May 23, 2018 5:44 PM 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 in 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, ownership, operation and maintenance, and asset management of solar photovoltaic power plants. As of December 31, 2017, the company operated twelve solar power plants with a 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

184 Employees

Phone:

47 48 08 55 00

Key Executives for Scatec Solar ASA

Chief Executive Officer
Age: 62
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: 57
Total Annual Compensation: 1.7M NOK
Compensation as of Fiscal Year 2016.

Scatec Solar ASA Key Developments

Scatec Solar Asa Approves Dividend Payment, Payable on May 15, 2018

Scatec Solar ASA approved dividend payment of NOK 0.78 per share to be distributed to the shareholders on May 15, 2018, of the record date April 25, 2018. The company's shares will trade on Oslo Stock Exchange exclusive the right to receive dividend as from April 24, 2018.

Scatec Solar ASA Announces Earnings Results for the First Quarter of 2018

Scatec Solar ASA announced earnings results for the first quarter of 2018. For the quarter, revenues of NOK 573 million compared with NOK 144 million a year ago. EBITDA reached NOK 109 million compared with NOK 87 million a year ago. The increase in proportionate revenues and EBITDA is driven by higher Development & Construction (D&C) activities compared to last year. Construction continues in Malaysia, Brazil and Honduras and construction has just commenced in Mozambique. Cash flow to equity reached NOK 21 million up from NOK 7 million in the same quarter last year. And again, the growth here is explained by Development & Construction activity.

Scatec Solar ASA, Q1 2018 Earnings Call, Apr 20, 2018

Scatec Solar ASA, Q1 2018 Earnings Call, Apr 20, 2018

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 4, 2017
162MW Apodi Solar Project in Brazil
Merger/Acquisition
September 22, 2017
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