PATRIZIA Infrastructure completes SAREN Energy merger to create a NOK
3.5 billion (EUR 350 million) Norwegian district heating platform
• With the successful merger of SAREN Energy and Kvitebjørn Varme, PATRIZIA Infrastructure
has created one of the largest district heating operators in Norway
• With the merger, SAREN Energy has three strategically located modern energy from waste
(EfW) facilities and a district heating network in Norway
• The new platform will support decarbonisation efforts in Norway by exploring carbon capture
and storage (CCS) in the coming years
• The merger supports PATRIZIA’s ESG strategy to achieve net zero carbon status across its
corporate operations and real assets portfolio by 2040 or earlier
