Source Galileo has sold Source Galileo Norge AS to Unitech Energy Group, with the business to be renamed Nordrenergi AS and relocated to Haugesund.
As part of the transaction, Unitech Energy Group said its energy business will move from Bergen to Haugesund. The renamed company will be positioned around the development, ownership and operation of energy technologies tied to the energy transition.
Its scope includes battery energy storage system projects, high-voltage technology, ownership and operation of Zephyros, and Stord Energy Terminal. The team will also continue supporting the GoliatVind project when needed.
Source Galileo said the business will bring together the renewable energy experience of its former Norway unit with capabilities already present within Unitech Energy Group. Bernt Hellesøe, chair of the board, said Unitech and the Zephyros companies have built offshore wind expertise, citing 98% efficiency, a 50.5% capacity factor, as well as innovation work and new patent filings.
Katy Hogg, chief operating officer of Galileo, said the sale followed a strategic review of the group’s investments in Norway. She said a transfer to a local owner would leave the team and the business in a stronger position for further development.
