Vireo Energy

Vireo Energy is an investor in renewable energy production, primarily within the bioenergy area (ie generating energy from organic sources). Our business model is to develop, own and operate electricity and heat plants fired by biogas as well as projects that utilize solid biomass, such as small scale Combined Heat and Power (CHP). We work closely with leading technical partners to bring the best, proven technologies to our core markets. Vireo Energy is part of the Kinnevik Group, a major Swedish investment company with a 75 year history of building successful new businesses. Kinnevik has an asset base of EUR 5 billion and daughter companies and holdings around the globe. Examples of Kinnevik business include Korsnäs, a leading global packaging company, the telecommunications group Tele2, media group MTG and the publishing house Metro. Some of the newer investments include Black Earth Farming with over 300 000 hectares of farming land in Russia, the Rolnyvik farms in Poland, and Sia Latgran, one of Europe’s largest wood pellets manufacturers. Renewable energy is one of Kinnevik’s focus areas for new growth, and as such Kinnevik and Vireo Energy have substantial own capital to invest in bioenergy projects.