OSLO: Scatec ASA, a leading renewable energy solutions provider, and its partners, ECHEM and MOPCO, have agreed on Heads of Terms for renewable ammonia offtake from Egypt with Yara Clean Ammonia, the world’s largest trader- and distributor of ammonia. Last year, Scatec, the Egyptian Petrochemicals Holding Company (ECHEM) and Misr Fertilizers Production Company (MOPCO) entered…
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Scatec signs a 900 MW solar power plant in India
OSLO, NORWAY: Scatec ASA has entered a partnership with ACME, a leading solar developer in India, to realise a 900 MW solar power plant in the state of Rajasthan, India. The project has an estimated total capex of USD 400 million, with 75% debt financing from an Indian state-owned lender. Scatec will hold a 50%…
Scatec announces a NOK 100 billion business plan to increase capacity to 15 GW by 2025
OSLO, NORWAY: Rrenewable company, Scatec ASA has confirmed its current 4.5 GW capacity target for 2021 and raises its target to 15 GW by end of 2025. The business plan is supported by Scatec’s track record of strong growth and a solid project pipeline across solar, wind, hydro and storage in high-growth markets globally. 12…
Scatec ASA receives regulatory approvals to acquire SN Power
OSLO: Reference is made to the stock exchange release on 16 October 2020 where Scatec ASA announced the acquisition of SN Power from Norfund. Scatec has now received all necessary regulatory and local competition approvals, and the company expects to close the transaction in first quarter 2021. Scatec is a leading renewable power producer, delivering…