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).
The sale of Westbridge’s 75% stake in Sunnynook Solar to METLEN was completed, set to power 50,000 Alberta homes. (Image Source: Pixabay)
Module shipments in Q3 2024 reached 25,910 MW, with N-type modules comprising 90% of all shipments. (Image Source: SOLARbytes)
With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)
Runergy provides insights into ITC’s Section 337 timeline, countering misleading interpretations of its 45-day and 60-day procedural references. (Image Source: Runergy)