reports
- ABGSC Renewable Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
Scatec signs PPA with Statkraft for new 142 MW solar plant in Brazil
Scatec signs PPA with Statkraft for new 142 MW solar plant in Brazil Oslo, 24 April 2024: Scatec ASA, a leading renewable energy solutions provider, signed a 10-year power purchase agreement (PPA) with Statkraft Energia do Brasil Ltda in Brazil, for a 142 megawatt (MW) solar plant in Minas Gerais, in Brazil. The BRL-denominated PPA covers about 75% of the expected power produced, while the remainder is expected to be sold under short, medium, and long-term term contracts (PPAs). The project’s estimated equity return exceeds Scatec’s hurdle rate of 1.2x the project’s cost of equity. ...
Scatec ASA - Minutes of Annual General Meeting
Scatec ASA - Minutes of Annual General Meeting Oslo, 18 April 2024: Scatec ASA held its Annual General Meeting today at 10:00 CEST. A total of 113,063,920 shares, representing 71.15% of the share capital was represented at the General Meeting. All proposals were resolved as presented in the notice convening the General Meeting distributed on 26 March 2024 and as further set out in the minutes from the General Meeting attached hereto. For further information, please contact:Andreas Austrell, VP Investor Relations, About Scatec Scatec is a leading renewable energy solutions provid...
Invitation to presentation of Scatec ASA’s first quarter results 2024
Invitation to presentation of Scatec ASA’s first quarter results 2024 Oslo, 16 April 2024: Scatec ASA will release its first quarter results on Tuesday 30 April 2024 at 07:00 am (CEST). A presentation of the results followed by a Q&A session will be held on the same day at 09:00 am at Scatec’s headquarters at Skøyen Atrium III (1st floor), Askekroken 11, 0277 Oslo. The presentation and the Q&A session can be followed through a live webcast from our website , or For further information, please contact: For analysts and investors: Andreas Austrell, VP IR, For media: Meera Bhatia, ...
Changes in Scatec’s segment reporting structure effective as of 1 Janu...
Changes in Scatec’s segment reporting structure effective as of 1 January 2024 Oslo, 5 April 2024: As announced in the fourth quarter 2023 financial report, Scatec has reorganised its segment reporting structure from 1 January 2024. The group’s revenues and operating expenses from the Services segment are now reported as part of the Power Production segment. The merger of the two segments results in an increase of Power Production EBITDA corresponding to the EBITDA previously reported in the Services segment. External revenues from Services are now included in revenues in the Power Produ...
Notice of Annual General Meeting of Scatec ASA
Notice of Annual General Meeting of Scatec ASA 26 March 2024: The Annual General Meeting of Scatec ASA will be held on 18 April 2024 at 10:00 CEST. The meeting will be held as a digital meeting, using the online platform Lumi, and can be accessed using the following link: . There will be no physical attendance of shareholders. Please find attached: Notice of Annual General Meeting with attendance/proxyBoard of Directors' proposed resolutions for the Annual General Meeting for the items listed on the agendaRecommendation by the Nomination Committee to the Annual General MeetingGuideline...
Scatec ASA: Jørgen Kildahl proposed as Chair of the Board, John Anders...
Scatec ASA: Jørgen Kildahl proposed as Chair of the Board, John Andersen steps down 26 March 2024, Oslo: Scatec ASA’s Nomination Committee has proposed Jørgen Kildahl to be appointed Chair of the Board at the Annual General Meeting (AGM) 2024, after long-serving Chair John Andersen has notified the Committee that he has decided to step down. John Andersen will remain Chair until the AGM, which will be held on 18 April. Jørgen Kildahl joined Scatec’s Board in 2021 and has been a member of the Audit and Sustainability Committee. He has extensive leadership experience from the energ...
