Investments & Divestments


Solcellespesialisten is the market-leading solar EPC company in Norway. The Company is fully integrated across the value chain and serves customers in the Residential, Commercial & Industrial, and Utility segments.

Investment Thesis

  • The Norwegian solar market is early in its penetration curve and has a long runway of fast growth across segments as solar represents a “must have” to address the impending power imbalance in Norway
  • Solcellespesialisten is one of few at-scale players in Norway, clearly differentiated as a leader on quality and ESG, positioning the Company particularly well within the attractive Commercial & Industrial segment
  • Strong positive environmental and social impact by accelerating solar adoption, contributing to the generation of sustainable, reliable, and affordable electricity 

Main Transformation Initiatives

  • Leverage quality and ESG leadership to drive accelerated growth in Commercial & Industrial and Utility segments 
  • Continue strong growth within underpenetrated Residential solar segment in Norway
  • Expand offering to cross-sell and monetize rapidly growing installed base 

Key Facts

Country Norway

Headquarter Fredrikstad

Acquired 2023-07

FSN Ownership 52%

Sales 2022 EUR 37m

CEO Carl Christian Strømberg

Chairperson Espen Asheim

Pointperson Erik Nelson

Webpage ​​

Norway (Visiting address)
Via Vika / Ruseløkkveien 30
0251 Oslo
+47 24 14 73 00


FSN Capital Partners AB
Birger Jarlsgatan 15
111 45 Stockholm
+46 85 450 39 30

Norway (Post address)
FSN Capital Partners AS
PO. Box 1597
0118 Oslo


FSN Capital Partners GmbH
Maximiliansplatz 5
80333 Munich
+49 160 3666 627

FSN Capital Partners Aps
Kongens Nytorv 26, 2. Sal
1050 Copenhagen
+45 33 13 48 00