(NOK million 2018)
(NOK million 2018)
MW in operation
Number of employees
Stock exchange notices
- 23.10.19 - Scatec Solar ASA: Minutes of Extraordinary General Meeting
- 18.10.19 - Third quarter 2019: Solid financial results and increased growth target to 4.5 GW
- 16.10.19 - Scatec Solar completes the 390 MW Benban project in Egypt
- 07.10.19 - Invitation to presentation of Scatec Solar’s third quarter results 2019
- 01.10.19 - Notice of Extraordinary General Meeting of Scatec Solar ASA
- 30.09.19 - Scatec Solar ASA: Share capital increase registered with the Norwegian Register of Business Enterprises
- 24.09.19 - Scatec Solar ASA: Participation of primary insiders in private placement
- 24.09.19 - Private placement completed
24.01.20 - Fourth quarter results 2019
23.10.19 - Annual Report 2019
24.04.20 - First quarter results 2020
28.04.20 - Annual General Meeting
17.07.20 - Second quarter results 2020
16.10.20 - Third quarter results 2020
Scatec Solar normally publishes its quarterly results at 07:00 am (CET). The results will be available at the company’s website and at Oslo Stock Exchange’s Newsweb. An open presentation of the results are held in Oslo the same day.
Silent periods normally start around three weeks before the quarterly results are published.
The dates are subject to change.
Scatec Solar is a leading integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. As long- term player, Scatec Solar develops, builds, owns, and operates solar power plants
- Project track record of more than 1.3 GW
- Solar plants in operation totaling 1,193 MW
- 711 MW under construction
- Project backlog and pipeline of 5.6 GW
- A target to reach 4.5 GW in operation and under construction by year-end 2021
Scatec Solar develops, builds, owns and operates large scale solar power plants.
The solar power plants are structured in project companies (single purpose vehicles) and financed with equity and non-recourse project finance debt. This structure offers isolation of operational and financial risks related to each individual project, and limits Scatec Solar’s exposure to the equity invested and retained in the respective project companies. A large share of the funding of Scatec Solar’s equity investments in the project companies are generated through Scatec Solar’s Development & Construction activities.
Free cash flow generated in the project companies is transferred to Scatec Solar as contributions and/or dividends on a semi-annual basis in accordance with the financing agreements. First distribution typically occurs after 12-18 months of plant operation.
In November 2017 Scatec Solar successfully completed a NOK 750 million senior unsecured green bond issue with maturity in November 2021. The bonds carry an interest of 3 month NIBOR + 4.75% and was listed on the Oslo Stock Exchange 6 April 2018 with ticker SSO02 G.
The proceeds from the bond issue was used for a full redemption of the NOK 500 million senior unsecured green bond issued in November 2015 with maturity in November 2018 and will be used for financing of eligible activities as defined in the Scatec Solar green bond framework. The NOK 500 million bond carried an interest of 3 month NIBOR + 6.50%.
In addition to the corporate bond, Scatec Solar ASA has a USD 60 million Multicurrency Revolving Credit Facility with Nordea Bank and ABN Amro with maturity in March 2021 and a USD 5 million overdraft facility with Nordea Bank made available on a multicurrency top account in the group account cash pool.
Mikkel TørudChief Financial Officer
Mikkel Tørud (1974) became CFO of Scatec Solar in 2014. Tørud was previously SVP of Business Development and Investor Relations, and member of Group Management in REC. Prior to REC he was commercial advisor in BP. He has extensive experience from finance, investor relations, corporate communications and business development. Tørud holds a Master of Science degree in Industrial Economics and Technoloy.
Number of shares: 298,817
Number of share options: 105,540