VARDAR VANNKRAFT AS
VARDAR VANNKRAFT AS is registered as a limited company in Drammen, Buskerud with organisation number 981104293. The business is classified under production of electricity from hydropower (NACE 35.121). The company was incorporated in 1999. Registered share capital is NOK 203.4m, divided into 452064 shares. The company's stated purpose is: “Er gjennom hel- eller deleide selskaper eller ved samarbeide med andre virksomheter å forestå energiproduksjon og annen virksomhet beslektet med denne.”. The most recent filed accounts, for the 2025 financial year, show NOK 326.5m in revenue and NOK 236.8m in operating profit.
Former names: USTE NES AS
Key figures · 2025
Financial health · 2025
Who owns VARDAR VANNKRAFT AS?
VARDAR VANNKRAFT AS has 1 registered shareholder:
- VARDAR AS 100.0%
Group structure
VARDAR VANNKRAFT AS er morselskap for 7 datterselskaper:
- VARDAR BOREAS AS 100%
- VARDAR SOL AS 100%
- VARDAR VANNKRAFT AS 100%
- VARDAR VARME AS 100%
- SOLDEKKE AS 100%
- VARDAR VIND AB 100%
- ØVRE EIKER FJERNVARME AS 100%
Frequently asked questions about VARDAR VANNKRAFT AS
Who owns VARDAR VANNKRAFT AS?
VARDAR AS is the largest registered owner, with 100.0%.
What is the revenue of VARDAR VANNKRAFT AS?
VARDAR VANNKRAFT AS had revenue of NOK 326.5m in 2025.
Who is the general manager of VARDAR VANNKRAFT AS?
Robert Olsen is registered as general manager of VARDAR VANNKRAFT AS.
Where is VARDAR VANNKRAFT AS based?
VARDAR VANNKRAFT AS has its business address in Drammen.
Property
23 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.