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Scatec Solar ASA - Announcement of terms in the Initial Public Offering ("IPO")
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Oslo, 11 September 2014: As previously announced, Scatec Solar ASA ("Scatec Solar" or the "C (...)
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Oslo, 11 September 2014: As previously announced, Scatec Solar ASA ("Scatec Solar" or the "Company") has applied for a listing of its shares (the "Shares") on the Oslo Stock Exchange and has resolved to launch an initial public offering (the "Offering"). Subject to approval of the listing application and successful completion of the Offering, the shares of Scatec Solar is expected to be admitted to listing on Oslo Stock Exchange on or about 29 September 2014.
The Shares to be offered in the Offering (the "Offer Shares") are expected to be offered at a price between NOK 28 and NOK 36 per Offer Share, which implies a pre-IPO value of Scatec Solar of between NOK 1,890 million and NOK 2,430 million. The final price per Offer Share may, however, at the discretion of the Company be set above or below this indicative price range.
Scatec AS which currently holds 36.8% of the Shares in the Company, ITOCHU Corporation and ITOCHU Europe PLC which together currently hold 36.1% of the Shares in the Company, Scatec Invest AS which currently holds 16.4% of the Shares in the Company, Scatec Solar Ansatte AS which currently holds 2.7% of the Shares in the Company, Argentos AS which currently holds 4.1% of the Shares in the Company, Rearden AS which currently holds 0.5% of the Shares in the Company and certain employees which together currently hold 2.8% of the Shares in the Company (the "Selling Shareholders"), intend to offer for sale up to 19,835,413 Shares in the Company (the "Secondary Shares") in the Offering, raising gross proceeds to the Selling Shareholders of up to NOK 714 million. The Company intends to raise gross proceeds of about NOK 500 million by issuing new Shares (the "New Shares") in the Offering. In addition, pursuant to an over-allotment facility, the managers of the Offering (the "Managers") may elect to over-allot a number of additional Shares equalling up to 15 % of the number of Offer Shares. These shares will be provided by Scatec AS, ITOCHU Corporation, Scatec Invest AS and Scatec Solar Ansatte AS (the "Principal Shareholders") through a share lending arrangement with the Managers.
The Selling Shareholders will be subject to a customary lock-up period of 9 months, except for Selling Shareholders that are members of the Company's board of directors and executive management, which will be subject to a lock-up period of 12 months starting the first day of listing.
The Company is in the process of preparing a prospectus (the "Prospectus") which is expected to be published on the morning of 15 September 2014, presenting the full terms and conditions for the Offering comprising:
(i) a retail offering, in which Offer Shares are being offered to the public in Norway subject to a lower limit per application of NOK 10,500 and an upper limit per application of NOK 999,999 (the "Retail Offering"). Applicants in the Retail Offering will receive a discount of NOK 1,500 on their aggregate application amount for the Offer Shares allocated to such applicants;
(ii) an employee offering, in which Offer Shares are being offered to certain eligible employees of the Company, subject to a lower limit of application of an amount of NOK 10,500 (NOK 2,000 for eligible South African employees) and an upper limit per application of NOK 999,999 (the "Employee Offering"). Each eligible employee will receive a discount of NOK 1,500 (14,3% for eligible South African employees, limited to NOK 1,500) on the aggregate application amount for the Offer Shares allocated to such applicants; and
(iii) an institutional offering, in which Offer Shares are being offered to investors subject to applicable exemptions from the prospectus requirements, and subject to a lower limit per application of NOK 1,000,000 (the "Institutional Offering").
The bookbuilding for the Institutional Offering is expected to commence on 15 September 2014 at 09:00 a.m. (CET), and run until 4:30 p.m. (CET) on 25 September 2014, and the application period for the Retail Offering and the Employee Offering is expected to commence on 15 September 2014 at 09:00 a.m. (CET) and run until 12:00 (CET) on 25 September 2014, both subject to shortening or extensions. The final number of Offer Shares to be allocated, and the final price per Offer Share, will be determined by the board of directors of the Company, in consultation with the Managers, after completion of the bookbuilding period for the Institutional Offering. The final pricing of the transaction is expected to take place on or about 25 September 2014 with first day of trading on the Oslo Stock Exchange to commence on or around 29 September 2014.
Completion of the Offering is conditional upon (i) the board of directors of the Oslo Stock Exchange approving the application for listing of the Shares in a board meeting on 24 September 2014 and the satisfaction of the conditions for admission to listing set by the Oslo Stock Exchange, and (ii) the board of directors of the Company, in consultation with the Managers, following the bookbuilding process having approved the offer price and the allocation of the Offer Shares and resolved to issue the New Shares and complete the Offering. There can be no assurance that these conditions will be satisfied.
The terms and conditions of the Offering will be presented in the Prospectus to be prepared in connection with the Offering and listing of Scatec Solar, and which is expected to be published on the morning of 15 September 2014. The Prospectus is, subject to regulatory restrictions in certain jurisdictions, expected to be available at www.abgsc.com and www.carnegie.com, and at www.scatecsolar.com through a link to the website of ABG Sundal Collier Norge ASA / Carnegie AS from the commencement of the bookbuilding period and the application period for the Offering, 15 September 2014 at 09:00 a.m. (CET). Hard copies of the Prospectus may also be obtained free of charge from the same date by contacting the Company or one of the Managers.
ABG Sundal Collier Norge ASA and Carnegie AS are acting as Managers in the Offering. Advokatfirmaet Selmer DA is legal advisor to the Company.
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Oslo, 11 September 2014: As previously announced, Scatec Solar ASA ("Scatec Solar" or the "C (...)
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Oslo, 11 September 2014: As previously announced, Scatec Solar ASA ("Scatec Solar" or the "Company") has applied for a listing of its shares (the "Shares") on the Oslo Stock Exchange and has resolved to launch an initial public offering (the "Offering"). Subject to approval of the listing application and successful completion of the Offering, the shares of Scatec Solar is expected to be admitted to listing on Oslo Stock Exchange on or about 29 September 2014.
The Shares to be offered in the Offering (the "Offer Shares") are expected to be offered at a price between NOK 28 and NOK 36 per Offer Share, which implies a pre-IPO value of Scatec Solar of between NOK 1,890 million and NOK 2,430 million. The final price per Offer Share may, however, at the discretion of the Company be set above or below this indicative price range.
Scatec AS which currently holds 36.8% of the Shares in the Company, ITOCHU Corporation and ITOCHU Europe PLC which together currently hold 36.1% of the Shares in the Company, Scatec Invest AS which currently holds 16.4% of the Shares in the Company, Scatec Solar Ansatte AS which currently holds 2.7% of the Shares in the Company, Argentos AS which currently holds 4.1% of the Shares in the Company, Rearden AS which currently holds 0.5% of the Shares in the Company and certain employees which together currently hold 2.8% of the Shares in the Company (the "Selling Shareholders"), intend to offer for sale up to 19,835,413 Shares in the Company (the "Secondary Shares") in the Offering, raising gross proceeds to the Selling Shareholders of up to NOK 714 million. The Company intends to raise gross proceeds of about NOK 500 million by issuing new Shares (the "New Shares") in the Offering. In addition, pursuant to an over-allotment facility, the managers of the Offering (the "Managers") may elect to over-allot a number of additional Shares equalling up to 15 % of the number of Offer Shares. These shares will be provided by Scatec AS, ITOCHU Corporation, Scatec Invest AS and Scatec Solar Ansatte AS (the "Principal Shareholders") through a share lending arrangement with the Managers.
The Selling Shareholders will be subject to a customary lock-up period of 9 months, except for Selling Shareholders that are members of the Company's board of directors and executive management, which will be subject to a lock-up period of 12 months starting the first day of listing.
The Company is in the process of preparing a prospectus (the "Prospectus") which is expected to be published on the morning of 15 September 2014, presenting the full terms and conditions for the Offering comprising:
(i) a retail offering, in which Offer Shares are being offered to the public in Norway subject to a lower limit per application of NOK 10,500 and an upper limit per application of NOK 999,999 (the "Retail Offering"). Applicants in the Retail Offering will receive a discount of NOK 1,500 on their aggregate application amount for the Offer Shares allocated to such applicants;
(ii) an employee offering, in which Offer Shares are being offered to certain eligible employees of the Company, subject to a lower limit of application of an amount of NOK 10,500 (NOK 2,000 for eligible South African employees) and an upper limit per application of NOK 999,999 (the "Employee Offering"). Each eligible employee will receive a discount of NOK 1,500 (14,3% for eligible South African employees, limited to NOK 1,500) on the aggregate application amount for the Offer Shares allocated to such applicants; and
(iii) an institutional offering, in which Offer Shares are being offered to investors subject to applicable exemptions from the prospectus requirements, and subject to a lower limit per application of NOK 1,000,000 (the "Institutional Offering").
The bookbuilding for the Institutional Offering is expected to commence on 15 September 2014 at 09:00 a.m. (CET), and run until 4:30 p.m. (CET) on 25 September 2014, and the application period for the Retail Offering and the Employee Offering is expected to commence on 15 September 2014 at 09:00 a.m. (CET) and run until 12:00 (CET) on 25 September 2014, both subject to shortening or extensions. The final number of Offer Shares to be allocated, and the final price per Offer Share, will be determined by the board of directors of the Company, in consultation with the Managers, after completion of the bookbuilding period for the Institutional Offering. The final pricing of the transaction is expected to take place on or about 25 September 2014 with first day of trading on the Oslo Stock Exchange to commence on or around 29 September 2014.
