Investor
Key figures
4521
Revenues (NOK million 2022)
2550
EBITDA
(NOK million 2022)
3124
MW in operation
768
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.
Stock exchange notices
- 22.09.23 - Release by Scatec Inauguration of Cameroon Solar Hybrid and Battery Storage Plants
- 18.08.23 - Delivering on strategy and strong progression of construction activities
- 07.08.23 - Invitation to presentation of Scatec ASA’s second quarter results 2023
- 19.07.23 - Release by Scatec raises USD 102 million to accelerate growth ambitions
- 18.07.23 - Scatec sells Mozambique solar power plant to Globeleq for USD 8.5 million in line with strategy
- 30.06.23 - Scatec reaches financial close for its Grootfontein solar projects in South Africa and prepares for construction start
- 26.06.23 - Scatec ASA – Approval of base prospectus
- 01.06.23 - Scatec closes transaction to divest Upington solar plants in South Africa
Financial calendar
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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.
- 3,124 MW in operation
- 1,271 MW under construction
- 13.2 GW in project backlog and pipeline
Our latest reports and presentations for download:
- Second quarter and first half 2023 report
- Second quarter 2023 presentation
- Q2 historical financial information 2023
For complete reports and presentations archive, please click here
Debt
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 Q1 2023, Scatec fully refinanced the USD 193 million Bridge-to-Bond facility related to the acquisition of SN Power. On 2 February 2023, Scatec refinanced USD 100 million of the USD 193 million Bridge-to-Bond facility with a new USD 100 million green term loan with maturity in the fourth quarter 2027 provided by DNB, Nordea and Swedbank. On 10 February 2023 Scatec ASA issued NOK 1 billion of new senior unsecured green bonds to refinance the remaining USD 93 million of the bridge facility. The new bonds have maturity in February 2027 with a coupon rate of 3m NIBOR + 660 bps.
The current senior debt at Scatec ASA level is:
– USD 100 million Green Term loan Maturity Q4 2027
– USD 150 million Green Term loan Maturity Q1 2025
– NOK 1,000 million Green Bond Maturity Q1 2027
– EUR 250 million Green bond Maturity Q3 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.
Cicero Green Financing Second Opinion 2021
Scatec Green Financing Framework 2021
Term Sheet EUR 250 million 2021
Term Sheet NOK 1,000 million 2023
Base Prospectus Scatec ASA 2021
Base Prospectus Scatec ASA 2023
Final Terms for senior unsecured green bonds ISIN NO0012837030
