Revenues rise for Scatec Solar amid increased construction activity
Norway based project developer, Scatec Solar has posted consolidated revenue of NOK 289 million (US$37.1 milion) for the first quarter of 2018, and the company’s EBITDA increased to NOK 212 million ($27.1 million), over the previous quarter’s NOK 207 million. It attributes the improved financials to an increase in development and construction activity.
Norwegian solar market grew by 59% in 2017
The country’s cumulative installed PV capacity reached 45 MW at the end of last December. Newly installed PV systems for 2017 totaled around 18 MW, which was the largest annual growth ever registered in the Norwegian PV market.
Norway’s Statoil changes name to Equinor to reflect new clean energy strategy
The Norwegian oil company announced its intention to enter the solar energy business in October, when it launched a US$197 million fund dedicated to renewable energies.
Elkem plans IPO on Norway’s stock exchange to expand silicon business in China
Through the IPO, the Norwegian polysilicon maker and silicon product provider will raise the funds to acquire two Chinese manufacturing facilities from its parent company.
REC Silicon posts revenue increase for Q4 2017
Norwegian headquartered manufacturer, REC Silicon has posted revenue of $78 million for the fourth quarter of 2017, a 3.4% increase over the previous quarter’s $75.5 million. The company also increased its EBITDA to $10.3 million, up from $3.6 million the previous quarter.
China: REC Silicon reduces stake in 20,000 MT polysilicon JV
The Norwegian polysilicon producer saw its stake in the joint venture (JV) with Chinese silicon material manufacturer, NSF reduced, after the latter agreed to provide all of REC Silicon’s outstanding capital contribution for the project.
Scatec solar reports significant growth in revenue, profits in full fiscal 2017
The Norwegian developer had 322 MW of PV projects in operation and 394 MW under construction at the end of the fourth quarter of last year.
REC Group sees strongest third quarter ever
Norway headquartered REC Group has become the latest solar manufacturer to post increased module shipments for the third quarter of 2017, as global demand continues to be buoyed by massive installations in China and a rush for U.S. projects to procure modules.
REC Group places equipment order with Aurora Solar Tech
Aurora Solar Technologies today announced that it has received an order from Norway headquartered vertically integrated PV manufacturer REC Group for its inline cell measurement equipment. The order is expected to ship in January 2018.
Scatec Solar issues $92 million in green bonds
Norwegian based project developer Scatec Solar has announced the successful placement of NOK 750 million ($92 million) in unsecured green bonds.
