Scatec signs equity partnership agreements for Obelisk in Egypt Oslo/Cairo, 08 December: Scatec ASA, a leading renewable energy solutions provider, has signed shareholder agreements with Norfund, the Norwegian investment fund for developing countries and EDF power solutions, an international energy player which develops, builds and operates renewable and low-carbon energy production facilities, for an equity partnership in Scatec’s 1.1GW solar and 100MW/200MWh battery storage hybrid project, Obelisk in Egypt. “We are very pleased to continue our valuable collaborations with Norfund and ED...
Scatec starts commercial operation at Grootfontein solar power plant in South Africa Oslo/Cape Town, 06 December 2025: Scatec ASA, a leading renewable energy provider, has started commercial operation of the 273 MW Grootfontein solar power plant in South Africa, which will generate predictable revenues from a 20-year power purchase agreement (PPA). “We are proud to commence commercial operations at Grootfontein, reinforcing our strong track record in South Africa. This project builds on our commitment to deliver clean, reliable energy while creating long-term value for local communities an...
Scatec JV in the Philippines awarded 68 MW floating solar project Oslo/Manila, 6 November 2025: Scatec, a leading renewable energy solutions provider, and its joint venture partner Aboitiz Renewables, have been awarded a 20-year Power Purchase Agreement (PPA) for a 68 MW floating solar project in the Philippines under the Department of Energy’s Green Energy Auction Program 4 (GEA 4). The project will be developed through SN Aboitiz Power (SNAP), the companies’ joint venture in the Philippines where Scatec owns 50%. The floating solar plant will be located on the Magat reservoir in the Isab...
Scatec ASA: Successful placement of senior unsecured green bonds Oslo, 5 November 2025: Scatec ASA ("Scatec") has successfully issued a NOK 1,000 million 4.25-year senior unsecured green bond issue with a coupon of 3 months NIBOR + 2.85% p.a. The net proceeds of the green bond issue shall be applied towards repayment of outstanding corporate interest-bearing debt and general corporate purposes as set out in the Green Financing Framework. The bond will extend Scatec’s corporate maturity profile and enhance its financial flexibility. Scatec remains committed to continue deleveraging on corpor...
Scatec ASA: Fixed income investor meetings Oslo, 3 November 2025: Scatec ASA ("Scatec") has mandated Arctic Securities, DNB Carnegie, Nordea and SB1 Markets to arrange a series of fixed income investor meetings commencing Tuesday, 4 November 2025. A NOK 1,250 million (expected) senior unsecured green bond issue with a 4.25-year maturity may follow, subject to inter alia market conditions. The net proceeds of the green bond issue shall be applied towards repayment of outstanding corporate debt and general corporate purposes as set out in the Green Financing Framework. For further informati...
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