Completion of the Offering is conditional upon (i) the board of directors of the Oslo Stock Exchange approving the application for listing of the Shares in a board meeting on 24 September 2014 and the satisfaction of the conditions for admission to listing set by the Oslo Stock Exchange, and (ii) the board of directors of the Company, in consultation with the Managers, following the bookbuilding process having approved the offer price and the allocation of the Offer Shares and resolved to issue the New Shares and complete the Offering. There can be no assurance that these conditions will be satisfied.
The terms and conditions of the Offering will be presented in the Prospectus to be prepared in connection with the Offering and listing of Scatec Solar, and which is expected to be published on the morning of 15 September 2014. The Prospectus is, subject to regulatory restrictions in certain jurisdictions, expected to be available at www.abgsc.com and www.carnegie.com, and at www.scatecsolar.com through a link to the website of ABG Sundal Collier Norge ASA / Carnegie AS from the commencement of the bookbuilding period and the application period for the Offering, 15 September 2014 at 09:00 a.m. (CET). Hard copies of the Prospectus may also be obtained free of charge from the same date by contacting the Company or one of the Managers.
ABG Sundal Collier Norge ASA and Carnegie AS are acting as Managers in the Offering. Advokatfirmaet Selmer DA is legal advisor to the Company.
Antwort auf Beitrag Nr.: 47.769.555 von winforlose am 12.09.14 18:38:44
10. November 2014 | Applications & Installations, Global PV markets, Industry & Suppliers, Markets & Trends, Investor news | By: Edgar Meza, Ilias Tsagas
The Norwegian company and its Jordanian partners will receiving funding from the EBRD and France's Proparco for the planned 43 MW of projects.
Linde solar plant, South Africa
Scatec Solar currently owns and operates 220 MW of solar power plants in the Czech Republic, South Africa and Rwanda.
Scatec Solar
Norway-based Scatec Solar and its business partners have received $100 million in financing for the development and construction of three solar power plant projects in Jordan with a combined capacity of 43 MW.
Scatec Solar and Jordanian partners Quest Energy Investment, European Jordanian Renewable Energy Projects and Greenland Alternative Energy have jointly developed the the projects, which are budgeted at a total $135 million.
The European Bank for Reconstruction and Development (EBRD) and the French development agency Société de Promotion et de Participation pour la Coopération Economique (Proparco) are providing the debt financing for the solar plants.
Scatec Solar will construct the plants and provide operation and maintenance services when the plants are completed and in operation.
"Securing financing for the Jordanian projects is an important milestone for Scatec Solar, and an important contribution to meet our ambition of continued strong growth as an independent solar power producer," said Scatec Solar CEO Raymond Carlsen. "I am pleased to see that our approach to team up with local partners and strong finance institutions bring about such great results."
Scatec Solar will own 70% of the 10 MW Oryx plant and 40% of the two other plants totaling 33 MW capacity. The companies expect to complete the plants in the second half of 2015.
The three plants will produce an estimated 104,000 megawatt hours annually and generate revenues of some $17 million a year, according to Scatec Solar. The National Electric Power Company (Nepco) will buy the electricity produced by the plants under a 20-year power purchase agreement. The plants are located near Ma'an City in southern Jordan.
The EBRD and Proparco will provide $50 million each to fund the construction of the three plants -- the latest projects in a continuously growing pipeline of impressive PV projects in the country.
Monday's announcement comes several weeks after the EBRD's decision to provide a $25 million loan for the construction of a 20 MW solar PV plant likewise located near Ma'an, about 220 kilometers south of Jordan's capital city Amman. The 20 MW project is also getting an additional $25 million loan from the U.S. Overseas Private Investment Corporation (OPIC) and will be constructed and operated by a 100% subsidiary of SunEdison, the EBRD said in September.
Nandita Parshad, the EBRD's director for Power and Energy, said Jordan had outstanding solar energy sources and the bank is committed to developing the country's solar sector and helping it to satisfy its energy supply while also reducing its environmental impact. Jordan currently imports more than 97% of the energy it consumes, relying disproportionately on natural gas from Egypt and oil from Saudi Arabia.
The Jordan power rush
In the last few months, there have been a series of ambitious solar PV projects announced in Jordan, including a 52.5 MW plant and two smaller PV plants, each 10 MW, all located in the southern Ma'an region. The 52.5 MW park will be built by Shams Ma'an Company, which counts the U.S.' First Solar as a shareholder, while Scatec Solar will also build one of the smaller plants, with Dubai-based Adenium Energy Capital and Portugal's Martifer Solar jointly building the other.
Scatec Solar saw strong third-quarter growth this year, generating sales of NOK 130.2 million ($19 million) -- NOK 100 million more than in the same period last year -- and drastically reducing its loss.
The company currently owns and operates 220 MW of solar power plants in the Czech Republic, South Africa and Rwanda.
Read more: http://www.pv-magazine.com/news/details/beitrag/scatec-solar…
WKN: A12C5D
Scatec Solar secures $100 million in financing for solar plants in Jordan10. November 2014 | Applications & Installations, Global PV markets, Industry & Suppliers, Markets & Trends, Investor news | By: Edgar Meza, Ilias Tsagas
The Norwegian company and its Jordanian partners will receiving funding from the EBRD and France's Proparco for the planned 43 MW of projects.
Linde solar plant, South Africa
Scatec Solar currently owns and operates 220 MW of solar power plants in the Czech Republic, South Africa and Rwanda.
Scatec Solar
Norway-based Scatec Solar and its business partners have received $100 million in financing for the development and construction of three solar power plant projects in Jordan with a combined capacity of 43 MW.
Scatec Solar and Jordanian partners Quest Energy Investment, European Jordanian Renewable Energy Projects and Greenland Alternative Energy have jointly developed the the projects, which are budgeted at a total $135 million.
The European Bank for Reconstruction and Development (EBRD) and the French development agency Société de Promotion et de Participation pour la Coopération Economique (Proparco) are providing the debt financing for the solar plants.
Scatec Solar will construct the plants and provide operation and maintenance services when the plants are completed and in operation.
"Securing financing for the Jordanian projects is an important milestone for Scatec Solar, and an important contribution to meet our ambition of continued strong growth as an independent solar power producer," said Scatec Solar CEO Raymond Carlsen. "I am pleased to see that our approach to team up with local partners and strong finance institutions bring about such great results."
Scatec Solar will own 70% of the 10 MW Oryx plant and 40% of the two other plants totaling 33 MW capacity. The companies expect to complete the plants in the second half of 2015.
The three plants will produce an estimated 104,000 megawatt hours annually and generate revenues of some $17 million a year, according to Scatec Solar. The National Electric Power Company (Nepco) will buy the electricity produced by the plants under a 20-year power purchase agreement. The plants are located near Ma'an City in southern Jordan.
The EBRD and Proparco will provide $50 million each to fund the construction of the three plants -- the latest projects in a continuously growing pipeline of impressive PV projects in the country.
Monday's announcement comes several weeks after the EBRD's decision to provide a $25 million loan for the construction of a 20 MW solar PV plant likewise located near Ma'an, about 220 kilometers south of Jordan's capital city Amman. The 20 MW project is also getting an additional $25 million loan from the U.S. Overseas Private Investment Corporation (OPIC) and will be constructed and operated by a 100% subsidiary of SunEdison, the EBRD said in September.
Nandita Parshad, the EBRD's director for Power and Energy, said Jordan had outstanding solar energy sources and the bank is committed to developing the country's solar sector and helping it to satisfy its energy supply while also reducing its environmental impact. Jordan currently imports more than 97% of the energy it consumes, relying disproportionately on natural gas from Egypt and oil from Saudi Arabia.
The Jordan power rush
In the last few months, there have been a series of ambitious solar PV projects announced in Jordan, including a 52.5 MW plant and two smaller PV plants, each 10 MW, all located in the southern Ma'an region. The 52.5 MW park will be built by Shams Ma'an Company, which counts the U.S.' First Solar as a shareholder, while Scatec Solar will also build one of the smaller plants, with Dubai-based Adenium Energy Capital and Portugal's Martifer Solar jointly building the other.
Scatec Solar saw strong third-quarter growth this year, generating sales of NOK 130.2 million ($19 million) -- NOK 100 million more than in the same period last year -- and drastically reducing its loss.
The company currently owns and operates 220 MW of solar power plants in the Czech Republic, South Africa and Rwanda.
Read more: http://www.pv-magazine.com/news/details/beitrag/scatec-solar…
Antwort auf Beitrag Nr.: 48.275.620 von winforlose am 10.11.14 16:40:59
A12C5D
http://www.pv-magazine.com/news/details/beitrag/scatec-solar…
Antwort auf Beitrag Nr.: 48.670.112 von winforlose am 30.12.14 21:22:37
The $188 million project is being developed by Norwegian solar energy project developer Scatec Solar. The project will have a capacity to generate 210 million kilowatt-hours of solar power annually.
According to the deal, Google will pay a share of the cost of the project in return for tax incentives in addition to a share of the income.
The plant is expected to be operational by the end of 2015 and will produce sufficient electricity to power 18,500 average homes in Utah.
After its completion, the Red Hills project will be eligible for a 30 percent solar investment tax credit according to US policy.
The Utah Red Hills solar power station is a part of the target by Scatec Solar to install 750MW of PV generation capacity by the end of 2016.
The facility is being developed in Parowan, Utah which will feature around 325,000 solar PV modules, mounted on single-axis trackers supplied by Scatec Solar.
The power generated will be sold into the grid through a Power Purchase Agreement (PPA) to local utility Rocky Mountain Power.
The project represents Scatec Solar’s first fully owned project in the U.S. and will be the largest developed and constructed project in North America, commented, Raymond Carlsen, CEO, Scatec Solar.
