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: 6

Ownership

Number of shares and share classes: 209,105,704; 1 share class
Total number of shareholders: 760; 80 companies, 680 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: Oct 13, 2026

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	-
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
HH Helge Helvig Lars 1960	-	37.81 % indirectly
HH Halvard Helgø Helge 1972	-	6.62 % indirectly
HJ Helvig Jonas 1990	-	6.21 % indirectly
HE Helvig Edvard 1992	-	6.21 % directly 0.03 % indirectly 6.19 %
HH Henning Helvig Lars 1988	-	6.19 % directly < 0.01 % indirectly 6.19 %
SH Svendsen Helvig Simon 1994	-	6.19 % indirectly
SH Sol Helvig Maria 1998	-	6.19 % indirectly
SV Selboe Valseth Pål 1970	-	2.71 % indirectly
EL Egil Larsen Svend 1970	-	2.47 % indirectly
HJ Helgø Johannes 1961	-	1.83 % indirectly

Last update: Sep 26, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
V VALINOR AS	Ordinary shares	143,753,821	68.75 %
H HELGØ FORVALTNING AS	Ordinary shares	10,000,000	4.78 %
H HELGØ INVEST AS	Ordinary shares	7,666,666	3.67 %
R RØROS KOBBERVERK AS	Ordinary shares	5,676,753	2.71 %
S SELACO AS	Ordinary shares	4,664,495	2.23 %
A AUSTAVIND AS	Ordinary shares	4,435,964	2.12 %
N NORDIC FINANCIALS AS	Ordinary shares	3,989,170	1.91 %
N NYKAPP AS	Ordinary shares	3,756,656	1.8 %
N NORDIC ESG AND IMPACT INFRASTRUCTURE AS	Ordinary shares	2,631,578	1.26 %
A ASBJØRN BREKK AS	Ordinary shares	1,655,481	0.79 %
4 4083 INVEST AS	Ordinary shares	1,196,933	0.57 %
C CARL J AMUNDSEN AS	Ordinary shares	1,067,571	0.51 %
L LIDGARD INVEST AS	Ordinary shares	700,000	0.33 %
E ELITRO AS	Ordinary shares	528,105	0.25 %
AH Are Havin Beukes Jon 1968	Ordinary shares	500,000	0.24 %
D DB INVEST AS	Ordinary shares	448,263	0.21 %
G GNEISVEIEN 12 AS	Ordinary shares	439,716	0.21 %
BJ Berg Johansen Magnus 1984	Ordinary shares	400,000	0.19 %
CW Cato Willassen Eric 1965	Ordinary shares	400,000	0.19 %
I IKM GRUPPEN AS	Ordinary shares	399,861	0.19 %
N NORDNET LIVSFORSIKRING AS	Ordinary shares	350,000	0.17 %
J JAIJA AS	Ordinary shares	345,150	0.17 %
B BKRAFT HOLDING AS	Ordinary shares	300,000	0.14 %
DM Detlev Michaelsen Kai 1965	Ordinary shares	300,000	0.14 %
P PROSPERO AS	Ordinary shares	260,000	0.12 %
JS John Seger Mark 1967	Ordinary shares	256,636	0.12 %
R ROGALAND EKSPORTUTVIKLING AS	Ordinary shares	210,526	0.1 %
LZ Lanka Zigmunds 1980	Ordinary shares	201,680	0.1 %
OP Oseberg Preben 1986	Ordinary shares	200,000	0.1 %
R RUMLESKAFT AS	Ordinary shares	195,500	0.09 %
E EQUISØR AS	Ordinary shares	176,667	0.08 %
OH Ole Henrik Bergh Geir 1962	Ordinary shares	174,292	0.08 %
LY Lawrence Yaowanich 1963	Ordinary shares	170,000	0.08 %
CT Carl Thomas Ahl Göran 1967	Ordinary shares	161,530	0.08 %
TA Topic Adnan 1976	Ordinary shares	150,000	0.07 %
K KOAS AS	Ordinary shares	138,800	0.07 %
CH Cotgrove Helga 1967	Ordinary shares	137,480	0.07 %
DT Danielsen Therese 1992	Ordinary shares	123,000	0.06 %
M MCE HOLDING AS	Ordinary shares	107,014	0.05 %
KM Kopec Marek 1966	Ordinary shares	103,024	0.05 %
AT Aimut Tewolde Abraham 1979	Ordinary shares	100,000	0.05 %
KV Krogstad Valseth Jo 1981	Ordinary shares	100,000	0.05 %
JB Johannes Beukes Hans 1936	Ordinary shares	94,000	0.04 %
