Announcement • Apr 24
Scatec ASA Approves Board Elections Scatec ASA held its annual general meeting on April 24, 2026. Kirstine Damkjær was elected as a Board member for a two-year term until the Annual General Meeting 2028. Finn Bjørn Ruyter was elected as a Board member for a term until the Annual General Meeting 2028, with effect from such date as determined by the nomination committee, which shall be no later than December 1, 2026. Following the election, the Company’s board of directors comprises the following persons: Jørgen Kildahl (Chair) (until 2027), Mette Krogsrud (until 2028), Espen Gundersen (until 2028), Maria Tallaksen (until 2028), Pål Kildemo (until 2028), Kirstine Damkjær (until 2028), Finn Bjørn Ruyter (from the Effective Date and until 2028). Kristine Ryssdal was re-elected as Chair of the Nomination Committee for a two-year term until the Annual General Meeting 2028. Based on the Nomination Committee's proposal, the Nomination Committee will following the election consist of: Kristine Ryssdal (Chair) (until 2028), Mads Holm (until 2027), Christian Rom (until 2027), Ole Jakob Hundstad (until 2027). Announcement • Feb 25
Scatec ASA Reaches Commercial Operations Date for the First Phase of Its 1.1 GW Obelisk Solar and 100 Mw/200 MWh Battery Storage Project in Egypt Scatec ASA has successfully reached Commercial Operations Date (COD) for the first phase of its 1.1 GW Obelisk solar and 100 MW/200 MWh battery storage project in Egypt. The Obelisk project is being built in two phases. The first phase comprises 561 MW of solar capacity and the total 100 MW/200 MWh battery energy storage system, while the second phase adds an additional 564 MW of solar capacity. The second phase is currently under construction and is expected to reach COD during the summer of 2026. Once fully operational, the Obelisk project will become Africa's largest hybrid solar and battery installation, with an expected abatement of more than 1.2 million tonnes of CO2e emissions per year. It is projected to deliver over 3,000 GWh of clean energy annually, which will be supplied to the Egyptian Electricity Transmission Company (EETC) under a 25-year Power Purchase Agreement (PPA) denominated in USD. Scatec currently holds a 60% economic interest in the power plant and is in advanced discussions with additional equity partners. Scatec provides Engineering, Procurement and Construction (EPC), Asset Management (AM) and Operations & Maintenance (O&M) services for the project. Announcement • Jan 30
Scatec Asa Provides Production Guidance for the Full Year 2026 Scatec ASA provided production guidance for the Full Year 2026. For the year, company estimated proportionate power production of 5.2 to 5.6 TWh. Announcement • Nov 18
Scatec ASA, Annual General Meeting, Apr 24, 2026 Scatec ASA, Annual General Meeting, Apr 24, 2026. Announcement • Oct 30
Scatec ASA Provides Production Guidance for the Full Year 2025 Scatec ASA provided production guidance for the Full Year 2025. For the year, company estimated proportionate power production of 4.1 TWh - 4.2 TWh. Announcement • Sep 04
Scatec ASA Announces Resignation of Jutta Dissen as Member of the Board of Directors, Effective 3 September 2025 Scatec announced that Jutta Dissen has informed the company that she resigns from her position as member of the Board of Directors effective 3 September 2025, after accepting an executive position outside Scatec. Announcement • Aug 19
Scatec Asa Provides Power Production Guidance for the Full Year 2025 Scatec ASA provided earnings guidance for the Full Year 2025. For the year, company estimated power production between 4,000 and 4,300 gigawatt hours, slightly reduced from last quarter, mainly due to curtailments in Brazil and Ukraine. It is worth mentioning that the impact on EBITDA is marginal, as majority of the curtailments are refundable. Announcement • Jun 29
Scatec ASA (OB:SCATC) commences an Equity Buyback Plan for 3,500,000 shares, representing 2.20% of its issued share capital, under the authorization approved on April 18, 2025. Scatec ASA (OB:SCATC) commences share repurchases on June 27, 2025, under the program mandated by the shareholders in the Annual General Meeting held on April 18, 2025. As per the mandate, the company is authorized to repurchase up to 3,500,000 shares, representing 2.20% of its issued share capital. The shares will be repurchased in a range of NOK 1 to NOK 1,000 per share. The repurchased shares will be sold/transferred to employees as part of the company's incentive program in one or more rounds. The program is valid till the next Annual General Meeting in 2025, however no later than June 30, 2026. As of April 3, 205, the company had 158,917,275 shares and no shares in treasury.
