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NorSun AS was established in December 2005 by Scatec AS, Alf Bjørseth’s mother company, that serves as the point of origin for new business ideas within renewable energy and advanced materials. Scatec AS is still the largest owner in NorSun.
The purpose of NorSun is to produce ‘Mono Crystalline Silicone Wafers’ for the international solar energy market. Our product is the thin crystalline silicone wafer which is the main component in the production of solar panels. The international solar energy market is in strong growth and the product is in high demand in the global market.
NorSun has, through various collaboration agreements, secured access to the key technology for the ‘pulling of’ mono crystalline silicone ingots. In December 2006, NorSun raised NOK 650 million in equity from industrial and financial investors. This, together with grants and loans, provides significant financial strength to enable the building of the Årdal factory for the production of the ‘wafers’ and other investments in the value-chain.