Whitehelm Capital and Daimyo have announced the merger of Norwegian renewable heat generation plant Sarpsborg Avfallsenergi and Kvitebjorn Bio-El (BIOEL), a fuel-flexible waste-to-energy plant located at Ora, Fredrikstad, in Norway, to create SAREN Energy.
SAREN Energy is a platform focused on the operation of renewable and sustainable energy solutions for commercial and industrial companies in the Nordics. The platform will deliver more than 300 gigawatt hours of steam and heat to a district heating network and local industries.
“Waste-to-energy plants with efficient heat recovery systems and high energy utilization like SAE and BIOEL are key treatment facilities for municipal solid waste in Europe and major contributors to the reduction of the climate impacts of modern waste management,” said Matteo Andreoletti, head of infrastructure equity, Europe and North America, at Whitehelm Capital. “We are delighted to extend our cooperation with Daimyo, following a suc
