Key figures


Revenues (NOK million 2022)


(NOK million 2022)


MW in operation


Number of employees

Investor relations

We are committed to provide all shareholders and potential investors with relevant financial information in a consistent and transparent manner. Here you will find relevant information about Scatec.

67.44 Last updated 31.03.2023 10:54:35
Change 2.43% Volume 269,519
High 67.72 Low 64.58

Financial calendar

  • 22.03.23 - Annual Report 2022

  • 18.04.23 - Annual General Meeting 2023

  • 05.05.23 - First quarter results 2023

  • 18.08.23 - Second quarter results 2023

  • 02.11.23 - Third quarter results 2023

Scatec normally publishes its quarterly results at 07:00 am (CET). The results will be available at the company’s website and at Oslo Stock Exchange’s Newsweb. An open presentation of the results are held in Oslo the same day.

Silent periods normally start one week after the end of each quarter.

The dates are subject to change.

Investor introduction

Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy in high growth markets. As a long-term player, we develop, build, own and operate renewable energy plants.

  • 3,375 MW in operation
  • 1,267 MW under construction
  • 16.7 GW in project backlog and pipeline


The power plants are structured in project companies (single purpose vehicles) and financed with equity and non-recourse project finance debt. This structure offers isolation of operational and financial risks related to each individual project, and limits Scatec’s exposure to the equity invested and retained in the respective project companies. A large share of the funding of Scatec’s equity investments in the solar project companies is generated through Scatec’s Development & Construction activities.

Free cash flow generated in the project companies is transferred to Scatec as contributions and/or dividends on a semi-annual basis in accordance with the financing agreements. First distribution typically occurs after 12-18 months of plant operation.


In February 2021, Scatec issued a senior unsecured EUR 250 million Green Bond with maturity in August 2025 and a coupon rate of Euribor plus 250 bp. The proceeds were used to refinance the MNOK 750 million green bond issued in 2017 and to partially repay  the Bridge -to-Bond facility that was committed in 2020, in relation to the acquisition of SN Power. Proceeds will also be used for financing of eligible assets as defined in the Scatec Green Financing Framework. The bond was listed on the Oslo Stock Exchange 23 June 2021 with ticker SCATC03 ESG.

The following senior debt was incurred at Scatec ASA level in Q1 2021:
– EUR 250 million Green bond                          Maturity August 2025
– USD 193 million Bridge-to-Bond                     Maturity Q1 2024
– USD 150 million Green Term loan                    Maturity Q1 2025

As part of the acquisition of SN Power, Norfund offered a USD 200 million Vendor note with Maturity in Q1 2028. This note is deeply subordinated and will not count in the debt covenant calculations.

In addition, Scatec ASA has a USD 180 million, ESG linked, Multicurrency Revolving Credit Facility with maturity in March 2023 with Nordea Bank, Swedbank, BNP Paribas and DNB.

Scatec ASA has an additional USD 5 million overdraft facility with Nordea Bank made available on a multicurrency top account in the group account cash pool.

Green Finance Report 2021

Cicero Green Financing Second Opinion 2021

Scatec Green Financing Framework 2021

Term Sheet 2021

Base Prospectus Scatec ASA

IR Contacts

Hans Jakob Hegge

Chief Financial Officer

Andreas Austrell

VP Investor Relations

+47 974 38 686