On June 26, 2025, the company announced a share repurchase program. Under the program, the company will repurchase up to 68,533 of its own shares for a total maximum amount of NOK 9.6 million. The purpose of the program is to acquire shares that can be sold to employees as part of the company's Employee Share Purchase Program. The repurchases may be carried out in the period from this announcement and until June 30, 2025. Announcement • Feb 17
Scatec Announces Resignation of Morten Henriksen as Member of the Board of Directors Scatec announced that Morten Henriksen has informed the company that he resigns from his position as a member of the Board of Directors, effective 17 February 2025. Announcement • Feb 14
SUSI Asia Energy Transition Fund Scsp managed by SUSI Partners AG completed the acquisition of 39-megawatt (MW) Dam Nai Wind farm and the associated operating company in Vietnam from Scatec ASA (OB:SCATC). SUSI Asia Energy Transition Fund Scsp managed by SUSI Partners AG signed an agreement to acquire 39-megawatt (MW) Dam Nai Wind farm and the associated operating company in Vietnam from Scatec ASA (OB:SCATC) for $40 million on September 13, 2024. Scatec will receive an upfront consideration of $27 million for its 100% equity stake at completion, with potential for additional earn-out payments of up to $13 million that are subject to certain conditions being fulfilled prior to May 2026. Total net interest bearing debt related to the Dam Nai Wind farm was approximately $28 million at the end of the second quarter 2024, amounting to a transaction enterprise value of up to $68 million including the contingent earn-out payment. The wind farm has additionally generated a cash flow to equity of approximately $14 million to Scatec since the acquisition in 2021. Following the transaction Scatec will exit all operations in Vietnam resulting in exit costs, including capitalized development expenses, of approximately $4.5 million which will be recognized in the third quarter 2024 results. The transaction is subject to customary regulatory approvals and is expected to close within the first half of 2025.
SUSI Asia Energy Transition Fund Scsp managed by SUSI Partners AG completed the acquisition of 39-megawatt (MW) Dam Nai Wind farm and the associated operating company in Vietnam from Scatec ASA (OB:SCATC) on February 13, 2025. The transaction is now completed, and Scatec has received the initial payment of $27 million, with potential for additional earn-out payments of up to $13 million that are subject to certain conditions being fulfilled prior to May 2026. Following the transaction Scatec will exit all operations in Vietnam. Announcement • Nov 22
Scatec ASA, Annual General Meeting, Apr 24, 2025 Scatec ASA, Annual General Meeting, Apr 24, 2025. Announcement • Nov 20
STANLIB Infrastructure Private Equity Fund 1 a fund managed by STANLIB Asset Management (Pty) Limited completed the acquisition of an unknown minority stake in Kalkbult, Linde, and Dreunberg solar power plants in South Africa from Scatec ASA (OB:SCATC). STANLIB Infrastructure Private Equity Fund 1 a fund managed by STANLIB Asset Management (Pty) Limited has today signed an agreement to acquire an unknown minority stake in Kalkbult, Linde, and Dreunberg solar power plants in South Africa from Scatec ASA (OB:SCATC) for approximately ZAR 920 million on August 2, 2024. A cash consideration of ZAR 921 million will be paid by the buyer. As part of consideration, ZAR 921 million is paid towards assets of Kalkbult, Linde, and Dreunberg solar power plants in South Africa. Under the terms of agreement, transaction will be conducted through a two-step process, whereby Scatec will sell down to approximately 13 percent in Kalkbult and 12 percent in Linde and Dreunberg. Closing of the transaction is subject to customary consents including lender, shareholder, and regulatory authority approvals. The accounting effects will be disclosed at closing of the transaction. The first phase of the transaction is estimated to close in the second half of 2024 and the second phase in the first half of 2025. On September 30, 2024, Scatec has closed the first phase of the previously announced sale of parts of its ownership in the Kalkbult, Linde and Dreunberg solar power plants.
STANLIB Infrastructure Private Equity Fund 1 a fund managed by STANLIB Asset Management (Pty) Limited completed the acquisition of an unknown minority stake in Kalkbult, Linde, and Dreunberg solar power plants in South Africa from Scatec ASA (OB:SCATC) on November 20, 2024. Following the closing of the transaction, Scatec holds an economic interest of approximately 13 percent in Kalkbult and 12 percent in Linde and Dreunberg. Announcement • Aug 16
Scatec ASA Provides Proportionate Power Production Guidance for the Year 2024 Scatec ASA provided proportionate power production guidance for the year 2024. The full year 2024 proportionate power production estimate is 4.1 TWh – 4.5 TWh, down by 100 GWh driven by second quarter performance. Announcement • Aug 02
Fortis Green Fund I Rwanda Holdings Ltd, a fund managed by Fortis Green Renewables Investment Management and Axian Energy Green Ltd completed the acquisition of 54% stake in 8.5 MW Agahozo-Shalom Youth Village Solar Power Plant in Rwanda from Scatec ASA (OB:SCATC). Fortis Green Fund I Rwanda Holdings Ltd, a fund managed by Fortis Green Renewables Investment Management and Axian Energy Green Ltd agreed to acquire 54% stake in 8.5 MW Agahozo-Shalom Youth Village Solar Power Plant in Rwanda from Scatec ASA (OB:SCATC) for $1.4 million on December 19, 2023. The transaction is subject to the customary regulatory consents and is expected to close in 2024.
