Scatec Solar capital markets update: accelerating growth – targeting 3.5 GW by end 2021


The highlights are:

  • Setting a new growth target of 2 GW, bringing total capacity above 3.5 GW by end 2021
  • 20-25 years annual cash flow from 3.5 GW of operating power plants is expected to reach NOK 750-850 million (15% post tax equity IRR)
  • Development & Construction net contribution of NOK 2.0-2.5 billion (12-15% gross margin)

 “This year, we deliver on our 1.5 GW growth target, and we now move forward with a target of more than doubling installed capacity by end 2021. Execution of the existing portfolio together with new growth – primarily through new large-scale PV opportunities – are the main building blocks of our growth plans“, says Raymond Carlsen, CEO of Scatec Solar ASA.

He continues: “In addition, there are attractive opportunities for Scatec Solar within the market for corporate PPAs and hybrid solutions, as market develops and we are broadening our commercial and technological scope. As our business is rapidly expanding we also see opportunities to further enhance value of our asset portfolio through debt refinancing and asset rotation“.

The Capital Markets Update event will be held at CET 09:30 – 12:30 at Oslo Konserthus, Munkedamsveien 14, Oslo. The program includes presentations by the executive management in Scatec Solar.

A live webcast of the presentations will be available on our website The presentation material is attached to this notice and is also available for download on our webpage.