The Utah location is well suited to solar because of its sunny climate, which is situated at about 5,800 feet from sea level. That’s important because solar power systems don’t perform as well when it is very hot, explained, Luigi Resta, managing director, Scatec Solar, North America.
Utah lagged neighboring sunny states like Arizona and New Mexico in solar energy until recently, he added.
Google marks its eighteenth renewable energy investment with this Utah project.
In 2013, Google invested $80 million in six solar facilities in California and Arizona in addition to another $103 million investment in Silver Ridge Power’s 265.7-megawatt Mount Signal Solar project.
So far, Google has invested over $1.5 billion in solar and wind projects across three continents with a total capacity of nearly 2.5 gigawatts.
Back in September, Google announced a major solar investment in SunEdison solar plant.
Generally, Google uses solar energy to power its data centers and to reduce the carbon footprint.Google was ranked high along with Facebook and Apple in the latest ranking by Greenpeace.
Sabeena Wahid
editor@greentechlead.com
Google and Scatec Solar Collaborate for Solar Financing
Google is investing in Utah Red Hills Renewable Energy Park, which is touted as the largest solar power plant in Utah.The $188 million project is being developed by Norwegian solar energy project developer Scatec Solar. The project will have a capacity to generate 210 million kilowatt-hours of solar power annually.
According to the deal, Google will pay a share of the cost of the project in return for tax incentives in addition to a share of the income.
The plant is expected to be operational by the end of 2015 and will produce sufficient electricity to power 18,500 average homes in Utah.
After its completion, the Red Hills project will be eligible for a 30 percent solar investment tax credit according to US policy.
The Utah Red Hills solar power station is a part of the target by Scatec Solar to install 750MW of PV generation capacity by the end of 2016.
The facility is being developed in Parowan, Utah which will feature around 325,000 solar PV modules, mounted on single-axis trackers supplied by Scatec Solar.
The power generated will be sold into the grid through a Power Purchase Agreement (PPA) to local utility Rocky Mountain Power.
The project represents Scatec Solar’s first fully owned project in the U.S. and will be the largest developed and constructed project in North America, commented, Raymond Carlsen, CEO, Scatec Solar.
The Utah location is well suited to solar because of its sunny climate, which is situated at about 5,800 feet from sea level. That’s important because solar power systems don’t perform as well when it is very hot, explained, Luigi Resta, managing director, Scatec Solar, North America.
Utah lagged neighboring sunny states like Arizona and New Mexico in solar energy until recently, he added.
Google marks its eighteenth renewable energy investment with this Utah project.
In 2013, Google invested $80 million in six solar facilities in California and Arizona in addition to another $103 million investment in Silver Ridge Power’s 265.7-megawatt Mount Signal Solar project.
So far, Google has invested over $1.5 billion in solar and wind projects across three continents with a total capacity of nearly 2.5 gigawatts.
Back in September, Google announced a major solar investment in SunEdison solar plant.
Generally, Google uses solar energy to power its data centers and to reduce the carbon footprint.Google was ranked high along with Facebook and Apple in the latest ranking by Greenpeace.
Sabeena Wahid
editor@greentechlead.com
Trading Spotlight
heute erst gesehen, dass Scatec es tatsächlich an die Börse geschafft hat,
hatte sie schon länger im Visier Thread: SCATEC Solar - norwegischer EPC und Projektbetreiber // IPO-Kandidat?;=====================================
Scatec Solar’s power production doubled in Q2 2016
By Danielle Ola Jul 25, 2016
Norwegian integrated independent solar power producer Scatec Solar doubled its power production from last year, according to a Stock Exchange filing.
Power production reached 183GWh – similar to the previous quarter, but up 104% year-on-year. A few key projects contributed to this increase; notably the 10MW Oryx plant in Jordan and the 11MW GLAE plant also in Jordan. According to the notice, seasonally lower production in South Africa in Q2 2016 was offset by higher production in the US and Czech Republic.
Consolidated revenues reached NOK213 million (approximately US$25 million) in Q2 2016, up from NOK215 (approximately US$24 million) in the same period last year, but down from NOK228 million (approximately US$26.8 million) in the previous quarter.
Net income reached NOK6 million (US$0.7 million) down from NOK21 million (US$2.5 million) last year, but up from a loss of NOK23 million (US$2.7 million) in the preceding quarter.
"In the second quarter we are delivering another set of solid financial results, and we are placing new solar plants in commercial operation. The market outlook is positive and we continue to invest in our project backlog and pipeline. While we see some shifts in short term timelines on realisation of new capacity our long-term growth targets remain intact." said Scatec Solar's CEO, Raymond Carlsen.
Antwort auf Beitrag Nr.: 52.914.991 von R-BgO am 26.07.16 09:28:14
KGV 49
KBV 4,1
EKR 9%
Divi 1,9%
Muss man aber m.E. auf jeden Fall haben, weil sie so breit unterwegs sind wie kein anderer (außer vielleicht FSLR, SPWR, SUNE, GLBL - die aber niemanden reingucken lassen):
Ägypten
Bangladesh
Brasilien
Honduras
Iran
Jordanien
Kenia
Mali
Mexico
Mosambik
Nigeria
Pakistan
Ruanda
Südafrika
Tschechien
USA
CMD-Präsentation absolut lesenswert: http://www.scatecsolar.com/content/download/363/8416/version…
Ansichtsstücke geholt;
Bewertung teuer:KGV 49
KBV 4,1
EKR 9%
Divi 1,9%
Muss man aber m.E. auf jeden Fall haben, weil sie so breit unterwegs sind wie kein anderer (außer vielleicht FSLR, SPWR, SUNE, GLBL - die aber niemanden reingucken lassen):
Ägypten
Bangladesh
Brasilien
Honduras
Iran
Jordanien
Kenia
Mali
Mexico
Mosambik
Nigeria
Pakistan
Ruanda
Südafrika
Tschechien
USA
CMD-Präsentation absolut lesenswert: http://www.scatecsolar.com/content/download/363/8416/version…
Antwort auf Beitrag Nr.: 52.916.110 von R-BgO am 26.07.16 11:21:00
mit floating rate, aktuell 7,52%;
leider mit 500k NOK Kindersicherung und extrem dünnem Handel
Es gibt auch einen Bond:
https://kunde.comdirect.de/inf/anleihen/detail/chart.html?RE…mit floating rate, aktuell 7,52%;
leider mit 500k NOK Kindersicherung und extrem dünnem Handel
Scatec snaps up Nigerian solar
100MW Nova Scotia plant expected to reach financial close next year
Scatec Solar has acquired the 100MW Nova Scotia solar plant in Jigawa State in Nigeria from Canadian developer CDIL and Nigerian consultancy BPS.
Solar will develop, build, own and operate the solar power plant, which is expected to reach financial close in 2017 and commercial operations 12 months later.
The project has a 20-year power purchase agreement with the Nigerian Bulk Electricity Trading, which was signed in July.
Scatec Solar chief executive Raymond Carlsen said: “With the quality of its site, development standards and equity funded by Scatec Solar and its partners, the project is ideally positioned to progress rapidly to financial close.”
100MW Nova Scotia plant expected to reach financial close next year
Scatec Solar has acquired the 100MW Nova Scotia solar plant in Jigawa State in Nigeria from Canadian developer CDIL and Nigerian consultancy BPS.
Solar will develop, build, own and operate the solar power plant, which is expected to reach financial close in 2017 and commercial operations 12 months later.
The project has a 20-year power purchase agreement with the Nigerian Bulk Electricity Trading, which was signed in July.
Scatec Solar chief executive Raymond Carlsen said: “With the quality of its site, development standards and equity funded by Scatec Solar and its partners, the project is ideally positioned to progress rapidly to financial close.”
Antwort auf Beitrag Nr.: 52.916.110 von R-BgO am 26.07.16 11:21:00
Kurs scheint unter dem SPWR-Debakel gelitten zu haben...
heute aufgestockt zu 3,49
Scatec sells 104MW Utah plant to Macquarie
By John Parnell Oct 03, 2016
Scatec Solar has sold its interest in the Utah Red Hills solar plant to a subsidiary of the Macquarie Infrastructure Corporation (MIC).
The Norwegian company said it had received US$28 million for the sponsor equity it invested in the project.
"We have over the last six months conducted a broad sales process,” said Raymond Carlsen, CEO, Scatec Solar. “This transaction confirms the solid underlying value of Scatec Solar's assets and we will redeploy the capital into new and attractive growth markets. We are actively pursuing a growth strategy with a clear-cut focus on developing utility-scale solar plants in emerging markets," he added.
According to the company’s website, a 20MW project in the Czech Republic is its sole remaining interest outside of emerging markets.
The 104MW Utah Red Hills plant was the first utility-scale system in the state. It was financed with US$188 million of investment with Google providing tax equity, Prudential Capital Group offering debt financing and Scatec’s sponsor funding.
Scatec Solar and Google owned the site through a partnership with the former managing and operating the plant.
The deal with MIC Renewable Energy Holdings is expected to close before the end of the year.
By John Parnell Oct 03, 2016
Scatec Solar has sold its interest in the Utah Red Hills solar plant to a subsidiary of the Macquarie Infrastructure Corporation (MIC).
The Norwegian company said it had received US$28 million for the sponsor equity it invested in the project.
"We have over the last six months conducted a broad sales process,” said Raymond Carlsen, CEO, Scatec Solar. “This transaction confirms the solid underlying value of Scatec Solar's assets and we will redeploy the capital into new and attractive growth markets. We are actively pursuing a growth strategy with a clear-cut focus on developing utility-scale solar plants in emerging markets," he added.
