NORSK RENEWABLES AS

Operating

Etablere og drive virksomhet innen utvikling og produksjon av fornybar energi og alt hva dermed kan forbindes, inkludert investering i teknologi og selskaper.

Utvikling og produksjon av fornybar energi og alt hva dermed kan forbindes. Investering i teknologi og selskaper.

Keywords

engineering servicespowerenergytransportwatersewagedrainageindustrymanufacturingtelecommunicationsbroadcastingpolicy analysisregulationsexpert opinionswitness statementsmechanical engineeringautomotive engineeringchemical engineeringtechnical consulting

Organization

CEO: TE
Torbjørn Elliot Kirkeby-Garstad1972
Chairman of the board: PS
Pål Selboe Valseth1970
Years since formation: 9 years; since Jun 9, 2017
Type: Limited company
VAT registered: Yes
Number of employees: 8

Ownership

Number of shares and share classes: 209,105,704; 1 share class
Total number of shareholders: 805; 82 companies, 723 persons
Belongs to group of

Financials

Total operating income 2024: 8,609,453; NOK
Annual total result 2024: -57,975,209; NOK
Total equity 2024: 59,647,861; NOK

Last update: Feb 13, 2026

Locations

Haakon VIIs gate 8 4005 STAVANGER, Norge

Company address
Haakon VIIs gate 8 4005 STAVANGER, Norge
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Management

Management / administration

Name	Role	Shares
TE Torbjørn Elliot Kirkeby-Garstad 1972	Managing Director/CEO	-

Board

Name	Role	Shares
PS Pål Selboe Valseth 1970	Chairman	2.71 % indirectly
KS Kristin Skofteland 1971	Board Member	-
JB Joakim Brønner Johnsen 1972 Resigned	Board Member	-

Others

Name	Role	Shares
D DELOITTE AS	Auditor	-
J JANSSON & LARSEN REGNSKAP AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
LH Lars Helge Helvig 1960	-	36.89 % indirectly
HH Helge Halvard Helgø 1972	-	6.62 % indirectly
JH Jonas Helvig 1990	-	6.06 % indirectly
EH Edvard Helvig 1992	-	6.06 % directly 0.03 % indirectly 6.04 %
LH Lars Henning Helvig 1988	-	6.04 % directly < 0.01 % indirectly 6.04 %
MS Maria Sol Helvig 1998	-	6.04 % indirectly
SH Svendsen Helvig Simon 1994	-	6.04 % indirectly
PS Pål Selboe Valseth 1970	Chairman	2.71 % indirectly
JH Johannes Helgø 1961	-	1.83 % indirectly
PS Petter Selvikvåg Berge 1986	-	1.8 % indirectly

