Oslo : Scatec, a leading renewable energy solutions provider, and its partners have refinanced the non-recourse project debt for six solar power plants in Egypt, with a total capacity of 380 megawatts (MW), through the issuance of a 19-year USD 334.5 million non-recourse Green Project Bond. The refinancing will provide increased leverage, extended tenor, and […]
ACME Group partners with Norway-based Scatec to develop a large-scale green ammonia facility in Oman – EQ Mag Pro
Gurugram: ACME Group signed an agreement with Norway-based Scatec ASA to invest in its Oman Project with a 50-50 joint venture, to design, develop, build, and operate a large-scale green ammonia facility in Oman. The first phase of the facility is expected to produce 100,000 tonnes of green ammonia annually and will be expanded to […]
Scatec met with HE President Abdel Fattah El-Sisi, President of the Arab Republic of Egypt to discuss major plans for green energy development and signed an MOU to develop a green ammonia facility in the SCZone – EQ Mag Pro
Oslo : Building on Scatec’s strong renewables position in Egypt and the recently announced plan for a 100 MW green hydrogen plant in Egypt, Scatec CEO, Raymond Carlsen, (OSE: SCATC) met yesterday with HE President Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, to discuss plans for large scale seawater desalination, hydrogen and […]
Scatec : signs agreement for the first IPP solar project in Lesotho totalling 20 MW – EQ Mag Pro
Scatec has entered an agreement with the Lesotho Electricity Company and the Government of Lesotho to build the first IPP solar project in Lesotho of 20 MW. The Power Purchase Agreement, Connection Agreement and Implementation Agreement were signed at an official ceremony held in Lesotho’s capital, Maseru, which marked the culmination of successful negotiations with […]
Scatec ranked number one in ESG reporting among the 100 largest companies on the Oslo Stock Exchange
Today, The Governance Group published its annual analysis of ESG reporting – ESG 100 – rating the 100 largest companies on the Oslo Stock Exchange. Scatec was awarded with top rating (A+), placing the company, along with Norsk Hydro, as a leader in ESG reporting in Norway. “We are incredibly proud to be rated as […]
EGYPT: Metito And Scatec Consider Clean Energy Desalination
The Egyptian government is in discussions with Metito, Orascom Construction and Scatec. These companies, which are very active in the water, sanitation and energy sectors, will build new seawater desalination plants powered by renewable energy. The real criticism of seawater desalination is its high energy consumption. Egypt wants to reduce the environmental impact of desalination […]
Scatec awarded solar projects with 1,140MWh battery storage in South Africa government tender
Scatec has been awarded Preferred Bidder status for 540MW of solar projects with 225MW / 1,140MWh of battery storage through a government tender in South Africa. The Norway-headquartered renewable energy developer and power producer participated in the South African Department of Mineral Resources and Energy’s technology agnostic Risk Mitigation Power Procurement Programme (RMPPP). The expedited […]
Scatec enters the Indian market by signing agreement for a 900 MW solar power plant
Oslo: Scatec has today entered a partnership with ACME, a leading solar developer in India, to realise a 900 MW solar power plant in the state of Rajasthan, India. The project holds a 25-year PPA with Solar Energy Corporation of India (SECI) secured in a tender in 2018. “We are excited to partner with ACME, […]
Scatec Awarded 540 MW Solar Plant With Storage in a Government Tender in South Africa
Oslo : Scatec has today been awarded Preferred Bidder status on three projects totaling 150MW (3x50MW) of Contracted Capacity, by the Department of Mineral Resources and Energy in South Africa under the technology agnostic Risk Mitigation Power Procurement Programme (RMIPPP). The tariffs awarded to the projects fall within the range of the previously awarded preferred […]
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 […]