TT Trung Thi Tran Tin 1973	Ordinary shares	91,001	0.04 %
CB Christian Brinchmann Bendik 1984	Ordinary shares	90,988	0.04 %
SR Setalid Rune 1966	Ordinary shares	87,108	0.04 %
MC Monge Christoffersen Erlend 1983	Ordinary shares	80,980	0.04 %
H HEGRE INVEST AS	Ordinary shares	80,800	0.04 %
DA Dudhraj Abha 1990	Ordinary shares	79,946	0.04 %
RC Rafael Cola Jose 1985	Ordinary shares	78,125	0.04 %
PI Petter Iversen Johan 1945	Ordinary shares	75,000	0.04 %
C CALOR AS	Ordinary shares	73,302	0.04 %
AJ Are Johannes Revheim Bernt 1977	Ordinary shares	71,830	0.03 %
HL Herman Løvdokken Ole 1996	Ordinary shares	68,956	0.03 %
SU Synnøve Utsola Brit 1954	Ordinary shares	66,645	0.03 %
K KVERNELAND INDUSTRIER AS	Ordinary shares	56,945	0.03 %
F FLIRGOTT AS	Ordinary shares	55,711	0.03 %
HE Helvig Edvard 1992	Ordinary shares	55,000	0.03 %
TL Trygve Lien John 1962	Ordinary shares	50,000	0.02 %
K KOKKEN TOR INVEST AS	Ordinary shares	50,000	0.02 %
S STECAM MANAGEMENT AS	Ordinary shares	50,000	0.02 %
D DELFIN INVEST AS	Ordinary shares	50,000	0.02 %
SL Sverre Lauritzen Jan 1951	Ordinary shares	50,000	0.02 %
Ø ØLV HOLDING AS	Ordinary shares	48,663	0.02 %
GO Godager Ole 1969	Ordinary shares	47,245	0.02 %
AE Arne Elisenberg Jørn 1961	Ordinary shares	41,808	0.02 %
SA Shestov Alexey 1985	Ordinary shares	41,074	0.02 %
SE Sirevaag Erik 1991	Ordinary shares	40,123	0.02 %
HT Haugen Thomas 1981	Ordinary shares	40,013	0.02 %
BI Børve Isak 1999	Ordinary shares	40,000	0.02 %
LG Laugen Gunnar 1946	Ordinary shares	38,000	0.02 %
O ODOACER AS	Ordinary shares	37,064	0.02 %
R RUDNOR INVEST AS	Ordinary shares	35,000	0.02 %
BB Bergsagel Baardsen Jan 1965	Ordinary shares	35,000	0.02 %
A ACTIVE MANAGEMENT AS	Ordinary shares	34,800	0.02 %
OØ Osen Øyvind 1977	Ordinary shares	34,318	0.02 %
O OLE AS	Ordinary shares	33,164	0.02 %
AB Andre Brannfjell Stefan 1991	Ordinary shares	33,000	0.02 %
SØ Sirevaag Øyvind 1962	Ordinary shares	31,654	0.02 %
H HVIZ AS	Ordinary shares	31,271	< 0.01 %
ET Erik Torall Finn 1955	Ordinary shares	31,220	< 0.01 %
AH Angelskår Haga Øystein 1987	Ordinary shares	30,833	< 0.01 %
HK Hansen Kenneth 1974	Ordinary shares	30,000	< 0.01 %
VJ Våge Jarle 1943	Ordinary shares	30,000	< 0.01 %
B BGB INVEST AS	Ordinary shares	30,000	< 0.01 %
AM Ali Mubarak Mohamed 1954	Ordinary shares	27,855	< 0.01 %
SA Samroos Ali Mubarak Sithy 1955	Ordinary shares	27,855	< 0.01 %
F FFW INVEST AS	Ordinary shares	27,855	< 0.01 %
SS Sannes Sørensen Kristoffer 1989	Ordinary shares	26,000	< 0.01 %
ET Eirik Toft Rasmussen Tor 1986	Ordinary shares	25,889	< 0.01 %
I IMF NORWAY AS	Ordinary shares	25,000	< 0.01 %
H HANDELSVARER AS	Ordinary shares	25,000	< 0.01 %
DS Dahle Sverre 1976	Ordinary shares	24,900	< 0.01 %
EV Erik Venåsen Svein 1959	Ordinary shares	23,000	< 0.01 %
KT Kvalsund Tor-Martin 1971	Ordinary shares	21,500	< 0.01 %
A AHLQVIST INVEST AS	Ordinary shares	20,930	< 0.01 %
R RIBA KRISTIANSAND HOLDING AS	Ordinary shares	20,001	< 0.01 %
OK Oskar Knudsen Karl 1965	Ordinary shares	20,000	< 0.01 %
MN Moe Nyberg Berit 1950	Ordinary shares	20,000	< 0.01 %
PH Pedersen Helge 1962	Ordinary shares	20,000	< 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: Sep 25, 2026

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