Bjørseth was elected Chairman of SunErgy Board of Directors on the Extraordinary Shareholders Meeting on December 14.

“We are very fortunate and pleased to have Dr. Bjørseth as chairman. His success and reputation in the field of solar energy, not least as the founder of Renewable Energy Corporation and Scatec Solar is invaluable.

Our vision is to build SunErgy into a global leading in providing electricity to off-grid village. Through offering electricity, Internet and Cable Television we will enable millions of people to escape poverty, moving into a brighter and more prosperous future” says Dr. Stein Skjørshammer, Managing Director of the company.

Other new members elected were Mr. Jon Skjørshammer, partner at the law firm SANDS and Mr. Jon Rømer Sandberg, owner of the investment and consulting firm Belvedere.

Ole Hallvard Haugen and Stein Skjorshammer will remain on the Board.

“While greeting the new board members welcome we should also thank Mr. Magnar Bjørk and Mr. Pål Klouman, outgoing members for their dedicated and inspiration contributions while being on the Board. They have served us well”, Dr. Skjorshammer concludes.

German KGAL joins SunErgy

The German Investment and Asset Management company KGAL has taken an ownership position in the Norwegian Solar energy company SunErgy, with an option to crease their ownership additionally.

“We are very pleased for KGAL to join us”, says Chairman of the Board of Directors and a major shareholder, Alf Bjørseth.

“KGAL is an investment firm with twenty billion EUR under management. They are active in real estate, airplane leasing and renewable energy, owning several solar parks in Europe. They have been studying the potential of the off-grid solar market and solar energy companies being active in Africa for some time. We are pleased, they decided to go with us.”

“The money from KGAL will be used for continued expansion. Our goal is to have one million users within eight years and be one of the leading off-grid solar energy companies in Africa. So far, focus has been on Cameroon with the intention to expand into a couple of more countries, preferably in West Africa.

Managing Director of SunErgy, Stein Skjorshammer informs new solar power stations will be opened this year, giving electricity to more people. In addition, the company will deliver solar power electricity to mobile companies for operating their mobile towers, army bases, minor private and public enterprises, schools and health centers. “We opened the first solar power station in the village of Bokosso in August 2015. It has operated flawlessly and nonstop since. The African off-grid market is enormous and we are all set to go. We have built the infrastructure, made all agreements necessary and tested the equipment in the first four villages, which have been up and running for some time. Everything works as planned. We are, together with our colleagues in our daughter company SunErgy Cameroon, not only ready to roll out; we are going full steam ahead”

The law firm SANDS has assisted SunErgy with the subscription.

The 5 million NOK milestone day

Friday, 04.09.2016, as a milestone day in the history of SunErgy as the company successfully completed a 5.000.000 Norwegian krone or a little more than half a million Euro share capital increase.

“This is how we planned from the very start” says the Mr. Haugen, chair of the board of directors and co-founder together with Dr. Skjorshammer, who serves as Managing Director.

“The idea from the very beginning has been to take in additional capital as we continued building” Mr. Haugen and Dr. Skjorshammer informs. “So far it has worked as planned. Existing shareholders contributed the money needed to finish the next villages. We interpret this as a vote of confidence in us, the worked carried out and the vision of SunErgy. Actually, we could have gotten more money, but this was what we needed this time”, they concluded, thanking all who support and take an active part in the future success of SunErgy.