Raymond Carlsen

Scatec Solar acquires SN Power, building a global leader in RE

Scatec Solar has signed a binding agreement to acquire 100% of the shares in SN Power, a leading hydropower developer and IPP, from Norfund for a total equity value of USD 1,166 million. The acquisition forms an important part of Scatec Solar’s broadened growth strategy, with an ambition to become a global large-scale player in […]

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Scatec Solar Secures 40 MW Solar Power Project in Malaysia

The solar power plant, located in Northwest Malaysia, is expected to produce 65 GWh of electricity per year with annual revenues of about USD 6 million. Scatec Solar and Fumase have won the contract to develop a 40 MW solar power project in a tender held by the Energy Commission in Malaysia. The power plant, […]

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Scatec Solar Has Teamed With Statoil for 162mw Solar Power Plant in Brazil

Statoil will also acquire a 50 percent share in the project execution company, enabling Statoil to participate in building and operating solar projects in the future. Scatec Solar ASA (SSO) and Statoil ASA (STL) have agreed to establish a 50/50 Joint Venture to build, own and operate large scale solar plants in Brazil. The Joint […]

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Scatec Solar partners with local ItraMAS-led consortium to build 200 MW PV in Malaysia

Scatec Solar has entered the Malaysian large-scale solar energy market by joining forces with a local ItraMAS-led consortium that has signed three 21-year Power Purchase Agreements (PPAs) with the country’s largest electricity utility, Tenaga Nasional Berhad (TNB). The partnership covers three solar projects totaling nearly 200 MW and involves a total investment of close to […]

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Scatec Solar signs an agreement for 100MW solar project in Nigeria

Integrated independent solar power producer, Scatec Solar has signed an agreement with a Canadian renewable energy development company CDIL focused on Africa and BPS, a Nigerian strategic consulting firm for a 100 MW (DC) Nova Scotia Power plant located in Jigawa State, Nigeria. Raymond Carlsen, CEO of Scatec Solar stated that “Solar power in Nigeria […]

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