Stockholm (NordSIP) – Polhem Infra has completed its first infrastructure investment with the acquisition of a 21% stake in Solör Bioenergi Holding AB. Solör is a supplier of mainly renewable district heating in Sweden and Norway.
Polhem Infra was formed in the spring of 2019 as a joint initiative of AP1, AP3 and AP4. The goal of the investment vehicle is to finance businesses that provide socially beneficial services and assets such as renewable power generation, energy storage, energy distribution and digital infrastructure. “Since the beginning of 2010, Solör has created a geographically well-diversified business and at the same time contributed to the consolidation of the Swedish small-scale district heating market,” according to AP1.
“Solör is one of Sweden’s largest privately-owned energy companies with a focus on bio-fired district heating and with a clear sustainability focus,” commented Martinus Brandal, chairman and CEO of Solör Bioenergi Holding. “With Polhem Infra as a partner, which has the long-term view of the AP funds, we get an owner who will support the company’s growth strategy and the continued work to strengthen the company’s profile as an active and responsible partner and player in society.”
The investment in Solör gives Polhem Infra access to an important part of the Swedish energy market where district heating as an essential community service plays a crucial role.
“This investment is fully in line with Polhem Infra’s strategy where we will make investments in infrastructure with a focus on sustainability to meet the long-term needs of society,” says Mikael Lundin, CEO of Polhem Infra. “Our goal is to contribute to Solör’s continued development with a focus on strengthening the company’s position as a responsible supplier of renewable energy to its customers.”
Photo © Solör Bioenergi