EY-Parthenon advised Sømna Biogass on their capital raise

On 22 April 2026, it was announced that Havila Biogass Holding AS acquired a stake through a capital raise in Sømna Biogass’s biogas plant project.

The biogas plant is planned to be located in Sømna municipality in Northern Norway. Final investment decision (FID) is expected later this year, with planned commercial operations commencing next year. Once operational, the plant is expected to produce approximately 90 GWh of liquefied biogas (LBG) annually.

As part of a capital raise, Havila Biogass committed equity to the project and will become an owner alongside the existing shareholders. The financial terms of the transaction have not been disclosed.

Havila Biogass develops, builds and operates biogas plants that convert organic waste into renewable energy. The company is part of the broader Havila Group, controlled by the Sævik family.

The project is underpinned by a circular business model rooted in strong local participation. The biogas plant was originally majority owned by a cooperative of local farmers, who will continue their involvement in the project by supplying feedstock to the plant and receiving biofertilizer in return.

EY‑Parthenon congratulates all parties involved on a successful transaction.

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