Hydropool sold to Troms Kraft

Troms Kraft aquires 100% of the shares in HydroPool. With the acquistion, Troms Kraft becomes the largest operator of small scale hydro power plants in Northern Norway and one of the largest in Norway as a whole.

- Increased energy consumption and increasing demand for renewable energy means that this is a strategically important investment. Troms Kraft invests heavily in renewable energy production. We are proud that this acquisition reinforces our commitment further, says CEO of Troms Kraft, Oddbjørn Schei.

- The acquisition allows Troms Kraft to become a significant player in the national small hydro market, furthermore the transaction adds and strengthens our expertise in small power plants, he adds.

HydroPool was established in 2002 by Bjørn-Axel Hjelmtvedt, Olav Sølverud and Thomas Hakavik. The company has extensive knowledge in the construction and operation of small hydro plants. HydroPool was one of the first in the country that was established with the aim to work with landowners and owners of fall rights on the development, design, construction and operation of small power plants.