According to the company’s website, a 20MW project in the Czech Republic is its sole remaining interest outside of emerging markets.
The 104MW Utah Red Hills plant was the first utility-scale system in the state. It was financed with US$188 million of investment with Google providing tax equity, Prudential Capital Group offering debt financing and Scatec’s sponsor funding.
Scatec Solar and Google owned the site through a partnership with the former managing and operating the plant.
The deal with MIC Renewable Energy Holdings is expected to close before the end of the year.
Scatec Solar signs PPA for Mozambique’s first large-scale solar plant
By Danielle Ola Nov 01, 2016
The project is a result of an ongoing partnership between the governments of Norway and Mozambique. The Norwegian government has provided economic support and technical expertise to the energy sector in Mozambique for several years.
Scatec Solar and Norwegian private equity firm KLP Norfund Investments have signed a 25-year PPA for a 40MW solar PV plant in Mozambique - the country’s first large-scale solar plant.
The US$80 million plant is located in the Zambézia Province and is expected to deliver 77,000MWh per year to the northern regions of Mozambique and enough clean energy to power around 175,000 homes.
Equity for the project was supplied by Scatec Solar (52.5%), Norfund (22.5%) and EDM (25%). The International Finance Corporation (IFC) and the Emerging Africa Infrastructure Fund intend to provide project finance debt. The parties are expecting financial close and solar plant construction to start in the first quarter of 2017.
“This is an excellent example of how private public partnerships can deliver renewable energy and support further economic growth in Mozambique. EDM and the government of Mozambique have demonstrated strong leadership in taking this project forward and it paves the way for further investments in renewable energy in the country,” said Scatec Solar CEO Raymond Carlsen, in a statement.
“Access to reliable energy is a prerequisite for development. Only 3% of the world’s electricity is generated in Africa, although 15% of the world’s population lives here. Clean energy is a focus investment area for Norfund, and we appreciate being a partner in this first independent solar power producer project in Mozambique together with EDM and Scatec Solar,” added Norfund CEO Kjell Roland.
By Danielle Ola Nov 01, 2016
The project is a result of an ongoing partnership between the governments of Norway and Mozambique. The Norwegian government has provided economic support and technical expertise to the energy sector in Mozambique for several years.
Scatec Solar and Norwegian private equity firm KLP Norfund Investments have signed a 25-year PPA for a 40MW solar PV plant in Mozambique - the country’s first large-scale solar plant.
The US$80 million plant is located in the Zambézia Province and is expected to deliver 77,000MWh per year to the northern regions of Mozambique and enough clean energy to power around 175,000 homes.
Equity for the project was supplied by Scatec Solar (52.5%), Norfund (22.5%) and EDM (25%). The International Finance Corporation (IFC) and the Emerging Africa Infrastructure Fund intend to provide project finance debt. The parties are expecting financial close and solar plant construction to start in the first quarter of 2017.
“This is an excellent example of how private public partnerships can deliver renewable energy and support further economic growth in Mozambique. EDM and the government of Mozambique have demonstrated strong leadership in taking this project forward and it paves the way for further investments in renewable energy in the country,” said Scatec Solar CEO Raymond Carlsen, in a statement.
“Access to reliable energy is a prerequisite for development. Only 3% of the world’s electricity is generated in Africa, although 15% of the world’s population lives here. Clean energy is a focus investment area for Norfund, and we appreciate being a partner in this first independent solar power producer project in Mozambique together with EDM and Scatec Solar,” added Norfund CEO Kjell Roland.
Scatec Solar secures 150 MW in Brazil
Stock Exchange Notice
Oslo, December 6, 2016:
Scatec Solar has signed an agreement with the Brazilian company Kroma Energia Ltda. and its partners ("Kroma"), securing four PV plants totalling 150 MW (DC) co-located in the state of Ceará in Brazil.
The projects were bid and won by Kroma in the auction process held by ANEEL, the Brazilian Electricity Regulatory Agency, in November 2015. The project companies have 20-year Power Purchase Agreements (PPAs) with ANEEL and are expected to produce about 305,000 MWh annually, generating revenues of about BRL 95 million per year (USD 28 million). The PPAs stipulate that the plants shall be in commercial operation within the fourth quarter 2018.
"With these projects, we are securing a strong foothold in Brazil, a large and growing solar market. We see positive developments in the Brazilian economy and continued government support for renewables," said Raymond Carlsen, CEO of Scatec Solar.
Brazil is targeting to further expand its Renewable Energy Program. PPAs have already been awarded to wind power projects totalling nearly 12 GW. Over the past one and a half years, approximately 3 GW of solar projects have been awarded in three consecutive utility scale solar auctions. The government plans to award another 7 GW by 2024.
Scatec Solar ASA will build, own and operate the power plants in Ceará. Total capital expenditure to realise the plants are estimated at BRL 720 million (USD 212 million) and construction is expected to start in 2017.
Scatec Solar has decided not to move forward with two backlog projects totalling 78 MW in Brazil. This is due to the more attractive return expectations and a more flexible timeline for executing the new projects.
Stock Exchange Notice
Oslo, December 6, 2016:
Scatec Solar has signed an agreement with the Brazilian company Kroma Energia Ltda. and its partners ("Kroma"), securing four PV plants totalling 150 MW (DC) co-located in the state of Ceará in Brazil.
The projects were bid and won by Kroma in the auction process held by ANEEL, the Brazilian Electricity Regulatory Agency, in November 2015. The project companies have 20-year Power Purchase Agreements (PPAs) with ANEEL and are expected to produce about 305,000 MWh annually, generating revenues of about BRL 95 million per year (USD 28 million). The PPAs stipulate that the plants shall be in commercial operation within the fourth quarter 2018.
"With these projects, we are securing a strong foothold in Brazil, a large and growing solar market. We see positive developments in the Brazilian economy and continued government support for renewables," said Raymond Carlsen, CEO of Scatec Solar.
Brazil is targeting to further expand its Renewable Energy Program. PPAs have already been awarded to wind power projects totalling nearly 12 GW. Over the past one and a half years, approximately 3 GW of solar projects have been awarded in three consecutive utility scale solar auctions. The government plans to award another 7 GW by 2024.
Scatec Solar ASA will build, own and operate the power plants in Ceará. Total capital expenditure to realise the plants are estimated at BRL 720 million (USD 212 million) and construction is expected to start in 2017.
Scatec Solar has decided not to move forward with two backlog projects totalling 78 MW in Brazil. This is due to the more attractive return expectations and a more flexible timeline for executing the new projects.
Antwort auf Beitrag Nr.: 53.836.193 von R-BgO am 06.12.16 14:36:55Scatec Solar partners to build 200 MW PV in Malaysia
13.12.2016 Stock Exchange Notice
Oslo, December 13, 2016:
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 USD 300 million. Located in Merchang in the north, Jasin in the south and Gurun in the west of Peninsular Malaysia, the three photovoltaic solar parks cover more than 200 acres each.
Scatec Solar expects to invest about USD 60 million through preference shares partly convertible to a 49% equity ownership in the projects. The investment expects to provide long term stable cash flows and to meet Scatec Solar's investment hurdle rates. The agreement with the Malaysian consortium includes Scatec Solar acting in its well-known integrated role, including undertaking the turnkey EPC for the projects.
"This is a landmark opportunity to bring our wide-ranging expertise to realize the largest solar energy portfolio in South East Asia. For Scatec Solar and our partners, this is a stepping stone to enter one of the most dynamic and fast growing regions of the world'' said Raymond Carlsen, CEO of Scatec Solar.
Headquartered in Kuala Lumpur, ItraMAS, a Malaysian LED lighting and traffic management and construction engineering company, is the lead sponsor of the three solar projects and signed the PPA on behalf of the local consortium that includes two other Malaysian companies, Maltech and Cam Lite.
CIMB, Malaysia's second largest commercial bank, has been appointed to arrange the non-recourse project debt financing for the three projects. All development, financing and project implementation preparatory activities are currently underway to reach timely financial close with the construction expected to begin immediately thereafter.
Welcoming the co-development of the projects by Scatec Solar, Choo Boo Lee, CEO of ItraMAS said ''This is a significant achievement for Malaysia and the solar industry in the region as these projects will help develop local supply chains and uplift local communities''. Malaysia is already a major manufacturing hub for Chinese solar energy equipment.
The three solar projects are expected to generate 285,000 MWh of electricity per year. The clean solar electricity will avoid 210,000 tons of carbon emissions per year, taking Malaysia closer to achieving its promised emission cuts under the Paris Climate Agreement.
Scatec Solar is a leading developer and owner of large scale solar in Africa, Europe, Middle East and the Americas. Over the last few weeks the company has secured a 20 year PPA for 150 MW in Brazil and a 25 year PPA for a 40 MW solar plant in Mozambique. With the announcement of the partnership in Malaysia, Scatec Solar's project backlog now stands at 731 MW, and is well on track to reach its target of having 1.3 - 1.5 GW in operation and under construction by the end of 2018.
13.12.2016 Stock Exchange Notice
Oslo, December 13, 2016:
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 USD 300 million. Located in Merchang in the north, Jasin in the south and Gurun in the west of Peninsular Malaysia, the three photovoltaic solar parks cover more than 200 acres each.
Scatec Solar expects to invest about USD 60 million through preference shares partly convertible to a 49% equity ownership in the projects. The investment expects to provide long term stable cash flows and to meet Scatec Solar's investment hurdle rates. The agreement with the Malaysian consortium includes Scatec Solar acting in its well-known integrated role, including undertaking the turnkey EPC for the projects.
