Scatec appoints new chief executive officer as Raymond Carlsen steps down after 13 years

Mar 28, 2022 12:32 PM ET
  • Raymond Carlsen is stepping down as chief executive officer of independent power manufacturer (IPP) Scatec after 13 years in the role, to be replaced by the company's EVP of project growth, Terje Pilskog.
Scatec appoints new chief executive officer as Raymond Carlsen steps down after 13 years
Image: Scatec

Pilskog, 51, will certainly organize the Norway-headquartered company on 1 May and also will work to provide its strategy of getting to 15GW of renewables in operation or incomplete by the end of 2025, up from more than 3.5 GW presently.

Having previously worked at working as a consultant McKinsey & Company and after that Renewable Energy Corporation, where he held numerous monitoring positions, Pilskog signed up with Scatec in 2013.

John Andersen Jr., chairman of Scatec's board of supervisors, claimed Pilskog's visit is the result of a complete procedure, with his candidature benchmarked versus both inner and exterior prospects. "Terje Pilskog has actually been instrumental in the strategic growth of Scatec and has first-hand experience with both the industrial as well as operational elements of the company."

Andersen gave thanks to Carlsen for his management over the past 13 years, explaining him as "a driving force behind the development of Scatec from a tiny specific niche player in solar power right into the well-recognised service provider of renewable energy solutions it is today".

Prior to joining Scatec as CEO in 2009, Carlsen, 67, was a partner at Aker ASA, in charge of creating the commercial investment company's portfolio of energy-related businesses.

Boosted by its US$ 1.1 billion purchase of hydropower programmer SN Power, Scatec's incomes in 2021 jumped 62% year-on-year to NOK4.62 billion (US$ 525 million), while EBITDA greater than doubled to NOK2.69 billion (US$ 305 million).

Reporting its 2021 outcomes last month, Scatec disclosed its backlog of projects totals greater than 2GW-- including solar plants in markets such as Brazil, South Africa and Tunisia.

Ever since the company has developed a joint endeavor with India's ACME Group that will certainly establish, have as well as operate a green ammonia center in Oman, the first phase of which will certainly have 300MW of electrolyser capacity and be powered by 500MW of solar.

Days later on Scatec authorized a memorandum of understanding with a team of partners to co-develop Egypt's first large-scale green ammonia project.

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