Scatec publishes Annual Report and ESG Performance Report 2023
Scatec publishes Annual Report and ESG Performance Report 2023 Oslo, 20 March 2024: The Board of Directors of Scatec ASA has approved the annual accounts for 2023, and the 2023 Annual Report including the ESG Performance Report has been published today. “2023 was a year marked by geopolitical uncertainties, a turbulent macroeconomic environment, and volatile interest rates, but significant progress for Scatec. We have strategically positioned the company for continued growth in 2024 with a self-funded and more focused strategy. We have had all-time high construction activity, delivered s...
Scatec ASA: Mandatory notification of trade by primary insider
Scatec ASA: Mandatory notification of trade by primary insider Oslo, 19 March 2024: Mette Krogsrud, board member of Scatec ASA has on 18 March 2024 bought 2,000 shares in Scatec ASA at an average price per share of NOK 66.50. After the transaction Mette Krogsrud owns 3,000 shares in Scatec ASA. Attached is the notification of the transaction in accordance with the Market Abuse Regulation Article 19. This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities Trading act. Attachment ...
Scatec, Hydro Rein and Equinor start commercial operations at Mendubim...
Scatec, Hydro Rein and Equinor start commercial operations at Mendubim solar plant in Brazil Oslo, 8 March 2024 – Scatec ASA, a leading provider of renewable energy solutions, together with its partners Hydro Rein (part of Norsk Hydro ASA) and Equinor ASA is pleased to announce the supply and production of electricity from the Mendubim solar plant in the state of Rio Grande do Norte, Brazil. This marks a significant step in advancing sustainable energy initiatives in one of the world's largest energy-producing countries. The 531-megawatt (MW) solar plant represents Scatec's second ven...
Scatec ASA – Buy-back of bonds
Scatec ASA – Buy-back of bonds Oslo, 1 February 2024: Reference is made to the stock exchange notice 31 January 2024 regarding Scatec ASA’s issuance of new bonds.In conjunction with the bond issue, Scatec has bought back EUR 136 million of outstanding bonds with ticker “SCATC03 ESG” (ISIN NO0010931181) which will be cancelled subsequently. Following the transaction, the total nominal outstanding amount will be EUR 114 million. The remaining proceeds from the NOK 1,750 million bond issue after the buy-back will be applied towards eligible activities as set out in the Green Financing Framewor...
Scatec ASA - Successful placement of NOK 1,750 million senior unsecure...
Scatec ASA - Successful placement of NOK 1,750 million senior unsecured green bonds Oslo, 31 January 2024: Scatec ASA ("Scatec") has successfully issued NOK 1,750 million in a 4-year senior unsecured bond issue with a coupon of 3 months NIBOR + 4.25% p.a. with quarterly interest payments. The net proceeds from the bond issue will be applied towards eligible activities as set out in the Green Financing Framework, including partial buy-back of outstanding bonds with ticker “SCATC03 ESG” (ISIN NO0010931181). DNB Markets, Nordea and SpareBank 1 Markets acted as Joint Lead Managers in connect...
Scatec starts commercial operation of solar power plants in Pakistan
Scatec starts commercial operation of solar power plants in Pakistan Oslo, 31 January 2024: Scatec ASA, a leader in renewable energy solutions, has finalised construction and started producing clean energy from its 150 MW solar power plants in Sukkur, Pakistan. The power plants will generate approximately 300 GWh annually under 25-year USD-indexed power purchase agreements with Central Power Purchasing Agency of Pakistan (CPPA). "I am proud to announce commercial operations of our solar project in Sukkur. The power plants will generate much needed renewable energy to the people of Pak...
Scatec ASA – Fixed income investor meetings
Scatec ASA – Fixed income investor meetings Oslo, 26 January 2024: Scatec ASA ("Scatec") has mandated DNB Markets, Nordea, and SpareBank 1 Markets to arrange a series of fixed income investor meetings commencing Monday, 29 January 2024. A NOK 1,750 million (expected) or EUR equivalent senior unsecured green bond issue with a 4-year maturity may follow, subject to inter alia market conditions. Net proceeds of the bond issue shall be applied towards eligible activities as set out in the Green Financing Framework. Subject to completion of the contemplated new bond issue, Scatec will offe...