"This is a landmark opportunity to bring our wide-ranging expertise to realize the largest solar energy portfolio in South East Asia. For Scatec Solar and our partners, this is a stepping stone to enter one of the most dynamic and fast growing regions of the world'' said Raymond Carlsen, CEO of Scatec Solar.
Headquartered in Kuala Lumpur, ItraMAS, a Malaysian LED lighting and traffic management and construction engineering company, is the lead sponsor of the three solar projects and signed the PPA on behalf of the local consortium that includes two other Malaysian companies, Maltech and Cam Lite.
CIMB, Malaysia's second largest commercial bank, has been appointed to arrange the non-recourse project debt financing for the three projects. All development, financing and project implementation preparatory activities are currently underway to reach timely financial close with the construction expected to begin immediately thereafter.
Welcoming the co-development of the projects by Scatec Solar, Choo Boo Lee, CEO of ItraMAS said ''This is a significant achievement for Malaysia and the solar industry in the region as these projects will help develop local supply chains and uplift local communities''. Malaysia is already a major manufacturing hub for Chinese solar energy equipment.
The three solar projects are expected to generate 285,000 MWh of electricity per year. The clean solar electricity will avoid 210,000 tons of carbon emissions per year, taking Malaysia closer to achieving its promised emission cuts under the Paris Climate Agreement.
Scatec Solar is a leading developer and owner of large scale solar in Africa, Europe, Middle East and the Americas. Over the last few weeks the company has secured a 20 year PPA for 150 MW in Brazil and a 25 year PPA for a 40 MW solar plant in Mozambique. With the announcement of the partnership in Malaysia, Scatec Solar's project backlog now stands at 731 MW, and is well on track to reach its target of having 1.3 - 1.5 GW in operation and under construction by the end of 2018.
Antwort auf Beitrag Nr.: 53.891.991 von R-BgO am 14.12.16 16:42:28sie sind echt fleißig zum Jahresende:
New investors join Scatec Solar to develop the 100 MW Nova Scotia solar project in Nigeria
19.12.2016 Stock Exchange Notice
Abuja, Nigeria, December 19, 2016: Scatec Solar has signed a Joint Development Agreement (JDA) with Africa50, an African Infrastructure Fund sponsored by the African Development Bank and more than 20 African States and Norfund (the Norwegian Investment Fund for Development Countries), securing investment into the 100 MW (DC) Nova Scotia Power plant located in Dutse in the Northern Nigerian state of Jigawa. The project has the potential to significantly contribute to the plan of the authorities of the State of Jigawa to attract USD 2 billion of investments into Jigawa and implement Nigerian President Muhammadu Buhari's plans to provide jobs and economic opportunities especially for the nation's youth.
The signing ceremony of the JDA was held in the presence of Børge Brende, the visiting Norwegian Foreign Minister, His Excellency, Barrister Ibrahim Hassan Hadejia, Deputy Governor of Jigawa State, as well as officials from the Nigerian Bulk Electricity Trading among others. "New local power generation capacity is a key element to attract sizeable investment into the State and region, especially into new industries such as light manufacturing and agricultural processing" said His Excellency the Deputy Governor.
"The formation of this consortium is a strong symbol of the Norwegian and Nigerian commitment to invest in clean energy in Nigeria. With the Government of Norway taking a direct investment role through Norfund, significant regional and Nigerian ownership through Africa50, and the track-record of Scatec Solar, this offers one of the most solid partnerships for solar PV projects globally," said Executive Vice President Terje Pilskog who signed the JDA on behalf of Scatec Solar.
"I am pleased that Africa50 is already making its first investment, which fits in squarely with our priority to light up and power Africa," said Dr. Akinwumi Adesina, President of the African Development Bank (AfDB) and Chairman of Africa50's Board of Directors. Africa50 has been created by African governments, including Nigeria, the African Development Bank and institutional investors to mobilize private sector for funding infrastructure projects in Africa. Alain Ebobisse, Africa50's CEO noted: "Access to reliable energy is one of the most critical needs in Africa, including in Nigeria, where it is a government priority. I look forward to deepening the relationship with the authorities of Nigeria, one of our key shareholder countries, and to supporting more projects in this and other infrastructure sectors."
Apart from the three equity investors, the American Overseas Private Investment Corporation (OPIC), Islamic Development Bank and the African Development Bank are expected to be senior debt providers for the project. International Finance institutions say the key to successful investment is the Nigerian state's issue of project documents that provides necessary investor confidence and the formulation of a clear roadmap to sustainability in the energy sector.
With an estimated investment of USD 150 million, a production of 200,000 MWh of electricity per year and 120,000 tons of CO2 emissions avoided annually, the Nova Scotia solar plant will help Nigeria rapidly increase its generation capacity, provide economic opportunities, fight desertification caused by climate change, and contribute to fulfilling Nigerian President Muhammadu Buhari's commitments to develop renewable energy as part of the Paris Climate Change Agreement.
In July, the Nova Scotia project signed a 20-year PPA with Nigerian Bulk Electricity Trading (NBET). Located on 200 hectares of land, the project has strong fundamentals with high solar resources and direct access to the transmission grid through a simple connection route. The consortium will continue to work with CDIL, a Canadian renewable energy development company focused on Africa, and BPS, a Nigerian strategic consulting, to move the project from "pipeline" and achieve financial close in 2017 and commercial operations in 2018.
Nigeria is Africa's largest and the world's 26th biggest economy. With Nigeria's per capita electricity consumption at 155 kwh, one of the lowest in the world, there is a huge need to increase power production in order to expand and diversify the Nigerian economy.
New investors join Scatec Solar to develop the 100 MW Nova Scotia solar project in Nigeria
19.12.2016 Stock Exchange Notice
Abuja, Nigeria, December 19, 2016: Scatec Solar has signed a Joint Development Agreement (JDA) with Africa50, an African Infrastructure Fund sponsored by the African Development Bank and more than 20 African States and Norfund (the Norwegian Investment Fund for Development Countries), securing investment into the 100 MW (DC) Nova Scotia Power plant located in Dutse in the Northern Nigerian state of Jigawa. The project has the potential to significantly contribute to the plan of the authorities of the State of Jigawa to attract USD 2 billion of investments into Jigawa and implement Nigerian President Muhammadu Buhari's plans to provide jobs and economic opportunities especially for the nation's youth.
The signing ceremony of the JDA was held in the presence of Børge Brende, the visiting Norwegian Foreign Minister, His Excellency, Barrister Ibrahim Hassan Hadejia, Deputy Governor of Jigawa State, as well as officials from the Nigerian Bulk Electricity Trading among others. "New local power generation capacity is a key element to attract sizeable investment into the State and region, especially into new industries such as light manufacturing and agricultural processing" said His Excellency the Deputy Governor.
"The formation of this consortium is a strong symbol of the Norwegian and Nigerian commitment to invest in clean energy in Nigeria. With the Government of Norway taking a direct investment role through Norfund, significant regional and Nigerian ownership through Africa50, and the track-record of Scatec Solar, this offers one of the most solid partnerships for solar PV projects globally," said Executive Vice President Terje Pilskog who signed the JDA on behalf of Scatec Solar.
"I am pleased that Africa50 is already making its first investment, which fits in squarely with our priority to light up and power Africa," said Dr. Akinwumi Adesina, President of the African Development Bank (AfDB) and Chairman of Africa50's Board of Directors. Africa50 has been created by African governments, including Nigeria, the African Development Bank and institutional investors to mobilize private sector for funding infrastructure projects in Africa. Alain Ebobisse, Africa50's CEO noted: "Access to reliable energy is one of the most critical needs in Africa, including in Nigeria, where it is a government priority. I look forward to deepening the relationship with the authorities of Nigeria, one of our key shareholder countries, and to supporting more projects in this and other infrastructure sectors."
Apart from the three equity investors, the American Overseas Private Investment Corporation (OPIC), Islamic Development Bank and the African Development Bank are expected to be senior debt providers for the project. International Finance institutions say the key to successful investment is the Nigerian state's issue of project documents that provides necessary investor confidence and the formulation of a clear roadmap to sustainability in the energy sector.
With an estimated investment of USD 150 million, a production of 200,000 MWh of electricity per year and 120,000 tons of CO2 emissions avoided annually, the Nova Scotia solar plant will help Nigeria rapidly increase its generation capacity, provide economic opportunities, fight desertification caused by climate change, and contribute to fulfilling Nigerian President Muhammadu Buhari's commitments to develop renewable energy as part of the Paris Climate Change Agreement.
In July, the Nova Scotia project signed a 20-year PPA with Nigerian Bulk Electricity Trading (NBET). Located on 200 hectares of land, the project has strong fundamentals with high solar resources and direct access to the transmission grid through a simple connection route. The consortium will continue to work with CDIL, a Canadian renewable energy development company focused on Africa, and BPS, a Nigerian strategic consulting, to move the project from "pipeline" and achieve financial close in 2017 and commercial operations in 2018.
Nigeria is Africa's largest and the world's 26th biggest economy. With Nigeria's per capita electricity consumption at 155 kwh, one of the lowest in the world, there is a huge need to increase power production in order to expand and diversify the Nigerian economy.
FOURTH QUARTER RESULTS - STRONG GROWTH IN PROJECT BACKLOG
Oslo, January 27, 2017:
Scatec Solar added 309 MW to the project backlog this quarter with new projects in Malaysia, Brazil and Mozambique. With these additions the total backlog reached 731 MW.
