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).
AfDB funded two 15 MW solar plants in Chad to generate 61 GWh annually and cut emissions by 49,000 tons per year. (Image Credit/Source: LCEC/Pixabay)
Algeria and GE Vernova discussed 15 GW renewable energy projects, including solar, as Sonelgaz led talks in Atlanta. (Image Source:Zawya)
LRE powered up Morrow Lake Solar, supplying 200 MW to Microsoft with innovative solar tech and eco-friendly land use. (Image Credit/Source: StockSnap/Pixabay)
re:cap green energy acquired 51.7 MW solar projects from Milvio Energy, with completion expected between Q1 and Q4 of 2025. (Image Credit/Source: TheOtherKev/Pexels)