Scatec’s Q4 2023 earning highlights include NOK 1.7 billion in revenues and NOK 808 million EBITDA. Annual figures reveal record-breaking revenues of NOK 12.7 billion and EBITDA of NOK 3.8 billion. The renewable energy solution provider achieved this through high construction activity, focusing on portfolio optimization, and securing NOK 2.7 billion in growth funding. Notably, Scatec divested four solar power plants and agreed to refinancing terms with major banks. Initiating projects in South Africa, Botswana, and winning a 103 MW battery storage project positions Scatec in a growth trajectory for 2024.
Scatec records positive Q4 revenues and EBITDA surge
Scatec anticipates robust 2024 power production at 4.2-4.6 TWh correnponding to EBITDA of NOK 3.4-3.7 billion, signaling sustained energy growth. (Image Credit SolarBytes).
Allegations include bribing Indian officials to secure renewable energy projects worth $6 billion. (Image Credit/Source: Kelly/Pexels)
NTPC prioritizes solar over wind, limiting wind and battery projects to 10% of its renewable portfolio. (Image Credit/Source: Kelly/Pexels)
Scatec retains 13% and 12% stakes in Kalkbult, Linde, and Dreunberg solar plants after the sale to STANLIB. (Image Source: Scatec)
The financing partnership between RIC Energy and Rosemawr will fund interconnection deposits for up to 450 MW of renewable projects in NY. (Image Source: RIC Energy)