Facts about the group

Vardar is an energy group in which the Buskerud County Administration owns all the class A shares.
In addition, the municipalities in Buskerud own class B shares.

The group's business areas are organised in a number of subsidiaries and associated companies and encompass the following areas: Hydropower, Bioenergy, Wind Power Norway/Sweden, Wind Power Abroad and Real Estate.
In addition, the group is actively engaged in innovation and business development.

The name Vardar is derived from varde (beacon) and provides associations of something that is lasting, safe and secure.

Organisation chart:

VARDAR AS
HYDROPOWER
Vardar Vannkraft AS
Glitre Energi AS
BIOENERGY
Vardar
Varme AS
WIND POWER NORWAY/SWEDEN
Vardar
Boreas AS
WINDPOWER ABROAD
Vardar
Eurus AS
REAL ESTATE AND PROPERTY MANAGEMENT
Vardar Eiendom AS


Vision:
Seeking value through active ownership.
Vardar has substantial real assets on its balance sheet. This requires long-term strategic planning that can help safeguard and further develop these assets.

Business concept:
Vardar shall contribute to increasing the supply of clean, renewable energy.

Core values:
Our values are a description of the personal traits and characteristics that are to distinguish our conduct, our attitudes and our communication.

Integrity means that

  • we take responsibility and keep our promises
  • we show respect and trust
  • we wish each other success and make each other better

     

    Openness means that

  • we believe what say
  • we are future-oriented and dare to be innovative

     

    Professionalism means that

  • we aim to deliver quality
  • we aim to be an attractive partner

     

    Being enthusiastic means that

  • we have energy
  • we have ambition
  • we are creative