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Description
Scatec ASA is a leading renewable energy solutions provider specializing in the development, construction, ownership, and operation of renewable energy plants across five continents. Founded in 2007 and headquartered in Oslo, Norway, the company focuses on delivering reliable and affordable clean energy, particularly in emerging markets such as South Africa, Egypt, the Philippines, Brazil, Botswana, Tunisia, and Colombia. Originally centered on large-scale solar photovoltaic systems, Scatec ASA has expanded its portfolio to include wind power, hydropower, battery storage, and green hydrogen projects, with 6.2 GW in operation and under construction. Its integrated business model covers the full project lifecycle—from site development and financing to engineering, procurement, construction, operations, maintenance, and portfolio optimization—ensuring efficient execution and long-term performance under power purchase agreements. Operating in the utilities sector, Scatec ASA supports global sustainability goals by reducing greenhouse gas emissions, powering millions, and investing in local communities, while targeting profitable growth through annual equity investments and innovative solutions toward 2030. With around 750-778 employees, it emphasizes predictability, innovation, results, and collaboration as core values.
About
Instrument type
Common stock
Sector
Utilities
Industry
Utilities - Renewable
Country
Germany
MIC code
XFRA