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Scatec Solar ASA (SSOL.OL)

SSOL.OL on Oslo Stock Exchange

48.50NOK
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Scatec Solar Secures Project In Malaysia
Wednesday, 13 Dec 2017 02:30am EST 

Dec 13 (Reuters) - SCATEC SOLAR ASA ::REG-SCATEC SOLAR SECURES A 40 MW PV PROJECT IN MALAYSIA.WORK HAS STARTED TO SECURE PROJECT FINANCE FROM COMMERCIAL BANKS IN MALAYSIA AND CAPEX IS ESTIMATED TO USD 50 MILLION.  Full Article

Statoil and Scatec complete Brazil solar deal
Tuesday, 24 Oct 2017 07:59am EDT 

Oct 24 (Reuters) - Statoil Asa :‍Statoil and Scatec Solar have completed their previously announced transaction, whereby Statoil acquires a 40% share in construction-eady 162 MW Apodi solar asset in Brazil from Scatec .Following the transaction Scatec Solar and Statoil both hold a 43,75% share in the Apodi solar asset, and ApodiPar holds the remaining 12,5%.Statoil has paid a combined acquisition price of approximately USD 25 million for access to the Apodi solar asset and the project execution company..The Apodi solar project will provide approximately 160,000 households with electricity..  Full Article

Scatec Solar Q3 EBITDA rises to NOK ‍595​ million
Friday, 20 Oct 2017 01:00am EDT 

Oct 20 (Reuters) - SCATEC SOLAR ASA :Q3 REVENUE NOK ‍655​ MILLION VERSUS NOK 281 MILLION YEAR AGO.Q3 EBITDA NOK ‍595​ MILLION VERSUS NOK 222 MILLION YEAR AGO.INVESTMENTS IN NEW SOLAR POWER PLANTS ARE EXPECTED TO YIELD AVERAGE EQUITY IRR OF 15% NOMINAL AFTER TAX​.  Full Article

Statoil, Scatec Solar to build solar farm in Brazil
Wednesday, 4 Oct 2017 01:59am EDT 

Oct 4 (Reuters) - Scatec Solar Asa and Statoil say::Scatec solar and Statoil to establish partnership in Brazil.Have agreed to establish a 50/50 joint venture to build, own and operate large scale solar plants in Brazil..Joint venture has an ambition to become a significant player in Brazilian solar market..Total project capex is estimated to $215 million..Statoil will inject equity funding for realization of project. This corresponds to a consideration of $25 million to scatec solar for 40 pct ownership stake in project and for participation in joint venture.Construction of solar plant will start imminently with a plan to connect plant to grid towards end of 2018.  Full Article

Scatec Solar Q2 EBITDA rises to NOK 217 million
Friday, 21 Jul 2017 01:00am EDT 

July 21 (Reuters) - SCATEC SOLAR ASA :Q2 REVENUE NOK ‍279​ MILLION VERSUS NOK 213 MILLION YEAR AGO.Q2 EBITDA NOK 217 MILLION VERSUS NOK 153 MILLION YEAR AGO.2017 CASH FLOW EQUITY IS EXPECTED TO REACH NOK 165-185 MILLION FROM POWER PRODUCTION AND OPERATION & MAINTENANCE BASED ON CURRENCY EXCHANGE RATES AS OF MID-JULY 2017.  Full Article

Scatec Solar Q1 consolidated EBITDA up at NOK 222 million
Friday, 5 May 2017 01:00am EDT 

May 5 (Reuters) - SCATEC SOLAR ASA ::Q1 CONSOLIDATED REVENUE NOK 276 MILLION VERSUS NOK 228 MILLION YEAR AGO.Q1 CONSOLIDATED EBITDA NOK 222 MILLION VERSUS NOK 165 MILLION YEAR AGO.  Full Article

Scatec Solar and partners sign power purchase agreements for 400 MW in Egypt
Tuesday, 18 Apr 2017 01:59am EDT 

April 18 (Reuters) - SCATEC SOLAR ASA ::SCATEC SOLAR AND PARTNERS SIGN POWER PURCHASE AGREEMENTS FOR 400 MW IN EGYPT.SOLAR PLANTS ARE EXPECTED TO GENERATE ABOUT 870 GWH OF SOLAR ELECTRICITY PER YEAR.INVESTMENTS FOR 400 MW OF SOLAR PLANTS IS ESTIMATED TO $450 MILLION AND PLANTS ARE EXPECTED TO GENERATE ANNUAL REVENUES OF ABOUT $60 MILLION OVER 25-YEAR CONTRACT PERIOD.WILL BUILD, OWN AND OPERATE ALL SIX PROJECTS AND SCATEC SOLAR'S SHARE OF EQUITY INVESTMENTS WILL BE IN RANGE OF USD 50-70 MILLION.  Full Article

Scatec Solar private placement successfully completed
Friday, 24 Mar 2017 02:59am EDT 

Scatec Solar ASA : Says private placement successfully completed .Raised about 380 million Norwegian crowns ($44.7 million) in gross proceeds through private placement consisting of 9.4 million new shares.  Full Article

Scatec Solar: contemplated private placement
Thursday, 23 Mar 2017 11:32am EDT 

Scatec Solar ASA : Contemplated private placement . In private placement, company is offering up to 9,380,000 new shares, representing about 10% of outstanding capital of company . Subscription price in private placement will be determined through an accelerated bookbuilding process .The net proceeds from the private placement will be used to increase the Company's capacity to fund the equity portion of investments in backlog and pipeline projects on top of the Company's current self-funded growth capacity.  Full Article

Scatec Solar proposes dividend of NOK 0.71 per share
Monday, 20 Mar 2017 07:53am EDT 

Scatec Solar ASA :Resolved to propose to annual general meeting a dividend of 0.71 Norwegian crown per share.  Full Article

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Statoil takes first bite of solar market with Brazilian joint venture

OSLO Norway's Statoil is taking its first step into the solar sector on Wednesday, partnering up with Oslo-listed renewable energy firm Scatec Solar in a joint venture aiming to build several large-scale solar plants in Brazil.