W. GIERTSEN ENERGY PROJECT FINANCE AS

Operating

Utvikling, salg og utleie av fornybare energiløsninger og beslektede produkter, herunder eierskap i selskaper innenfor samme virksomhetsområde og annet som naturlig faller sammen med dette.

Organization

Chairman of the board: WJ
Wilhelm Jens Giertsen1951
Years since formation: 8 years; since Jul 25, 2018
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 4,000; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Annual total result 2025: -24,467,478; NOK
Total equity 2025: 4,000,000; NOK

Last update: Sep 22, 2026

Management

Board

Name	Role	Shares
WJ Wilhelm Jens Giertsen 1951	Chairman	15.02 % indirectly

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-
V VKST AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
RD Rikke De Besche Giertsen 1990	-	84.98 % indirectly
WJ Wilhelm Jens Giertsen 1951	Chairman	15.02 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
W W. GIERTSEN VENTURES AS	Ordinary shares	4,000	100 %

Last update: Sep 25, 2026

Group structure

MANAGUA AS
Total operating income 2025: NOK 255,987,784
Operating profit 2025: NOK -41,489,257
Employees: 0

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	0	2,857,598	0	0	54,398
Annual Total Result	-24,467,478	-10,161,849	-4,201,023	-271,700	-373,965
Total assets	95,817,384	89,329,747	140,941,421	7,948,543	8,460,297
Total liabilities	91,817,384	85,329,747	136,941,421	4,924,457	5,164,513
Total equity	4,000,000	4,000,000	4,000,000	3,024,085	3,295,784

P&L

Year	2025	2024	2023	2022	2021
Total operating income	0	2,857,598	0	0	54,398
Total operating costs	237,159	12,429,711	7,381,176	74,240	489,150
Operating result	-237,159	-9,572,113	-7,381,176	-74,240	-434,752
Financial income/costs	-25,085,918	1,302,457	2,460,103	-274,093	-44,690
Profit before tax	-25,323,077	-8,269,656	-4,921,073	-348,333	-479,442
Total tax & extraordinary income/cost	-855,599	1,892,193	-720,050	-76,633	-105,477
Annual Total Result	-24,467,478	-10,161,849	-4,201,023	-271,700	-373,965

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	42,658,505	41,495,862	104,014,973	2,654,712	198,625
Total current assets	53,158,878	47,833,884	36,926,448	5,293,831	8,261,672
Total assets	95,817,384	89,329,747	140,941,421	7,948,543	8,460,297
Short term debt	7,449,454	7,082,113	5,062,450	106,703	93,358
Long term debt	84,367,930	78,247,635	131,878,971	4,817,755	5,071,155
Total liabilities	91,817,384	85,329,747	136,941,421	4,924,457	5,164,513
Contributed capital	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000
Retained earnings	0	0	0	-975,915	-704,216
Total equity	4,000,000	4,000,000	4,000,000	3,024,085	3,295,784
Total equity and liabilities	95,817,384	89,329,747	140,941,421	7,948,543	8,460,297

Classification

21st company classification

BETA

Scaleup

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

Standard industrial classification

W. GIERTSEN ENERGY PROJECT FINANCE AS921 193 297