Norsk Renewables AS announced a private placement of minimum of 100,000,000 common shares and maximum of 150,000,000 common shares at an issue price of NOK 0.30 per share for the minimum gross proceeds of NOK 30,000,000 and maximum gross proceeds of NOK 45,000,000 on February 13, 2024. The transaction will include participation from new investor Valinor As for NOK 30,000,000.