1. Home
  2. Tag "Scatec"

Scatec Boosted by New Hydropower Assets and Completion of Solar Parks

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 […]

Japan’s Idemitsu Kosan Completes 58-MW Solar Plant in Okayama

Scatec ASA – Successful placement of EUR 250 million of new senior unsecured green bonds

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 […]

EU Commission Approves 400 Million Euros Danish State Aid for Renewable Energy

Scatec ASA receives regulatory approvals related to acquisition of SN Power

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 […]

EU Commission Approves 400 Million Euros Danish State Aid for Renewable Energy

Norway’s Equinor, Hydro and Scatec to build solar farm in Brazil

  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 […]

EU Commission Approves 400 Million Euros Danish State Aid for Renewable Energy

UPDATE 2-Oil firm Equinor raises stake in solar power co Scatec

* 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 […]

EU Commission Approves 400 Million Euros Danish State Aid for Renewable Energy