Fortis Green Fund I Rwanda Holdings Ltd, a fund managed by Fortis Green Renewables Investment Management and Axian Energy Green Ltd completed the acquisition of 54% stake in 8.5 MW Agahozo-Shalom Youth Village Solar Power Plant in Rwanda from Scatec ASA (OB:SCATC) on August 1, 2024. Announcement • Jul 31
TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire SN Power AS from Scatec ASA (OB:SCATC), Norfund and British International Investment plc. TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire SN Power AS from Scatec ASA (OB:SCATC), Norfund and British International Investment plc on July 30, 2024. As part of the agreement, TotalEnergies will 100% stake in SN Power. As a result of this transaction, TotalEnergies will acquire a 28.3% stake in the Bujagali hydropower plant currently in operation in Uganda and also acquire minority stakes in two projects under development in Rwanda (260 MW) and Malawi (360 MW). The proceeds from the transaction will be used to support Scatec’s self-funded growth plan. The transaction price and the final accounting effects will be disclosed at closing of the transaction due to commercial considerations.
The transaction is subject to conditions and consents being received from stakeholders including lenders and joint venture partners and is scheduled to close within first half of 2025. Announcement • Jun 14
Scatec ASA (OB:SCATC) commences an Equity Buyback Plan for 2,801,451 shares, representing 1.76% of its issued share capital, under the authorization approved on April 18, 2024. Scatec ASA (OB:SCATC) commences share repurchases on June 11, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 18, 2024. As per the mandate, the company is authorized to repurchase up to 2,801,451 shares, representing 1.76% of its issued share capital. The shares will be repurchased in a range of NOK 1 to NOK 1,000 per share. The repurchased shares will be sold/transferred to employees as part of the company's incentive program in one or more rounds. The program is valid till the next Annual General Meeting in 2025, however no later than June 30, 2025. As of March 26, 2024, the company had 158,917,275 shares and no shares in treasury.
On June 10, 2024 the company announced a share repurchase program. Under the program, the company will repurchase up to 50,162 of its own shares for a total maximum amount of NOK 6.48 million. The purpose of the program is to acquire shares that can be sold to employees as part of the company's Employee Share Purchase Program. The repurchases may be carried out in the period from this announcement and until June 14, 2024. As of June 10, 2024, the company has no shares in treasury. Announcement • Apr 30
Scatec ASA Provides Production Guidance for the Year 2024 Scatec ASA announced that the full year 2024 proportionate power production estimate is 4.2 TWh – 4.6 TWh. Announcement • Jan 27
Scatec ASA Provides Power Production Guidance for the First Quarter 2024 Scatec ASA provided power production guidance for the first quarter 2024. For the first quarter 2024, the company’s power production is estimated at 800 GWh - 900 GWh on proportionate basis. Announcement • Dec 29
Globeleq Generation Limited acquired 52.5% stake in 40 MW Mocuba solar power plant in Mozambique from Scatec ASA (OB:SCATC). Globeleq Generation Limited signed an agreement to acquire 52.5% stake in 40 MW Mocuba solar power plant in Mozambique from Scatec ASA (OB:SCATC) for $8.5 million on July 18, 2023.The transaction is subject to the customary consents and is expected to close in the first half of 2024.
Globeleq Generation Limited completed the acquisition of 52.5% stake in 40 MW Mocuba solar power plant in Mozambique from Scatec ASA (OB:SCATC) on December 28, 2023. Announcement • Oct 28
Central Puerto S.A. (BASE:CEPU) completed the acquisition of 117-megawatt (MW) Guañizuil IIA solar power plant in Argentina from Scatec ASA (OB:SCATC) and Equinor ASA (OB:EQNR). Central Puerto S.A. (BASE:CEPU) reached an agreement to acquire 117-megawatt (MW) Guañizuil IIA solar power plant in Argentina from Scatec ASA (OB:SCATC) and Equinor ASA (OB:EQNR) on October 19, 2023. Central Puerto S.A. (BASE:CEPU) completed the acquisition of 117-megawatt (MW) Guañizuil IIA solar power plant in Argentina from Scatec ASA (OB:SCATC) and Equinor ASA (OB:EQNR) on October 27, 2023. Announcement • Jul 18
Globeleq Generation Limited signed an agreement to acquire 40 MW Mocuba solar power plant in Mozambique from Scatec ASA (OB:SCATC) for $8.5 million. Globeleq Generation Limited signed an agreement to acquire 40 MW Mocuba solar power plant in Mozambique from Scatec ASA (OB:SCATC) for $8.5 million on July 18, 2023.The transaction is subject to the customary consents and is expected to close in the first half of 2024.