Last update: Sep 26, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
V VALINOR AS	NO0010941925	140,253,821	67.07 %
H HELGØ FORVALTNING AS	NO0010941925	10,000,000	4.78 %
H HELGØ INVEST AS	NO0010941925	7,666,666	3.67 %
R RØROS KOBBERVERK AS	NO0010941925	5,676,753	2.71 %
BC Bank Caceis	NO0010941925	5,145,982	2.46 %
BP Bank Pictet Cie Europe Ag	NO0010941925	4,978,194	2.38 %
A AUSTAVIND AS	NO0010941925	4,435,964	2.12 %
N NORDIC FINANCIALS AS	NO0010941925	3,989,170	1.91 %
N NYKAPP AS	NO0010941925	3,756,656	1.8 %
B BERKER GROUP AS	NO0010941925	3,500,000	1.67 %
N NORDIC ESG AND IMPACT INFRASTRUCTURE AS	NO0010941925	2,631,578	1.26 %
A ASBJØRN BREKK AS	NO0010941925	1,655,481	0.79 %
S SELACO AS	NO0010941925	1,280,128	0.61 %
4 4083 INVEST AS	NO0010941925	1,196,933	0.57 %
C CARL J AMUNDSEN AS	NO0010941925	1,067,571	0.51 %
N NORDNET LIVSFORSIKRING AS	NO0010941925	609,246	0.29 %
E ELITRO AS	NO0010941925	528,105	0.25 %
CB Clearstream Banking S.a.	NO0010941925	448,585	0.21 %
D DB INVEST AS	NO0010941925	448,263	0.21 %
G GNEISVEIEN 12 AS	NO0010941925	439,716	0.21 %
BA Bank Ab Nordnet	NO0010941925	437,062	0.21 %
JA Jon Are Havin Beukes 1968	NO0010941925	410,000	0.2 %
I IKM GRUPPEN AS	NO0010941925	399,861	0.19 %
B BKRAFT HOLDING AS	NO0010941925	300,000	0.14 %
EC Eric Cato Willassen 1965	NO0010941925	300,000	0.14 %
P PROSPERO AS	NO0010941925	260,000	0.12 %
J JAIJA AS	NO0010941925	245,150	0.12 %
BA Bank Ab Avanza	NO0010941925	215,975	0.1 %
R ROGALAND EKSPORTUTVIKLING AS	NO0010941925	210,526	0.1 %
R RUMLESKAFT AS	NO0010941925	195,500	0.09 %
SE Sigurd Emil Strand 1997	NO0010941925	189,468	0.09 %
E EQUISØR AS	NO0010941925	176,667	0.08 %
SH Stein Hyttedalen 1976	NO0010941925	162,566	0.08 %
GC Göran Carl Thomas Ahl 1967	NO0010941925	161,530	0.08 %
AT Adnan Topic 1976	NO0010941925	149,448	0.07 %
HC Helga Cotgrove 1967	NO0010941925	137,480	0.07 %
GW Geir Wedding Bergh 1962	NO0010941925	132,792	0.06 %
KD Kai Detlev Michaelsen 1965	NO0010941925	129,189	0.06 %
JB Johny Blom 1956	NO0010941925	114,272	0.05 %
SE Securities Europe Sa Bofa	NO0010941925	113,009	0.05 %
OP Oseberg Preben	NO0010941925	100,000	0.05 %
MK Marek Kopec 1966	NO0010941925	98,224	0.05 %
JB Johannes Beukes Hans 1936	NO0010941925	94,000	0.04 %
MH Morten Helgeby Slettevold 1985	NO0010941925	93,581	0.04 %
TT Tin Trung Thi Tran 1973	NO0010941925	91,001	0.04 %
RS Rune Setalid 1966	NO0010941925	87,108	0.04 %
ZL Zigmunds Lanka 1980	NO0010941925	83,935	0.04 %
EM Erlend Monge Christoffersen 1983	NO0010941925	80,980	0.04 %
H HEGRE INVEST AS	NO0010941925	80,800	0.04 %
AD Abha Dudhraj 1990	NO0010941925	79,946	0.04 %
PT Phan-Foss Thanh 1985	NO0010941925	78,317	0.04 %
JR Jose Rafael Cola 1985	NO0010941925	78,125	0.04 %
KØ Kåre Øystein Gundersen 1946	NO0010941925	75,000	0.04 %
C CALOR AS	NO0010941925	73,302	0.04 %
BA Bernt Are J Revheim 1977	NO0010941925	71,830	0.03 %
BC Bendik Christian Brinchmann 1984	NO0010941925	67,295	0.03 %
MS Morgan Se Jp	NO0010941925	67,045	0.03 %
BS Brit Synnøve Utsola 1954	NO0010941925	66,645	0.03 %
MS Morgan Stanley & Co. Int. Plc.	NO0010941925	64,807	0.03 %
K KVERNELAND INDUSTRIER AS	NO0010941925	56,945	0.03 %
F FLIRGOTT AS	NO0010941925	55,711	0.03 %
EH Edvard Helvig 1992	NO0010941925	55,000	0.03 %
HA Handelsbanken Ab Svenska	NO0010941925	52,535	0.03 %
BN Bank Nv Kbc	NO0010941925	50,706	0.02 %
S STECAM MANAGEMENT AS	NO0010941925	50,000	0.02 %
AA Abraham Aimut Tewolde 1979	NO0010941925	50,000	0.02 %
D DELFIN INVEST AS	NO0010941925	50,000	0.02 %
JS Jan Sverre Lauritzen 1951	NO0010941925	50,000	0.02 %
JT John Trygve Lien 1962	NO0010941925	50,000	0.02 %
NA Nils Arne H Storheim 2001	NO0010941925	48,996	0.02 %
Ø ØLV HOLDING AS	NO0010941925	48,663	0.02 %
OG Ole Godager 1969	NO0010941925	47,245	0.02 %
JA Jørn Arne Elisenberg 1961	NO0010941925	41,808	0.02 %
ES Erik Sirevaag 1991	NO0010941925	40,123	0.02 %
JK Jon Kristian Heimdal 1989	NO0010941925	40,000	0.02 %
IB Isak Børve 1999	NO0010941925	40,000	0.02 %
OH Ole Herman Løvdokken 1996	NO0010941925	38,956	0.02 %
GL Gunnar Laugen 1946	NO0010941925	38,000	0.02 %
O ODOACER AS	NO0010941925	37,064	0.02 %
JB Jan Bergsagel Baardsen 1965	NO0010941925	35,000	0.02 %
R RUDNOR INVEST AS	NO0010941925	35,000	0.02 %
A ACTIVE MANAGEMENT AS	NO0010941925	34,800	0.02 %
ØO Øyvind Osen 1977	NO0010941925	34,318	0.02 %
O OLE AS	NO0010941925	33,164	0.02 %
SA Stefan Andre Brannfjell 1991	NO0010941925	33,000	0.02 %
ØS Øyvind Sirevaag 1962	NO0010941925	31,654	0.02 %
H HVIZ AS	NO0010941925	31,271	< 0.01 %
FE Finn Erik Torall 1955	NO0010941925	31,220	< 0.01 %
ØA Øystein Angelskår Haga 1987	NO0010941925	30,833	< 0.01 %
JV Jarle Våge 1943	NO0010941925	30,000	< 0.01 %
CB Chase Bank Na London Jpmorgan	NO0010941925	30,000	< 0.01 %
KH Kenneth Hansen 1974	NO0010941925	30,000	< 0.01 %
B BGB INVEST AS	NO0010941925	30,000	< 0.01 %
MA Mohamed Ali Mubarak 1954	NO0010941925	27,855	< 0.01 %
F FFW INVEST AS	NO0010941925	27,855	< 0.01 %
SS Sithy Samroos Ali Mubarak 1955	NO0010941925	27,855	< 0.01 %
E ELING AS	NO0010941925	27,401	< 0.01 %
TE Tor Eirik Toft Rasmussen 1986	NO0010941925	25,889	< 0.01 %
I IMF NORWAY AS	NO0010941925	25,000	< 0.01 %
H HANDELSVARER AS	NO0010941925	25,000	< 0.01 %

