We monitor renewable energy opportunities closely and take a hands-on approach at every stage of the project value chain, from the bidding process, tender preparation, feasibility study, environmental impact assessment study, permits, tender design, procurement and project financing, to construction and operations. Our projects are designed for optimal long-term operations.

We target countries with a sustainable energy framework and untapped potential, with an initial focus on hydropower. Hydropower is a unique renewable energy resource combining low operating cost and flexibility, which is required with a growing share of intermittent electricity in the grid system.

Renewable energy projects can be a positive force for global, national and local communities. We view electricity as critical to economic development and believe renewable energy projects represent a development opportunity which should lead to healthy financial returns for the investors, as well as tangible gains for the stakeholders involved.

The management team behind Clean Energy Group has extensive experience in developing renewable energy projects and has previously planned and developed the 187 MW Shuakhevi Project in Georgia. The Shuakhevi Project was the first cross-border, limited resource project finance transaction with sales of electricity in Georgia and Turkey.  The Shuakhevi Project is on track to be completed Q1 2010. It is the largest hydro project to have been developed in Georgia since independence and the first project in Georgia to be registered through the Clean Development Mechanism (CDM), generating 265 000 Certified Emission Reductions (CER’s) per annum, equivalent to 265 000 tons of CO2.

Values and what we value

Values and what we value

At Clean Energy Group, we look for people who share our values and who have the intention and ability to help accomplish our vision. This requires honesty, good judgement, communication skills and a desire and passion to make a positive impact, through curiosity, innovation and courage, for fellow co-workers and for stakeholders at large.

For Clean Energy Group it is paramount that licences and ownership rights to develop and operate assets are obtained through competitive and transparent tender processes. We have zero tolerance for corruption.


Renewable energy for a more sustainable world.


Honesty, Competence, Courage & Sustainability.


Excellence in project planning, execution and operations.


We monitor renewable energy opportunities closely and demonstrate excellence in project planning, execution and operations.

Board of Directors

Board of Directors

Baard Mikkelsen


Baard is a founding partner of Clean Energy Group. Prior to this, Baard was CEO of Statkraft AS, the largest renewable energy company in Europe.

Baard also played a key role in developing SN Power AS into one of the leading emerging market hydropower companies worldwide with investments in India, the Philippines, Chile, and Peru. Presently he is Chairman of Multiconsult ASA, Nettpartner AS and Clean Energy Invest AS,, and a member of the Shareholders Committee of Fred Olsen & Co. Baard was on the Supervisory Board of E.ON for five years and has previously held CEO positions in Oslo Energy Group, Ulstein Group and Widerøe Group.

Ragnar Søegaard


Ragnar is a founding partner of Clean Energy Group. Prior to this, Ragnar has held the position of CEO at Clean Energy Invest AS and CFO at E-CO, the second largest power company in Norway, with 10 TWh of hydropower generation.

Ragnar is Director of Glitre Energi AS, a Norwegian utility company with approximately 2.5 TWh of hydropower production, as well as Chairman at Brakar AS and Croation Development Property AS. He is also a professor of finance and accounting at the Asian Institute of Technology in Bangkok.

Bjorn Brandtzaeg


Bjorn is a founding partner and CEO of Clean Energy Group. From 2011 until 2015, Bjorn was the CEO in AGL, the project company for the 187 MW Shuakhevi Project and the 115 MW Koromkheti Projects in Georgia.

Prior to co-founding Clean Energy Group, Bjorn worked with transaction advice and consulting worldwide, based in London, Oslo and Washington D.C., and was most recently a principal in Econ, the largest independent energy advisory firm in Scandinavia, later acquired by Poyry.

Mathias Steinsvik Hadley


Mathias is a founding partner of Clean Energy Group. Prior to co-founding Clean Energy Group, Mathias worked as a business developer at Clean Energy Invest AS, working with land acquisition, permits and financing of the 187 MW Shuakhevi Project developed by AGL.

Mathias has previously worked as a production and project coordinator at PartnerPlast, a leading supplier to the seismic, offshore and aquaculture industries.