The change of company name did not affect the company's daily operations or plans for the future. Rather it gave the company further strength and credibility. Umoe is an active long-term owner and investor. And Umoe is one of Norway’s largest and most successful private companies, with business interests including shipping, energy, industrials, investments and last but not least, renewables. Together with Umoe Solar, Umoe BioEnergy will be gathered in the Umoe Group’s business area Umoe Renewables. In this way, the company will achieve full backing from a very solid Umoe Group