Shares owned by the NORSK RENEWABLES AS

Name	Share class	Total number of shares	Share
N NORSK SOLAR EPC AS	Ordinary shares	60,000	100 %
N NORDIC IMPACT COOPERATION AS	Ordinary shares	76,000	33.93 %

Last update: Jun 2, 2025

Group structure

VALINOR AS
Total operating income 2024: NOK 2,166,634
Operating profit 2024: NOK -24,122,356
Employees: 7

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	8,609,453	919,908	1,716,678	36,408,477
Annual Total Result	-57,975,209	-40,594,538	-51,388,463	-27,622,876
Total assets	160,786,154	155,074,222	168,819,279	183,952,390
Total liabilities	101,138,292	77,889,513	51,044,327	14,795,228
Total equity	59,647,861	77,184,709	117,774,953	169,157,162

P&L

Year	2024	2023	2022	2021
Total operating income	8,609,453	919,908	1,716,678	36,408,477
Total operating costs	28,662,983	43,214,773	44,566,341	66,041,475
Operating result	-20,053,530	-42,294,865	-42,849,663	-29,632,998
Financial income/costs	-37,500,343	1,746,121	-8,404,896	2,422,275
Profit before tax	-57,553,873	-40,548,745	-51,254,559	-27,210,723
Total tax & extraordinary income/cost	421,336	45,793	133,904	412,153
Annual Total Result	-57,975,209	-40,594,538	-51,388,463	-27,622,876

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	129,917,961	97,222,990	85,464,945	77,162,854
Total current assets	30,868,192	57,851,231	83,354,334	106,789,536
Total assets	160,786,154	155,074,222	168,819,279	183,952,390
Short term debt	78,638,292	54,389,513	8,544,327	9,793,641
Long term debt	22,500,000	23,500,000	42,500,000	5,001,587
Total liabilities	101,138,292	77,889,513	51,044,327	14,795,228
Contributed capital	59,647,861	77,184,709	117,774,953	169,157,162
Retained earnings	0	0	0	0
Total equity	59,647,861	77,184,709	117,774,953	169,157,162
Total equity and liabilities	160,786,154	155,074,222	168,819,280	183,952,390

Classification

21st company classification

BETA

Scaleup

NORSK RENEWABLES AS819 113 912