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Scatec

SN Power acquisition secures 10.5 GW pipeline for developer Scatec

The renewables business formerly known as Scatec Solar has added a 2.5 GW hydropower portfolio in Asia and sub-Saharan Africa and also added its first wind farm while reporting a consolidated loss of almost $43 million for the year.

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Scatec PV plant goes online in Ukraine

Realized under Ukraine’s feed-in-tariff scheme, the Kamianka plant is expected to deliver some 37 GWh per year and provide clean energy to more than 11,000 households.

Scatec stock price stymies extra shares issue plan

Shares in the Norwegian renewables company have been trading below the $26 price linked to a recent $527 million fundraising issuance which the developer launched to fund its planned acquisition of hydropower business SN Power.

Scatec Solar completes shares issue to part fund hydropower acquisition

The Norwegian renewables company has already raised $300 million of the $700 million, one-year funding it has shouldered to acquire hydro business SN Power from state-owned Norfund.

Scatec to drop the ‘Solar’ with hydro acquisition

The renewables business is set to acquire the SN Power hydropower operator belonging to Norwegian state-owned private equity business Norfund, with the $1.17 billion deal expected to go through in the first half of the new year. Scatec said the transaction could offer floating solar opportunities.

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Islamic financing tipped to emerge as major player in PV investment

In every corner of the globe, markets are experiencing an increasing need for capital to back renewable energy assets. Apart from conventional loans, bonds and equity schemes, Shariah-compliant financing instruments, such as Sukuk, serve as a catalyst for funding PV projects, Deloitte finds.

Developers in the dark over reported 25% hike in Benban investment costs

The association that represents developers operating at the 1,465 MW solar project in Egypt – due for completion in June – say they have been told nothing about a rumored rise in investment costs caused by more expensive construction materials.

Gamesa secures 400 MW inverter order from Egypt

The Spanish inverter maker will provide Norwegian developer Scatec with 66 PV inverter stations for projects it is building at the Benban complex.

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Scatec to build two solar plants under FIT in Ukraine

Two PV plants totaling 83 MW will be constructed by the Norwegian developer in the Cherkassy region.

Brazil: 162 MW PV project to come online in Q4 2018

Prodiel will begin construction on the 162 MW PV plant, developed by Norway’s Scatec Solar and Statoil, “imminently”. The US$215 million project is expected to be operational in Q4 2018.

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