Energy company owned by private investors is spending its profits

After a first half year of 2017 with progress across all fronts, Nordic Solar Energy is fishing out its checkbook. The private investor-owned company will now go on a shopping spree.

Photo: Mainstream Renewable Power

Thanks to two acquisitions at the end of 2016, revenue at Nordic Solar Energy has skyrocketed while the result has also doubled over the first six months of the year. The energy company, which is owned by private investors and is planning a listing, has therefore pulled out its checkbook and has signed several acquisition deals, while more could be on the way in the near future.

Compared with the same period in 2016, revenue in the first half of 2017 has increased by 48 percent to DKK 34,485 million (EUR 4,634 million). At the same time, the result before tax has doubled and lies at DKK 3.38 million, according to the company's unaudited half-yearly report.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted forced to delay coal phase out

The Danish authorities have ordered Ørsted to continue operations of one coal fired power plant and resume operations on two others until 2024. The utilty maintains aim of CO2-neutrality in 2025.

Further reading

Related articles

Latest News

See all jobs