May 26, 2017 1:06 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Scatec Solar ASA

Company Overview

Scatec Solar ASA operates as an integrated independent solar power producer. The company operates through three segments: Power Production, Operation and Maintenance, and Development and Construction. It is involved in the project design and development, financing, engineering, procurement, construction management, operation and maintenance, and asset management of solar photovoltaic power plants. As of April 7, 2017, the company operated solar power plants with an installed capacity of 322 MW located in the Czech Republic, South Africa, Rwanda, Honduras, and Jordan. Scatec Solar ASA was founded in 2007 and is headquartered in Oslo, Norway.

Karenslyst Allé 49

Oslo,  0279

Norway

Founded in 2007

148 Employees

Phone:

47 48 08 55 00

Key Executives for Scatec Solar ASA

Chief Executive Officer
Age: 61
Total Annual Compensation: 2.8M NOK
Chief Financial Officer
Total Annual Compensation: 2.2M NOK
Executive Vice President of Project Development & Project Finance
Total Annual Compensation: 1.9M NOK
Executive Vice President of Power Production
Total Annual Compensation: 1.8M NOK
Executive Vice President of Solutions
Age: 56
Total Annual Compensation: 1.7M NOK
Compensation as of Fiscal Year 2016.

Scatec Solar ASA Key Developments

Scatec Solar ASA Reports Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2017

Scatec Solar ASA reported unaudited consolidated earnings results for first quarter ended March 31, 2017. For the quarter, the company reported revenues of NOK 276,549,000 against NOK 228,238,000 a year ago. Total revenues and other income was NOK 276,278,000 against NOK 227,861,000 a year ago. Operating profit was NOK 160,302,000 against NOK 106,571,000 a year ago. Profit before income tax was NOK 37,772,000 against loss of NOK 34,573,000 a year ago. Profit attributable to equity holders of the parent was NOK 3,630,000 or NOK 0.04 per basic and diluted share against loss of NOK 46,155,000 or NOK 0.04 per basic and diluted share a year ago. Net cash flow from operating activities was NOK 262,019,000 against NOK 9,401,000 a year ago. Investments in property, plant and equipment was NOK 57,222,000 against NOK 421,519,000 a year ago. EBITDA was NOK 222 million against NOK 165 million a year ago. Net debt as at March 31, 2017 was NOK 3,633 million against NOK 4,210 million a year ago.

Scatec Solar ASA Approves Dividend, Payable on or About June 15, 2017

Scatec Solar ASA announced at its AGM held on April 24, 2017, the shareholders approved the dividend of NOK 0.71 per share shall be distributed. The dividend shall accrue to the company's shareholders as they appear in the company's shareholder register in the VPS on April 26, 2017, being the company's shareholders at the date of the general meeting based on regular T+2 settlement. The company's shares will trade on the Oslo Stock Exchange exclusive the right to receive dividend as from April 25, 2017. The dividend is expected to be paid on or about June 15, 2017.

Scatec Solar ASA, Q1 2017 Earnings Call, May 05, 2017

Scatec Solar ASA, Q1 2017 Earnings Call, May 05, 2017

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 3, 2016
Scatec Solar ASA, 104 MW (DC) Utah Red Hills Solar Power Plant
 

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