The Norwegian solar developer saw a significant increase in revenue in 2016. Project backlog also increased to 731 MW. Last year, Scatec secured 309 MW in new projects in Malaysia, Mozambique and Brazil.
Around 11 MW of new PV capacity was installed last year in Norway. The volume of new installations grew by 366% compared to 2015. This growth was mainly driven by the country’s regulation for self-consumption and the green certificate scheme.
The Norwegian solar manufacturer saw its module shipments increase 9% year-on-year to 1,266 GW in 2016. A strong fourth quarter was the main driver for this performance. Americas accounted for about 53% of the company’s shipments last year, while in the EMEA and APAC markets REC Solar sold 32% and 15% of its products, respectively.
The Norwegian silicon producer increased its fourth quarter revenues by $30 million on Q3, and forecasts rising demand for polysilicon in China ahead of the country’s July FIT decrease.
Norwegian integrated solar power producer Scatec Solar has posted strong quarterly and yearly results, which show increases in all of the right areas, including significant revenue and EBIT growth, as well as an increase in power production.
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