Solcelle­spesialisten

​​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​