Consolidated revenues reached NOK 363 million, up from 267 million in the same period last year and up from NOK 281 million in the previous quarter. EBITDA reached NOK 294 million, up from NOK 215 million last year and up from NOK 222 million in the previous quarter. The increased revenues quarter on quarter reflect seasonally higher production in South Africa, partly offset by lower production in the other markets.
Power production reached 204 GWh in the fourth quarter, up 35% from same quarter last year with grid connection of new plants in Jordan and USA, and down 8% from previous quarter due to seasonally lower production in USA and Jordan, partly offset by seasonally higher production in South Africa.
During the fourth quarter, Scatec Solar closed the sale of the Utah Red Hills plant with a net gain on consolidated basis of NOK 67 million and cash proceeds of NOK 230 million.
For the full year 2016 consolidated revenues reached NOK 1,085 million, up from 881 million in 2015 and EBITDA reached NOK 833 million, up from NOK 698 million last year.
"2016 has been another good year for Scatec Solar. We have delivered stable operations, grid connections of new solar plants and further developed our project pipeline and backlog. We continue to see attractive market opportunities globally and with a backlog of 731 MW we are looking forward to busy times ahead", says Scatec Solar's CEO, Raymond Carlsen.
Scatec Solar develops, builds, owns and operates large scale solar power plants. Scatec Solar's proportionate share of cash flow to equity across these business activities reached NOK 23 million in the fourth quarter 2016, compared to NOK 29 million in the previous quarter. For the year 2016 Scatec Solar's proportionate share of cash flow to equity from Power Production and O&M reached NOK 172 million.
After the sale of the Utah Red Hills plant, Scatec Solar's project portfolio stands at 322 MW with a project backlog of 731 MW and a project pipeline comprising projects with a combined capacity of 1,085 MW.
Oslo, January 27, 2017:
Scatec Solar added 309 MW to the project backlog this quarter with new projects in Malaysia, Brazil and Mozambique. With these additions the total backlog reached 731 MW.
Consolidated revenues reached NOK 363 million, up from 267 million in the same period last year and up from NOK 281 million in the previous quarter. EBITDA reached NOK 294 million, up from NOK 215 million last year and up from NOK 222 million in the previous quarter. The increased revenues quarter on quarter reflect seasonally higher production in South Africa, partly offset by lower production in the other markets.
Power production reached 204 GWh in the fourth quarter, up 35% from same quarter last year with grid connection of new plants in Jordan and USA, and down 8% from previous quarter due to seasonally lower production in USA and Jordan, partly offset by seasonally higher production in South Africa.
During the fourth quarter, Scatec Solar closed the sale of the Utah Red Hills plant with a net gain on consolidated basis of NOK 67 million and cash proceeds of NOK 230 million.
For the full year 2016 consolidated revenues reached NOK 1,085 million, up from 881 million in 2015 and EBITDA reached NOK 833 million, up from NOK 698 million last year.
"2016 has been another good year for Scatec Solar. We have delivered stable operations, grid connections of new solar plants and further developed our project pipeline and backlog. We continue to see attractive market opportunities globally and with a backlog of 731 MW we are looking forward to busy times ahead", says Scatec Solar's CEO, Raymond Carlsen.
Scatec Solar develops, builds, owns and operates large scale solar power plants. Scatec Solar's proportionate share of cash flow to equity across these business activities reached NOK 23 million in the fourth quarter 2016, compared to NOK 29 million in the previous quarter. For the year 2016 Scatec Solar's proportionate share of cash flow to equity from Power Production and O&M reached NOK 172 million.
After the sale of the Utah Red Hills plant, Scatec Solar's project portfolio stands at 322 MW with a project backlog of 731 MW and a project pipeline comprising projects with a combined capacity of 1,085 MW.
24 March, 2017
Reference is made to the stock exchange announcement release from Scatec Solar ASA ("SSO" or the "Company") published yesterday regarding the contemplated private placement of new shares in the Company.
The Company has raised approximately NOK 380 million in gross proceeds through a private placement consisting of 9,380,000 new shares (the "New Shares") at a price of NOK 40.50 per share (the "Private Placement").
The Private Placement took place through an accelerated bookbuilding process after close of markets yesterday. The Private Placement attracted strong interest from both existing shareholders as well as new high quality institutional investors, and was significantly oversubscribed.
The net proceeds from the Private Placement will be used to fund the equity portion of investments in backlog and pipeline projects on top of the Company's current self-funded growth capacity, further supporting the Company's growth.
The share issue has been carried out as a Private Placement in order to take advantage of the current market conditions. The Company believes it is well positioned for further profitable growth, which forms the background for carrying out the Private Placement and strengthening its equity capital. The board of directors of the Company has considered different transaction alternatives and concluded that the Private Placement structure would best attend to the common interest of the Company and its shareholders. Taking into consideration inter alia limited discount, size of placement, utilisation of market conditions, pre-announced and broadly marketed placement, transaction risk, costs, as well as dilution effects, the board of directors has, after thorough assessments found that there are sufficient and objective grounds for setting aside existing shareholders pre-emptive rights to subscribe for shares.
The New Shares will be issued based on a board authorisation given by the Annual General Meeting held 4 May 2016. The New Shares will be settled through a delivery versus payment transaction on a regular t+2 basis by delivery of existing and unencumbered shares in the Company that are already listed on the Oslo Stock Exchange pursuant to a share lending agreement between the Company, the Managers and Scatec AS.
Reference is made to the stock exchange announcement release from Scatec Solar ASA ("SSO" or the "Company") published yesterday regarding the contemplated private placement of new shares in the Company.
The Company has raised approximately NOK 380 million in gross proceeds through a private placement consisting of 9,380,000 new shares (the "New Shares") at a price of NOK 40.50 per share (the "Private Placement").
The Private Placement took place through an accelerated bookbuilding process after close of markets yesterday. The Private Placement attracted strong interest from both existing shareholders as well as new high quality institutional investors, and was significantly oversubscribed.
The net proceeds from the Private Placement will be used to fund the equity portion of investments in backlog and pipeline projects on top of the Company's current self-funded growth capacity, further supporting the Company's growth.
The share issue has been carried out as a Private Placement in order to take advantage of the current market conditions. The Company believes it is well positioned for further profitable growth, which forms the background for carrying out the Private Placement and strengthening its equity capital. The board of directors of the Company has considered different transaction alternatives and concluded that the Private Placement structure would best attend to the common interest of the Company and its shareholders. Taking into consideration inter alia limited discount, size of placement, utilisation of market conditions, pre-announced and broadly marketed placement, transaction risk, costs, as well as dilution effects, the board of directors has, after thorough assessments found that there are sufficient and objective grounds for setting aside existing shareholders pre-emptive rights to subscribe for shares.
The New Shares will be issued based on a board authorisation given by the Annual General Meeting held 4 May 2016. The New Shares will be settled through a delivery versus payment transaction on a regular t+2 basis by delivery of existing and unencumbered shares in the Company that are already listed on the Oslo Stock Exchange pursuant to a share lending agreement between the Company, the Managers and Scatec AS.
Big step forward for Egyptian solar as Scatec signs 400MW PPAs
By John Parnell Apr 18, 2017
Egypt’s solar market took a big step forward with the signing of 400MW of PPAs by Scatec Solar and its partners.
The gloss had been removed from a successful tendering round that saw projects awarded totalling 1.5GW of new capacity under its feed-in tariff scheme. These were stalled over a disagreement regarding where arbitration of these contracts should take place, with the Cairo government keen to see this remain in Egypt. Enel Green Power was among the winning parties who stalled work on the projects as a result.
Scatec and a number of other investors began work on a compromise deal that was eventually secured in September. An offshore seat of arbitration was exchanged for a reduction in the agreed FiT. Projects between 500kW and 20MW were reduced from US$0.136/kWh to US$0.0788/kWh and those from 20MW-50MW from US$0.1434/kWh to US$0.084/kWh.
Scatec signed contracts for six projects that it will build, own and operate.
“With this programme the Government of Egypt is making important steps towards accessing clean and low cost electricity to drive development and economic prosperity. Scatec Solar and partners are making significant investments and long term commitment to Egypt,” said Raymond Carlsen, CEO, Scatec Solar.
The company will invest US$50-70 million of the US$450 million required with local partners and KLP NorFund also taking equity. The European Bank for Reconstruction and Development (EBRD) is leading a consortium providing US$350 million of debt for the projects.
The Middle East Solar Industry Association (MESIA) has predicted a 4GW pipeline for the MENA region in 2017 with Egypt making a major contribution to that tally.
By John Parnell Apr 18, 2017
Egypt’s solar market took a big step forward with the signing of 400MW of PPAs by Scatec Solar and its partners.
The gloss had been removed from a successful tendering round that saw projects awarded totalling 1.5GW of new capacity under its feed-in tariff scheme. These were stalled over a disagreement regarding where arbitration of these contracts should take place, with the Cairo government keen to see this remain in Egypt. Enel Green Power was among the winning parties who stalled work on the projects as a result.
Scatec and a number of other investors began work on a compromise deal that was eventually secured in September. An offshore seat of arbitration was exchanged for a reduction in the agreed FiT. Projects between 500kW and 20MW were reduced from US$0.136/kWh to US$0.0788/kWh and those from 20MW-50MW from US$0.1434/kWh to US$0.084/kWh.
Scatec signed contracts for six projects that it will build, own and operate.
“With this programme the Government of Egypt is making important steps towards accessing clean and low cost electricity to drive development and economic prosperity. Scatec Solar and partners are making significant investments and long term commitment to Egypt,” said Raymond Carlsen, CEO, Scatec Solar.
The company will invest US$50-70 million of the US$450 million required with local partners and KLP NorFund also taking equity. The European Bank for Reconstruction and Development (EBRD) is leading a consortium providing US$350 million of debt for the projects.