Scatec FY & Q4 financial results: A year of delivering on strategy, re...
Scatec FY & Q4 financial results: A year of delivering on strategy, record construction activity at attractive margins in 2023 Oslo, 26 January 2024: In the fourth quarter, Scatec reported proportionate revenues of NOK 1.7 billion (1.8), with an EBITDA of NOK 808 million (786). In the development and construction segment, we delivered revenues of NOK 532 million (627) with a gross margin of 15 percent. For the year we reported all-time high proportionate revenues of NOK 12.7 billion (5.1) and EBITDA of NOK 3.8 billion (2.6), driven by high construction activity. “Throughout 20...
Invitation to presentation of Scatec ASA’s fourth quarter results 2023
Invitation to presentation of Scatec ASA’s fourth quarter results 2023 Oslo, 12 January 2024: Scatec ASA will release its fourth quarter results on Friday 26 January 2024 at 07:00 am (CET). A presentation of the results followed by a Q&A session will be held on the same day at 09:00 am, this time at House of Oslo (the auditorium), Ruseløkkveien 34, 0251 Oslo. The presentation and the Q&A session can be followed through a live webcast from our website , or . For further information, please contact: For analysts and investors: Andreas Austrell, VP IR, For media: Meera Bhatia, SVP C...
Scatec ASA: Long term incentive programme
Scatec ASA: Long term incentive programme Oslo, 3 January 2024: In line with the terms adopted by the Annual General Meeting of Scatec ASA in 2023, the Board of Directors continue the share-based incentive programme for leading employees of the company, following the same principles as previous years. Today, a total of 1,514,263 share options were granted to leading employees, including the following primary insiders: Terje Pilskog, CEO: 59,516 Hans Jakob Hegge, CFO: 54,105 Mohamed Amer, EVP Green Hydrogen & Egypt: 31,842 Eliseo Ana, EVP Asia: 41,240 Jan Fourie, EVP Sub-...
Scatec closes sale of solar power plant in Mozambique to Globeleq
Scatec closes sale of solar power plant in Mozambique to Globeleq 29 December 2023: Scatec ASA, a leading renewable energy company in emerging economies, has today closed the divestment of its 52.5% equity share in the 40 MW Mocuba solar power plant in Mozambique to Globeleq for USD 8.5 million (NOK 86 million). “We are pleased to have closed this transaction, which is in line with our strategy to optimise our portfolio including the divestment of smaller assets in non-focus markets,” says Scatec CEO Terje Pilskog. “The transaction's success will free up resources for our targeted market...
Scatec sells 8.5 MW solar power plant in Rwanda, in line with strategy
Scatec sells 8.5 MW solar power plant in Rwanda, in line with strategy 19 December 2023: Scatec ASA, a leading renewable energy company in emerging economies, has today signed an agreement with Fortis Green Fund I Rwanda Holdings Ltd and Axian Energy Green Ltd to sell its 54% equity share in the 8.5 MW solar power plant in Rwanda for USD 1.38 million (NOK 14.2 million), in line with the company’s strategy. “This transaction is aligned with our strategy to consolidate our operating portfolio through divestments of assets in non-prioritised markets,” says Scatec CEO Terje Pilskog.The ASYV ...
Scatec ASA: Mandatory notification of trade by primary insider
Scatec ASA: Mandatory notification of trade by primary insider Oslo, 18 December 2023: MMH Nysteen Invest AS, a company controlled by board member Maria Moræus Hanssen and related parties has on 18 December bought 2,500 shares in Scatec ASA at an average price per share of NOK 79.6. After the transaction MMH Nysteen Invest AS owns 11,040 shares in Scatec ASA. Attached is the notification of the transaction in accordance with the Market Abuse Regulation Article 19. This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19 and section 5-12...
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