Scatec

Norway’s Scatec to Set Up 3 GW Wind Energy Project in Egypt

According to a statement made by a spokesperson of the Egyptian Presidency, Norway’s renewable energy producer Scatec will be playing a greater role in Egypt for the renewable energy development. Spokesperson Bassam Essam Rady has said that the cooperation between Egypt and Scatec will be to develop new and renewable energy projects and also to […]

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Botswana Power Corporation Awards Scatec ASA First Large Scale Solar Contract

Norway-based renewable energy leader Scatec has said that it has signed a binding 25-year power purchase agreement (PPA) with and the Botswana Power Corporation (BPC) for the construction of a solar PV facility with a contracted capacity of 50 megawatt. The solar facility will be set up in Selibe Phikwe, a former mining town located […]

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$1.5 B Solar Desalination Plant Proposed in Egypt, reports Bloomberg

The UAE’s Metito Holdings Ltd., Scatec and Orascom Construction are in talks with Egypt on a $1.5bn renewables-powered desalination plant, as the most populous Arab nation moves to address looming water shortages, according to Bloomberg. The three-company consortium is in discussions with Egypt’s sovereign wealth fund to partner on the project that would follow a […]

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Scatec Partners With ACME For 900 MW Solar Plant in India

Norway headquartered renewable power producer and supplier, Scatec has today announced its partnership with an Indian solar developer ACME, to develop a 900 MW solar power plant in Rajasthan, India. This solar power project includes a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) secured in a tender in 2018. Scatec […]

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Norway’s Scatec Wins 540 MW Solar, 1140 MWh Battery Bids In South Africa

Norway based renewable energy developer Scatec has won preferred bidder status for 540 MW of solar projects alongside  225MW / 1,140MWh of battery storage in South Africa. For Scatec, the bid aligns well with its target of 15 GW of renewable energy with a strong mix of storage by 2025. The tender was run by […]

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Scatec Targeting 15 GW Renewable Capacity by 2025

At its Capital Markets Update today, renewable company Scatec confirms its current 4.5 GW capacity target for 2021 and raises its target to 15 GW by end of 2025. The business plan is supported by Scatec’s track record of strong growth and a solid project pipeline across solar, wind, hydro and storage in high-growth markets globally. 12 […]

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Scatec Reaches Financial Close on 150 MW Solar Project in Pakistan

Scatec and its local partner Nizam Energy have announced the successful financial close for the 150 MW Sukkur solar power project in Pakistan Scatec and its local partner Nizam Energy have announced the successful financial close for the 150 MW Sukkur solar power project with a total investment of about USD 100 million. Scatec’s first […]

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