The Middle East Solar Industry Association (MESIA) has predicted a 4GW pipeline for the MENA region in 2017 with Egypt making a major contribution to that tally.
so sieht also der Wettbewerb aus:
Zambia’s IDC prequalifies 12 bidders for 300MW solar auction
https://www.pv-tech.org/news/zambias-idc-prequalifies-12-bid…
By Tom Kenning Jun 06, 2017
A total of 12 bidders have been prequalified following the Request for Qualifications (RFQ) for Zambia’s second round of Scaling Solar tenders for up to 300MW of PV projects.
The initial RfQ attracted 21 submissions, but after an evaluation process, just 12 prequalified players have been announced by Zambian State-run firm the Industrial Development Corporation Limited (IDC):
Scatec Solar
Nareva Holding
Acciona Energia, Swicorp, Enara Bahrain
Acces Eren, JGC Zambia
Mitsui
Engie
Tata Power
Neoen, First Solar
Total, Mulilo Zambia
EDF Energies Nouvelles
A Request for Proposal (RFP) document will soon be sent to the prequalified bidders. When Round 2 was announced in March, IDC envisioned 150-250MW to be awarded, but it has now raised this expectation to up to 300MW.
The first ‘Scaling Solar’ round for 100MW in Zambia, facilitated last June by International Finance Corporation (IFC), an arm of the World Bank, saw a new benchmark for low-cost solar power in Sub-Saharan Africa in June. The winners of the auction were Neoen and First Solar, who jointly bid at just US$0.0602/kWh.
To make up the full overall Scaling Solar target of 600MW a third tender will follow round 2.
Zambia’s IDC prequalifies 12 bidders for 300MW solar auction
https://www.pv-tech.org/news/zambias-idc-prequalifies-12-bid…
By Tom Kenning Jun 06, 2017
A total of 12 bidders have been prequalified following the Request for Qualifications (RFQ) for Zambia’s second round of Scaling Solar tenders for up to 300MW of PV projects.
The initial RfQ attracted 21 submissions, but after an evaluation process, just 12 prequalified players have been announced by Zambian State-run firm the Industrial Development Corporation Limited (IDC):
Scatec Solar
Nareva Holding
Acciona Energia, Swicorp, Enara Bahrain
Acces Eren, JGC Zambia
Mitsui
Engie
Tata Power
Neoen, First Solar
Total, Mulilo Zambia
EDF Energies Nouvelles
A Request for Proposal (RFP) document will soon be sent to the prequalified bidders. When Round 2 was announced in March, IDC envisioned 150-250MW to be awarded, but it has now raised this expectation to up to 300MW.
The first ‘Scaling Solar’ round for 100MW in Zambia, facilitated last June by International Finance Corporation (IFC), an arm of the World Bank, saw a new benchmark for low-cost solar power in Sub-Saharan Africa in June. The winners of the auction were Neoen and First Solar, who jointly bid at just US$0.0602/kWh.
To make up the full overall Scaling Solar target of 600MW a third tender will follow round 2.
Antwort auf Beitrag Nr.: 54.179.171 von R-BgO am 27.01.17 11:22:11Published: 07:00 CEST 21-07-2017 /GlobeNewswire /Source: Scatec Solar ASA / : SSO /ISIN: NO0010715139
Second quarter results - ready to harvest project backlog
Oslo, July 21, 2017:
Scatec Solar's second quarter consolidated revenues reached NOK 279 million, up from 213 million in the same period last year. Consolidated EBITDA reached NOK 217 million, up from NOK 153 million last year. The year on year increase in revenues and EBITDA is mainly explained by better solar irradiation, additional revenues from the new plants in Jordan and a strengthening of ZAR/NOK of 17%.
Scatec Solar's proportionate share of revenues reached NOK 165 million, down from 437 million in the same period last year. The proportionate EBITDA reached NOK 100 million in line with the same period last year. Cash flow to equity across all business activities reached NOK 20 million in the second quarter, compared to NOK 31 million in the same period last year.
Power production reached 147 GWh in the second quarter, up 24% from same quarter last year, excluding divestments, and down 6% from previous quarter due to seasonally lower production in South Africa.
"We have made significant progress on the 1,143 MW project backlog over the last few months and several projects are approaching financial close. With these projects, we are set to strengthen our position as a leading emerging market focused IPP. With technology innovation and cost reductions in the industry we are exploring additional partnerships and new business models that will allow us to add to our growth opportunities ", says Scatec Solar's CEO, Raymond Carlsen.
Second quarter results - ready to harvest project backlog
Oslo, July 21, 2017:
Scatec Solar's second quarter consolidated revenues reached NOK 279 million, up from 213 million in the same period last year. Consolidated EBITDA reached NOK 217 million, up from NOK 153 million last year. The year on year increase in revenues and EBITDA is mainly explained by better solar irradiation, additional revenues from the new plants in Jordan and a strengthening of ZAR/NOK of 17%.
Scatec Solar's proportionate share of revenues reached NOK 165 million, down from 437 million in the same period last year. The proportionate EBITDA reached NOK 100 million in line with the same period last year. Cash flow to equity across all business activities reached NOK 20 million in the second quarter, compared to NOK 31 million in the same period last year.
Power production reached 147 GWh in the second quarter, up 24% from same quarter last year, excluding divestments, and down 6% from previous quarter due to seasonally lower production in South Africa.
"We have made significant progress on the 1,143 MW project backlog over the last few months and several projects are approaching financial close. With these projects, we are set to strengthen our position as a leading emerging market focused IPP. With technology innovation and cost reductions in the industry we are exploring additional partnerships and new business models that will allow us to add to our growth opportunities ", says Scatec Solar's CEO, Raymond Carlsen.
in Pakistan bieten sie sub-6c: https://www.pv-tech.org/news/scatec-and-nizam-request-sub-6-…
Published: 07:59 CEST 04-10-2017 /GlobeNewswire /Source: Scatec Solar ASA / : SSO /ISIN: NO0010715139
Scatec Solar and Statoil to establish partnership in Brazil
Oslo, October 4, 2017:
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 Venture has an ambition to become a significant player in the Brazilian solar market.
"The potential for solar energy in Brazil is substantial and together with Statoil we are increasing our ambitions further in this market. We are bringing into the partnership a strong track record as an integrated independent solar power producer, while Statoil has a strong engagement and experience from Brazil through its other energy activities," says Raymond Carlsen, CEO of Scatec Solar.
As the first step of the agreement Statoil secures a 40% equity position in Scatec Solar's existing 162 MW Apodi project. This project was awarded in the auction process held by ANEEL, the Brazilian Electricity Regulatory Agency, in November 2015. A 20-year Power Purchase Agreement (PPA) has been signed with CCEE, the Brazilian Power Commercialization Chamber. The Joint Venture will be responsible for construction, operation and maintenance as well as asset management of the plant. Total project capex is estimated to USD 215 million. As a part of the transaction, Statoil will inject equity funding for realization of the project. This corresponds to a consideration of USD 25 million to Scatec Solar for the 40% ownership stake in the project and for participation in the Joint Venture.
Financing of the Apodi project has been secured through a project financing structure with approximately 65% debt leverage. Construction of the solar plant will start imminently with a plan to connect the plant to the grid towards the end of 2018.
"Brazil is a core area for Statoil where our ambition is to deliver safe and sustainable growth in an attractive energy market. We are excited to have entered our first solar project with an experienced partner like Scatec Solar", says Irene Rummelhoff, Executive Vice President of New Energy Solutions in Statoil.
Brazil is targeting to further expand its Renewable Energy Program. PPAs have been awarded to wind power projects totaling nearly 12 GW. Over the last years, approximately 3 GW of solar projects have been awarded in three consecutive utility scale solar auctions. The government plans to award another 7 GW by 2024.
Scatec Solar and Statoil to establish partnership in Brazil
Oslo, October 4, 2017:
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 Venture has an ambition to become a significant player in the Brazilian solar market.
"The potential for solar energy in Brazil is substantial and together with Statoil we are increasing our ambitions further in this market. We are bringing into the partnership a strong track record as an integrated independent solar power producer, while Statoil has a strong engagement and experience from Brazil through its other energy activities," says Raymond Carlsen, CEO of Scatec Solar.
As the first step of the agreement Statoil secures a 40% equity position in Scatec Solar's existing 162 MW Apodi project. This project was awarded in the auction process held by ANEEL, the Brazilian Electricity Regulatory Agency, in November 2015. A 20-year Power Purchase Agreement (PPA) has been signed with CCEE, the Brazilian Power Commercialization Chamber. The Joint Venture will be responsible for construction, operation and maintenance as well as asset management of the plant. Total project capex is estimated to USD 215 million. As a part of the transaction, Statoil will inject equity funding for realization of the project. This corresponds to a consideration of USD 25 million to Scatec Solar for the 40% ownership stake in the project and for participation in the Joint Venture.
Financing of the Apodi project has been secured through a project financing structure with approximately 65% debt leverage. Construction of the solar plant will start imminently with a plan to connect the plant to the grid towards the end of 2018.
"Brazil is a core area for Statoil where our ambition is to deliver safe and sustainable growth in an attractive energy market. We are excited to have entered our first solar project with an experienced partner like Scatec Solar", says Irene Rummelhoff, Executive Vice President of New Energy Solutions in Statoil.
Brazil is targeting to further expand its Renewable Energy Program. PPAs have been awarded to wind power projects totaling nearly 12 GW. Over the last years, approximately 3 GW of solar projects have been awarded in three consecutive utility scale solar auctions. The government plans to award another 7 GW by 2024.
