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Equinor enhances stake in Scatec
Latest purchase of five million shares EUR27m takes total shareholding in solar programmer to 16.2%.
Mar 16, 2023 // Markets & Finance News, Scatec, Equinor
Scatec, Equinor Part Ways in Argentina
earnings report.
Have Scatec and Equinor Exited Argentina's Solar Market?
Scatec Solar and Equinor have agreed to sell their 50/50 joint venture stake in the 117-MW
Oct 20, 2023 // Markets & Finance News, Scatec, Equinor, PV Power Plant
Scatec, Aeolus Start 60-MW Tunisia Solar Operations
Scatec and Aeolus switch on Tunisia’s first Scatec-built solar plant: 60‑MW Sidi Bouzid hits COD, anchoring a 30‑year PPA as twin Tozeur project targets 2026.
Mar 11, 2026 // Plants, Large-Scale, Commercial, Scatec, PV Power Plant, Aeolus
Scatec Launches Massive Solar-Battery Project in Egypt
Scatec ASA launches Egypt's 1.1-GW Obelisk solar project, featuring cutting-edge battery storage and backed by major financial partners, set to transform renewable energy by 2026.
May 6, 2025 // Plants, Large-Scale, Commercial, Storage, Asia, Africa, Egypt, PV Power Plant, Scatec ASA
Scatec funds 540MW South African solar portfolio
Construction will now kick off at three PV sites as well as a 225MW storage facility in the Kenhardt region
Jul 20, 2022 // Large-Scale, Commercial, Markets & Finance News, Storage, Scatec, Africa, South Africa, Terje Pilskog, Jan Fourie
Scatec pops cork at 148MW Ukraine solar
The Progressovka project is located in the Mykolayiv region of the country
Jul 12, 2021 // Plants, Commercial, Scatec, Ukraine, Europe, solar farm, Raymond Carlse
Scatec Solar triples production over last year
independent power producer (IPP) Scatec Solar ASA has posted strong numbers with its second quarter 2019 results. The PV company’s proportionate
Jul 22, 2019 // Manufacturing News, Raymond Carlsen, IPP, Scatec Solar ASA, NOK, GW
Scatec Sells Mozambique Solar Plant to Globeleq, Boosts Portfolio
Scatec ASA sells majority stake in Mocuba solar power plant to Globeleq, generating a net gain of $4m. The plant has a 25-year power purchase agreement and produces 75 GWh annually.
Jan 11, 2024 // Plants, Large-Scale, Commercial, Scatec, Africa, Mozambique, PV Power Plant, Globeleq
Scatec Solar to get hydropower developer, proclaims floating solar possibility
large-scale gamer throughout multiple renewable energy innovations.
Scatec Solar is to get SN Power from Norfund, the state-owned investment fund which has
Oct 16, 2020 // Markets & Finance News, Floating PV, Scatec Solar, floating PV, m&a, sn power, norfund, utility-scale solar,, hydro power,
Scatec Solar reaches commercial operation on 66MW PV project in Malaysia
Scatec Solar and its partners have grid connected its third solar power plant in Malaysia, the 66MW Merchang plant. Scatec now boasts a 197MW PV pipeline within the country.
Raymond Carlsen, CEO of Scatec Solar, said: “We are pleased to have reached another important milestone together with our partners in Malaysia. This also marks the completion of Scatec Solar’s first large scale solar project in South East Asia, a market where we are working on several interesting opportunities.”
The Merchang plant is expected to generate around 94,000 MWh of electricity per year, while the site started to generate revenues on 31 May 2019. The clean energy produced by the plant will help avoid about 70,000 tonnes of carbon emissions per year and provide more than 31,000 households with electricity.
Back in December 2016, Scatec Solar entered into the Malaysian large-scale solar energy market by forming a partnership with a local ITRAMAS-led consortium that had signed three 21-year PPAs with the country’s largest electricity utility, Tenaga Nasional Berhad (TNB).
This partnership led to the development of three solar plants totaling 197MW with a total investment of about US$293 million.
With the grid connection of this site, Scatec Solar currently has plants with a total capacity of 911MW in operation and another 993MW under construction.
Jul 18, 2019 // Large-Scale, Raymond Carlsen, PPAs, Scatec Solar, Scatec, ITRAMAS-led, Malaysia, Asia
Scatec Reaches Financial Close on 273MW South African Solar
Scatec Solar has announced that it has achieved financial close for its three Grootfontein solar projects, with a combined capacity of 273MW, in South Africa. The projects were awarded after the fifth bidding round of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). Scatec will have a 51% equity stake in the projects, with H1 Holdings, its local Black Economic Empowerment partner, owning 46.5% and the Grootfontein Local Community Trust 2.5%. Construction is slated to begin in the first quarter of 2024, with expected completion in 2025. The projects are estimated to cost $270 million and will be financed by equity from the owners and $241 million of non-recourse project finance debt provided by Standard Bank of South Africa. Once operational, the solar plants will provide renewable energy to approximately 100,000 households in the region.
What are the Finances for Scatec Solar's Grootfontein Projects?
Projects will be completed in 2025
Cost of projects estimated to be $270 million
Standard Bank of South Africa to provide $241 million of non-recourse project finance debt
Scatec to own 51% equity stake in projects, H1 Holdings to own 46.5%, and Grootfontein Local Community Trust 2.5%
Construction to begin in first quarter of 2024
Projects will provide renewable energy to approximately 100,000 households in the region
Jun 30, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Scatec, Africa, South Africa, PV Power Plant
Equinor Increases Stake in Scatec Solar With Purchase of 6.5 mn Shares
has acquired 6,500,000 shares in Scatec Solar, corresponding to 5.2 percent of the shares and votes, at a total purchase price of NOK 754 million (USD 84 million).
Dec 20, 2019 // Markets & Finance News, Scatec Solar, Equinor, Pål Eitrheim
Scatec reaches commercial operation for another 112 MW of capacity
independent power producer Scatec Solar passed the 1 GW mark for installed generation capacity this month after finishing new sites in Ukraine and Egypt. The
Sep 1, 2019 // Plants, Large-Scale, Commercial, Residential, Tariffs, Raymond Carlsen, Scatec Solar, Ukraine, Europe, Asia, Africa, Egypt, Oslo
Equinor, Scatec to combine for 480MW solar array in Brazil
Norwegian energy companies Equinor as well as Scatec are to work together on a 480MW solar project in Brazil.
Dec 10, 2020 // Plants, Scatec, South america, Brazil, large-scale solar, Equinor, Terje Pilskog, Olav Kolbeinstveit
Scatec seals exit from 258-MW solar farm facility in S Africa
Norwegian sustainable power manufacturer Scatec ASA (OSL: SSO) has actually closed the sale of its 42% equity risk in the 258-MW Upington solar farm complex in South Africa, the firm said on Thursday.
Jun 1, 2023 // Plants, Markets & Finance News, Scatec, solar farm, S Africa
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