VARDAR AS
Signals
No flags found, but 1 of 9 checks could not be made. The absence of flags is not confirmed.
Checked 9 rules, 0 fired, 1 unknown: auditor's report.
VARDAR AS is registered as a limited company in Drammen, Buskerud with organisation number 977028442. The business is classified under steam and air conditioning supply (NACE 35.300). The company was incorporated in 1996 and has 7 registered employees. Registered share capital is NOK 265.9m, divided into 49054 shares. The company's stated purpose is: “Å investere i virksomheter innen kraftbransjen og i beslektede og utfyllende virksomheter. Å investere i andre selskaper for å bidra til utvikling og kompetanseoppbygging innen alternativ energi. Produksjon av elektrisk energi.”. The most recent filed accounts, for the 2025 financial year, show NOK 147.7m in revenue and NOK 115.0m in operating profit.
Former names: BUSKERUD FYLKESKRAFT AS
Key figures · 2025
Financial health · 2025
Who owns VARDAR AS?
VARDAR AS has 19 registered shareholders:
- DRAMMEN KOMMUNE 26.1%
- ASKER KOMMUNE 14.1%
- LIER KOMMUNE 13.1%
- KONGSBERG KOMMUNE 12.1%
- RINGERIKE KOMMUNE 11.7%
- ØVRE EIKER KOMMUNE 8.1%
- MODUM KOMMUNE 3.5%
- SIGDAL KOMMUNE 2.3%
- HOLE KOMMUNE 1.9%
- FLESBERG KOMMUNE 1.1%
- ÅL KOMMUNE 1.0%
- HOL KOMMUNE 0.9%
- GOL KOMMUNE 0.9%
- KRØDSHERAD KOMMUNE 0.8%
- NESBYEN KOMMUNE 0.7%
- ROLLAG KOMMUNE 0.6%
- NORE OG UVDAL KOMMUNE 0.5%
- HEMSEDAL KOMMUNE 0.4%
- FLÅ KOMMUNE 0.2%
Which companies does VARDAR AS own?
VARDAR AS holds stakes in 14 companies:
- VARDAR VANNKRAFT AS 100.0%
- VARDAR BOREAS AS 100.0%
- VARDAR SOL AS 100.0%
- VARDAR VARME AS 100.0%
- SUNEASE AS 34.0%
- ARBION HØNEFOSS HOLDING AS 33.0%
- HYPERTHERMICS AS 21.8%
- NORDIC BATTERIES AS 20.5%
- CAMPUS TOFTE AS 20.0%
- CARBON CENTRIC AS 13.9%
- KONGSBERG INNOVASJON AS 12.5%
- Å ENERGI AS 8.6%
- ARBION INDUSTRIES GROUP AS 6.7%
- Å ENERGI AS 4.3%
Group structure
VARDAR AS er morselskap for 7 datterselskaper:
- VARDAR BOREAS AS 100%
- VARDAR SOL AS 100%
- VARDAR VANNKRAFT AS 100%
- VARDAR VARME AS 100%
- ØVRE EIKER FJERNVARME AS 100%
- SOLDEKKE AS 100%
- VARDAR VIND AB 100%
The group by two sources
The shareholder register (calculated) and the Enhetsregisteret group structure are set side by side, and the differences are shown.
Frequently asked questions about VARDAR AS
Who owns VARDAR AS?
DRAMMEN KOMMUNE is the largest registered owner, with 26.1%.
What is the revenue of VARDAR AS?
VARDAR AS had revenue of NOK 147.7m in 2025.
Who is the general manager of VARDAR AS?
Robert Olsen is registered as general manager of VARDAR AS.
Where is VARDAR AS based?
VARDAR AS has its business address in Drammen.
Source: Biztrac.no · Data from the Brønnøysund Register Centre and the Norwegian Tax Administration · Last updated 08.11.2026.