Scatec ASA: Long term incentive programme Oslo, 3 January 2025: In line with the terms adopted by the Annual General Meeting of Scatec ASA in 2022, 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 1,516,378 share options were granted to leading employees, including the following primary insiders: Terje Pilskog, CEO: 63,250 Hans Jakob Hegge, CFO: 56,574 Mohamed Amer, EVP Green Hydrogen & Egypt: 37,451 Eliseo Ana, EVP Asia: 44,192 Alberto Gambacorta, GM Sub-Saharan ...
Golar Acquires All Outstanding Minority Interests in the FLNG Hilli Golar LNG Limited ("Golar" or "the Company") is pleased to announce that the company has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The acquisitions comprise all third-party interests in the asset, including a total of 5.45% common units, 10.9% Series A shares and 10.9% Series B shares. The transaction is equivalent to ~8% of the full FLNG capacity. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share ...
Scatec awarded 288 MW Solar PV in government tender in South Africa Oslo, 23 December 2024: Scatec ASA, a leading renewable energy company, has been awarded preferred bidder status for a 288 MW solar project in the seventh round of the Department of Mineral Resources and Energy Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The projects will deliver much needed energy under a 20-year PPA once fully operational. According to the Department of Mineral Resources and Energy, commercial close for the REIPPPP Bid Window 7 is expected in the second half of 2025. “T...
Scatec starts construction at the 142 MW Urucuia solar project in Brazil Oslo/Sao Paulo, 20 December 2024: Scatec ASA, a leading renewable energy solutions provider is starting construction of the 142 megawatt (MW) solar plant in Minas Gerais in Brazil. Scatec has further secured a debt facility of EUR 25 million from IFU, the Danish Investment Fund for Developing Countries, to partially fund Scatec’s equity share in the project, bringing Scatec’s expected equity injection to USD 28 million. Scatec has signed a PPA with Statkraft for the project for about 75% of the expected power produced...
Correction: Scatec ASA: Mandatory notification of trade by primary insider Correction: The shares were bought by MMH Nysteen Invest AS, a company controlled by board member Maria Moræus Hanssen and related parties. Oslo, 20 December 2024: MMH Nysteen Invest AS, a company controlled by board member Maria Moræus Hanssen and related parties has on 20 December bought 2,575 shares in Scatec ASA at an average price per share of NOK 77.1. After the transaction MMH Nysteen Invest AS owns 13,615 shares in Scatec ASA. Attached is the notification of the transaction in accordance with the Marke...
Scatec ASA: Mandatory notification of trade by primary insider Oslo, 20 December 2024: Maria Moræus Hanssen, board member of Scatec ASA, has on 20 December bought 2,575 shares in Scatec ASA at an average price per share of NOK 77.1. After the transaction Maria Moræeus Hanssen owns 13,615 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. Atta...
Scatec reaches financial close in Botswana and prepares for construction start Oslo, 19 December 2024: Scatec ASA, a leading renewable energy provider, has reached financial close for the second 60 megawatt (MW) of the 120 MW Mmadinare Solar Complex in Botswana and is preparing for construction start. In August 2022, Scatec, signed a binding 25-year power purchase agreement (PPA) with Botswana Power Corporation (BPC) for a 60 MW solar PV facility in the Mmadinare District. In the third quarter 2023, Scatec was awarded a 60 MW expansion of the project, taking the total capacity to 120 MW. ...
Scatec ASA: Mandatory notification of trade by primary insider Oslo, 26 November 2024: Jørgen Kildahl, board member of Scatec ASA, has on 26 November bought 3,000 shares in Scatec ASA at an average price per share of NOK 78.55. After the transaction Jørgen Kildahl owns 10,000 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 completes the Kalkbult, Linde, and Dreunberg transaction in South Africa Oslo, 20 November 2024: Scatec ASA, a leading renewable energy provider, has closed the second and final phase of the previously announced sale of parts of its ownership in the Kalkbult, Linde and Dreunberg solar power plants to Greenstreet 1 Proprietary Limited, a subsidiary of STANLIB Infrastructure Fund II, managed by STANLIB Asset Management Proprietary Limited (“STANLIB”). Scatec received ZAR 433 million (USD 24 million) in gross proceeds for its ownership sold in the second phase and has in total received...
The FLNG business should see a steady stream of news flow over the next 12 months that we expect to confirm, and then add to, Golar LNG’s valuation. Potential cash flow underpins an attractive investment case in our view. As projects firm up, we believe investors should gravitate towards appealing multiples and long-term visibility. Hence, we reiterate our BUY and USD42 target price.
Key information relating to the cash dividend to be paid by Golar LNG Limited (Ticker: GLNG) Reference is made to the third quarter 2024 report released on November 12, 2024. Golar LNG Limited (“Golar”), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around December 2, 2024. The record date will be November 25, 2024. Due to the implementation of the Central Securities Depository Regulation (“CSDR”), please note the information below on the payment date for the small number of Golar shares registered in Norway’s central securities depository (“VPS”): ...
Interim results for the period ended September 30, 2024 Highlights and subsequent events Final Investment Decision (“FID”) for MK II 3.5mtpa FLNG for delivery within 2027. Received reservation notice for FLNG Hilli under definitive agreements with Pan American Energy (“PAE”) for 20-year FLNG deployment in Argentina. Strong progress on FLNG commercial opportunities.Agreed commercial reset of pre-COD contract mechanisms with bp for FLNG Gimi (“the commercial reset”).FLNG Hilli maintains market-leading operational track record. Golar reports a Q3 2024 (“Q3” or “the quarter”) Net loss of $36 m...
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