Nordic Solar
– experience with solar energy since 2010
Since it’s establishment in 2010, Nordic Solar has focused on solar energy combined with desirable returns. Nordic Solar has come a long way and has now made transactions of over EUR 540 million in 12 different European countries. The ambitions remain great.
Nordic Solar started with a single solar project, which our founder Nikolaj Holtet Hoff had been made aware of. Because Nikolaj had several years of experience in valuing companies, he therefore naturally made a valuation of this solar project.
It turned out to be extremely interesting with a desirable return, where the biggest risk was the public subsidy. Nikolaj therefore chose to pursue the project, both because it was financially interesting, and because he had a great interest in the green transition, especially solar energy.
Nikolaj Holtet Hoff: »I looked at the project and thought the sun was really interesting. After all, we were not, at the time, sure the world would open their eyes to the green energy, especially solar energy. It was a difficult agenda back then, when wind energy was more dominant. I thought it was an exciting challenge that we could profitably invest in other forms of green energy, such as solar energy.«
Nordic Solar was founded in 2010 with the help of a small group of investors, amongst others with the former Deputy Chairman of the Board Marinus Boogert. It was difficult to raise money at first, but during the first few years, we closed more and more projects, that turned out to be good and healthy investments. From here have gained more committed investors and skilled employees who share the values behind Nordic Solar and the belief in solar energy as a good cause and attractive investment.
Nikolaj Holtet Hoff: »The mission for us both then and now is to create a people’s share – where a lot more people get a real opportunity to buy a stock and invest their money in solar energy in the future.«
Creating a people’s stock is not something you can do overnight or in the establishment phase of a company, but it is something that Nordic Solar is in the process of contruction, and something that is being worked towards consistently and purposefully

»The mission for us, both then and now, is to create a people’s share – so that a lot more people get a real opportunity to buy a stock and invest their money in solar energy in the future.«
Nikolaj Holtet Hoff, CEO
Documents regarding general meeting
Nordic Solar A/S
Investment in solar energy.
The minimum investment in Nordic Solar is EUR 100,000.Investment in the development of industrial solar parks
- Expected return of 7-11% annually*
*This scenario is an estimate of future performance based on evidence from the past on how the value of this in-vestment varies, and/or current market conditions and are not an exact indicator. What you will get will vary depending on how the market performs and how long you keep the investment/product.
Recommended holding periode is 20 years. Return the past 7 years averages at 9,3%*
*Past performance does not predict future returns
Annual dividends
Geographical diversification across 12 European countries
The Management also as co-shareholders
Read the latest annual report

Board of Directors & Committees
The task of the board of directors is to be a sparring partner to the management and to secure implementation of the company’s investment policy. The board ensures, as the shareholders` representatives, that all investment decisions follow the investment policy.
Christian is a shareholder in Nordic Solar A/S with 21,530 shares and holds 66,000 warrants.
Iben is chairman of the Board of Zeso Architects A/S, Zeso Alliance A/S, Winsløw partner company as well as Board member of Core Property Bolig IV, and Windspace A/S.
Iben is a shareholder in Nordic Solar A/S with 17,296 shares and holds 33,000 warrants.
Frank is a shareholder in Nordic Solar A/S with 29,476 shares and holds 33,000 warrants.
Vibeke holds 33,000 warrants in Nordic Solar.
Christian is a shareholder in Nordic Solar A/S with 152,302 shares and holds 53,687 warrants.
Executive Management
The Management may not make investments without the Board of Directors having assessed and approved them. The Board of Directors is elected annually at the general assembly.
Nikolaj is a former Board member in the Semler Group, Dulong Fine Jewelry, Unidrain, chairman of the Board of Nørrebro Brewery, and Ticket to Heaven.
Nikolaj is a shareholder in Nordic Solar A/S with 1,573,387 shares and holds 687,500 warrants.
Anders is a shareholder in Nordic Solar A/S with 261,274 shares and holds 119,280 warrants.
Nordic Solar A/S
Based on a desire to create value and growth for shareholders, Nordic Solar operates the business based on our core values: thoroughness, openness and honesty.
We have an extensive network of more than 200 contacts in the solar energy market, built up over many years, so every year we continuously assess new projects for more than EUR 3.3 billion. Nordic Solar has a strong network of European banks and manages today loans of approx. EUR 230 million in more than 25 European banks. The investment team also has extensive experience with repatriation, renegotiation and establishment of financing of solar energy projects.
Nordic Solar strives to be a serious and credible partner for customers, suppliers, and employees. Keywords are openness in working methods, honest communication, and respect for the employees’ balance between work and private life.
Meet our talented team here
The team of Nordic Solar consists of many different good people, with a wide range of disciplines, competencies and experience, both nationally and internationally.
Our employees have extensive experience both in the financial field and in sustainable energy.
The team consists of people with their heart in the right place, they complement each other well with very different personalities.

The ambition is to become the Nordic region’s leading solar energy company
Nordic Solar currently has about 300 megawatts in operation or under construction, as well as a strong development portfolio, that on relatively short term will be able to contribute an additional 500 megawatts.
This means that the ambition to own and operate a production of 1 gigawatts – equivalent to the electricity consumption of about half a million households- by 2025, is within reach.
Facts about Nordic Solar
Established in 2010
60+ employees
Total investments
of 535 EUR million
326 MWp production in 12 different countries
650+ shareholders
Annual returns of 9,3%, the past 7 years
Past performance does not predict future returns
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