Published: 08:00 CEST 06-10-2017 /GlobeNewswire /Source: Scatec Solar ASA / : SSO /ISIN: NO0010715139
Scatec Solar closes financing for 197 MW in Malaysia
Oslo, October 6, 2017:
Scatec Solar ASA (SSO) and partners have achieved financial close for three solar PV power plants in Malaysia totaling 197 MW.
Financing for the plants has been raised through a successful issuance of the world's largest Green SRI Sukuk (Islamic bond) of MYR 1,000 million in nominal value (USD 237 million).
In December 2016, Scatec Solar entered the Malaysian large-scale solar energy market by joining forces with a local ITRAMAS-led consortium that had signed three 21-year Power Purchase Agreements (PPAs) with the country's largest electricity utility, Tenaga Nasional Berhad (TNB).
The partnership covers realization of the three solar plants totaling 197 MW with a total investment of about MYR 1,235 million (USD 293 million). Located in Merchang in the north-east, Jasin in the south and Gurun in the north-west of Peninsular Malaysia, the three power plants cover more than 180 acres each.
Scatec Solar invests MYR 251 million (USD 59 million) through preference shares partly convertible to 49% equity ownership in the projects as well as ordinary preference shares. Once the plants are in full operation they will provide long term stable cash flows. Scatec Solar will be the turn-key EPC provider for the projects and provide Operation & Maintenance as well as Asset Management services to the power plants.
"We are very satisfied to reach this important milestone. Together with our partners, we have again demonstrated our wide-ranging expertise and we are now ready to build the largest solar energy portfolio in South East Asia", says Raymond Carlsen, CEO of Scatec Solar.
Construction of the plants have already started and is expected to be completed within the next few months.
Headquartered in Kuala Lumpur, ITRAMAS Corporation Sdn Bhd, a Malaysian engineering company with 17 years experience in green technology, is the lead sponsor of the three solar projects and signed the PPAs on behalf of the local consortium that includes two other Malaysian companies, MalTechPro and Cam Lite.
"This milestone marks a new beginning for Malaysia's renewable energy sector. The projects are envisaged to generate up to 3,000 local jobs and will generate electricity for up to 93,000 households per year", says Lee Choo Boo, Group Managing Director of ITRAMAS Corporation Sdn.
Mr. Lee further adds: "We appreciate the efforts made by Bank Negara Malaysia, the Securities Commission Malaysia and the World Bank Group in introducing the concept of the Green SRI Sukuk, as this made it possible to finance our project in a climate-friendly manner".
The solar projects are expected to generate 282,000 MWh of electricity per year and avoid about 210,000 tons of carbon emissions per year, taking Malaysia closer to achieving its promised emission cuts under the Paris Climate Agreement.
The MYR 1,000 million Green SRI Sukuk was given an AA-rating by the Malaysian Rating Corporation Berhad (MARC) and a 'dark green' rating from CICERO - The Center for International Climate and Environmental Research in Oslo. CIMB Investment Bank Berhad (CIMB) is the sole principal adviser and both CIMB and Maybank are the joint lead arrangers and joint lead managers for the Green SRI Sukuk. CIMB Islamic Bank Berhad is the Shariah adviser for the Green SRI Sukuk.
Scatec Solar closes financing for 197 MW in Malaysia
Oslo, October 6, 2017:
Scatec Solar ASA (SSO) and partners have achieved financial close for three solar PV power plants in Malaysia totaling 197 MW.
Financing for the plants has been raised through a successful issuance of the world's largest Green SRI Sukuk (Islamic bond) of MYR 1,000 million in nominal value (USD 237 million).
In December 2016, Scatec Solar entered the Malaysian large-scale solar energy market by joining forces with a local ITRAMAS-led consortium that had signed three 21-year Power Purchase Agreements (PPAs) with the country's largest electricity utility, Tenaga Nasional Berhad (TNB).
The partnership covers realization of the three solar plants totaling 197 MW with a total investment of about MYR 1,235 million (USD 293 million). Located in Merchang in the north-east, Jasin in the south and Gurun in the north-west of Peninsular Malaysia, the three power plants cover more than 180 acres each.
Scatec Solar invests MYR 251 million (USD 59 million) through preference shares partly convertible to 49% equity ownership in the projects as well as ordinary preference shares. Once the plants are in full operation they will provide long term stable cash flows. Scatec Solar will be the turn-key EPC provider for the projects and provide Operation & Maintenance as well as Asset Management services to the power plants.
"We are very satisfied to reach this important milestone. Together with our partners, we have again demonstrated our wide-ranging expertise and we are now ready to build the largest solar energy portfolio in South East Asia", says Raymond Carlsen, CEO of Scatec Solar.
Construction of the plants have already started and is expected to be completed within the next few months.
Headquartered in Kuala Lumpur, ITRAMAS Corporation Sdn Bhd, a Malaysian engineering company with 17 years experience in green technology, is the lead sponsor of the three solar projects and signed the PPAs on behalf of the local consortium that includes two other Malaysian companies, MalTechPro and Cam Lite.
"This milestone marks a new beginning for Malaysia's renewable energy sector. The projects are envisaged to generate up to 3,000 local jobs and will generate electricity for up to 93,000 households per year", says Lee Choo Boo, Group Managing Director of ITRAMAS Corporation Sdn.
Mr. Lee further adds: "We appreciate the efforts made by Bank Negara Malaysia, the Securities Commission Malaysia and the World Bank Group in introducing the concept of the Green SRI Sukuk, as this made it possible to finance our project in a climate-friendly manner".
The solar projects are expected to generate 282,000 MWh of electricity per year and avoid about 210,000 tons of carbon emissions per year, taking Malaysia closer to achieving its promised emission cuts under the Paris Climate Agreement.
The MYR 1,000 million Green SRI Sukuk was given an AA-rating by the Malaysian Rating Corporation Berhad (MARC) and a 'dark green' rating from CICERO - The Center for International Climate and Environmental Research in Oslo. CIMB Investment Bank Berhad (CIMB) is the sole principal adviser and both CIMB and Maybank are the joint lead arrangers and joint lead managers for the Green SRI Sukuk. CIMB Islamic Bank Berhad is the Shariah adviser for the Green SRI Sukuk.
Published: 07:00 CEST 20-10-2017 /GlobeNewswire /Source: Scatec Solar ASA / : SSO /ISIN: NO0010715139
Third quarter: Strong financial results and 394 MW moved into construction
Oslo, October 20, 2017:
Scatec Solar's third quarter consolidated revenues reached NOK 655 million, up from 281 million in the same period last year. Consolidated EBITDA reached NOK 595 million, up from NOK 222 million last year.
Power production reached 157 GWh in the third quarter, broadly in line with the same quarter last year excluding divestments, and up 7% from previous quarter.
Scatec Solar has entered into a partnership agreement with Statoil ASA to establish a 50/50 joint venture to build, own and operate large scale solar plants in Brazil. The Joint Venture has an ambition to become a significant player in the Brazilian solar market. Scatec Solar secured a net gain of NOK 375 million on this transaction in the third quarter.
On October 6, financial close was reached for three solar PV plants in Malaysia, totalling 197 MW. Financing for the plants has been raised through a successful issuance of the world's largest green SRI Sukuk (Islamic bond). Additional 400 MW in Egypt and 258 MW in South Africa are approaching financial close with expected construction start in 2018.
Scatec Solar's proportionate share of revenues reached NOK 922 million, up from 209 million in the same period last year. The proportionate EBITDA reached NOK 500 million, up from 111 million in the same period last year. Cash flow to equity across all business activities reached NOK 216 million in the third quarter, compared to NOK 29 million in the same period last year.
"Our strong financial results reflect the value that has been created over the last few quarters. The Statoil partnership in Brazil and the Malaysian transaction clearly demonstrate the strength of our project portfolio and business model. I am very proud of our organisation's ability to deliver high value projects in new environments," says Scatec Solar's CEO, Raymond Carlsen.
Third quarter: Strong financial results and 394 MW moved into construction
Oslo, October 20, 2017:
Scatec Solar's third quarter consolidated revenues reached NOK 655 million, up from 281 million in the same period last year. Consolidated EBITDA reached NOK 595 million, up from NOK 222 million last year.
Power production reached 157 GWh in the third quarter, broadly in line with the same quarter last year excluding divestments, and up 7% from previous quarter.
Scatec Solar has entered into a partnership agreement with Statoil ASA to establish a 50/50 joint venture to build, own and operate large scale solar plants in Brazil. The Joint Venture has an ambition to become a significant player in the Brazilian solar market. Scatec Solar secured a net gain of NOK 375 million on this transaction in the third quarter.
On October 6, financial close was reached for three solar PV plants in Malaysia, totalling 197 MW. Financing for the plants has been raised through a successful issuance of the world's largest green SRI Sukuk (Islamic bond). Additional 400 MW in Egypt and 258 MW in South Africa are approaching financial close with expected construction start in 2018.
Scatec Solar's proportionate share of revenues reached NOK 922 million, up from 209 million in the same period last year. The proportionate EBITDA reached NOK 500 million, up from 111 million in the same period last year. Cash flow to equity across all business activities reached NOK 216 million in the third quarter, compared to NOK 29 million in the same period last year.
"Our strong financial results reflect the value that has been created over the last few quarters. The Statoil partnership in Brazil and the Malaysian transaction clearly demonstrate the strength of our project portfolio and business model. I am very proud of our organisation's ability to deliver high value projects in new environments," says Scatec Solar's CEO, Raymond Carlsen.
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Thread: Scatec Solar 
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