Scatec posted an improved first-quarter financial performance, boosted by the completion of new solar projects and the closing of its acquisition of hydropower developer SN Power. The Norway-headquartered independent power producer recorded revenues of NOK1.01 billion (US$121.6 million), up 17% year-on-year, while earnings jumped 83% to NOK 636 million (US$76.6 million). The results were driven […]
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Oslo: Scatec ASA (“Scatec”) has successfully completed a EUR 250 million senior unsecured green bond issue with maturity in August 2025. The new bonds will have a coupon of 3 months EURIBOR plus 250 bps (approximately 1.96% currently). The proceeds from the bond issue will be used for i) refinancing of the outstanding bond with […]
Oslo: Reference is made to the stock exchange release on 16 October 2020 where Scatec ASA announced the acquisition of SN Power from Norfund. Scatec has now received all necessary regulatory and local competition approvals, and the company expects to close the transaction in first quarter 2021. About Scatec ASA: Scatec is a leading renewable […]
OSLO: Equinor, aluminium producer Norsk Hydro and renewables company Scatec plan to jointly build a 480 megawatt (MW) solar farm in Brazil, they said on Wednesday. The three companies have signed a memorandum of understanding to develop the project, Scatec said in a statement, which did not give details of the cost. The joint […]
* Investment supports Equinor’s diversification strategy * Scatec shares rise 7% * Equinor says to support Scatec Solar’s growth (Adds shares, name of seller, Equinor quotes) OSLO: Norway’s Equinor has bought an additional 5.2% stake in solar energy developer Scatec Solar, the company said late on Thursday, increasing its interest to 15.2% as it seeks […]