BIZTRAC BETA
COMPANY REGISTER PROFILE
929432517 ORG. NO. 2025 ACCOUNTS 7 SECTIONS
Active UPDATED 02.09.2026
Production of electricity from solar power

RELEASE SOLAR AS

Org. no. 929432517 Limited company (AS) Oslo Incorporated 2022 Active
Ownership graph ↗
Revenue 2025 USD 1.2m
Operating profit USD −4.2m
Equity USD 124.3m
Incorporated 2022
Employees 18
Share capital NOK 100,000

Signals

1 flags
  • Driftsunderskudd 2025 Siste driftsresultat er negativt (−4,2 mill kr).

RELEASE SOLAR AS is registered as a limited company in Oslo, Oslo with organisation number 929432517. The business is classified under production of electricity from solar power (NACE 35.123). The company was incorporated in 2022 and has 18 registered employees. Registered share capital is NOK 100,000, divided into 10000 shares. The company's stated purpose is: “Etablering og drift av virksomhet innen fornybar energi, herunder investering i selskaper med slik virksomhet.”. The most recent filed accounts, for the 2025 financial year, show USD 1.2m in revenue and USD −4.2m in operating profit.

This company reports in USD. The figures below are as filed, not converted to kroner. The top lists convert them to NOK at Norges Bank's rate for the end of the accounting year.

Key figures · 2025

Revenue
USD 1.2m
▲ +137 %
Operating profit
USD −4.2m
▼ −24 %
Equity
USD 124.3m
▼ −2 %
Est. value
NOK 136.7m

Financial health · 2025

Liquidity
8.21
Very good
Current assets ÷ current liabilities
Profitability
-1.7%
Not satisfactory
Return on total assets
Solidity
87.3%
Very good
Equity as a share of total capital

Who owns RELEASE SOLAR AS?

RELEASE SOLAR AS
NOK 1.2m rev. · NOK −4.2m profit

RELEASE SOLAR AS has 2 registered shareholders:

All shareholders and roles →

Frequently asked questions about RELEASE SOLAR AS

Who owns RELEASE SOLAR AS?

SCATEC ASA is the largest registered owner, with 68.0%.

What is the revenue of RELEASE SOLAR AS?

RELEASE SOLAR AS had revenue of USD 1.2m in 2025.

Who is the general manager of RELEASE SOLAR AS?

Hans Olav Kvalvaag is registered as general manager of RELEASE SOLAR AS.

Where is RELEASE SOLAR AS based?

RELEASE SOLAR AS has its business address in Oslo.

Property

Business address Askekroken 11, 0277 Oslo
Cadastral unit 301-3/194/0/0
Building Kontor- og administrasjonsbygning, rådhus · 8 units

104 companies are registered at this address.

The address this company is registered at, from the company register and matched against the cadastre. It does not say who owns the property — a company may be a tenant, and the address is often its accountant's. Source: Brønnøysundregistrene and © Kartverket.

Source: Biztrac.no · Data from the Brønnøysund Register Centre and the Norwegian Tax Administration · Last updated 02.09.2026.

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