Capital has made a significant investment in Solcellespesialisten. This is a recognition of the effort that our skilled employees have made in recent years to build the leading solar player in Norway. Partnering up with one of the leading Northern European private equity funds will provide valuable expertise and support, accelerating further growth for the Company.”, said Arno Berg, Chairman of Solcellespesialisten AS
The transaction is pending approval from relevant authorities.
