Core Insights - Scatec ASA has achieved financial closure for its 142 MW solar PV plant in Minas Gerais, Brazil, with an expected Commercial Operation Date in the first half of 2026 [1][2][3] Financing Details - The non-recourse project financing totals BRL 150 million (USD 27 million), representing 30% of the total estimated capital expenditure of BRL 506 million (USD 91 million) [2] - Scatec has secured an additional EUR 25 million debt facility from Impact Fund Denmark to partially fund its equity share, bringing the total expected equity injection to BRL 201 million (USD 36 million) by COD [4] Project Management and Agreements - Scatec holds a 100% ownership stake in the solar project and plans to introduce equity partners post-COD to enhance value creation [5] - A 10-year power purchase agreement has been signed with Statkraft for approximately 75% of the expected power output, with the remainder to be sold under various term PPAs [4] Company Overview - Scatec is a prominent renewable energy solutions provider, with 6.2 GW of capacity in operation and under construction across five continents [6]

Company Overview - Scatec ASA is a leading renewable energy solutions provider focused on accelerating access to reliable and affordable clean energy in emerging markets [2] - The company develops, builds, owns, and operates renewable energy plants, with a total capacity of 6.2 GW in operation and under construction across five continents [2] - Scatec is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker symbol 'SCATC' [2] Upcoming Financial Results - Scatec ASA will release its second quarter and first half 2025 results on Tuesday, 19 August 2025, at 07:00 CEST [1] - A presentation of the results, followed by a Q&A session, will take place on the same day at 09:00 CEST at Scatec's headquarters [1] - The presentation and Q&A session will be available via live webcast on the company's website [1]

Core Viewpoint - Scatec ASA is set to release its second quarter and first half 2025 results on August 19, 2025, with a presentation and Q&A session scheduled for the same day [1]. Company Overview - Scatec is a leading renewable energy solutions provider focused on enhancing access to reliable and affordable clean energy in emerging markets [2]. - The company develops, builds, owns, and operates renewable energy plants, currently having 6.2 GW in operation and under construction across five continents [2]. - Scatec is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker symbol 'SCATC' [2].

Core Insights - Scatec ASA's joint venture with Aboitiz Power has received regulatory approval for a new rate related to ancillary services contracts in the Philippines [1][2] - The awarded contract rate has increased from 1.5 PHP/kWh to 2.25 PHP/kWh, effective from July 2025, with retroactive revenues amounting to approximately NOK 231 million for Scatec [2][3] Group 1: Regulatory Approval and Contract Details - The Energy Regulatory Commission (ERC) has formally approved the rate for contingency reserve long-term ancillary services contracts [1] - The new rate of 2.25 PHP/kWh will be effective from July 2025, with retroactive effect recognized in Q2 2025 [2] - Scatec has been delivering volumes under the new contracts since September 2023 but was initially paid at a lower rate pending regulatory approval [3] Group 2: Company Overview - Scatec is a leading renewable energy solutions provider, focusing on developing, building, owning, and operating renewable energy plants [4] - The company currently has 6.2 GW of renewable energy capacity in operation and under construction across five continents [4] - Scatec is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker symbol 'SCATC' [4]

Core Insights - Scatec ASA has been awarded preferred bidder status for 846 MW solar projects in South Africa, marking a significant milestone in the company's renewable energy initiatives in the region [1][3][4] Project Details - The Kroonstad PV cluster will consist of three solar power plants: Oslaagte Solar 2 (293 MW), Oslaagte Solar 3 (293 MW), and Leeuwspruit Solar (260 MW) [2] - The total estimated project cost is ZAR 13 billion (USD 735 million), with financing structured as up to 90% non-recourse project debt and the remainder from equity [2][6] Company Positioning - Scatec will hold 50.90% equity in the project, with Stanlib's infrastructure fund owning 46.50% and a Community Trust holding 2.6% [6] - The company will provide engineering, procurement, construction (EPC), operations & maintenance (O&M), and asset management (AM) services for the project [6] Future Outlook - Financial close is anticipated in 2026, with construction expected to commence thereafter [5][6]

Group 1 - The company has completed its share buyback program, acquiring a total of 68,533 own shares at an average price of NOK 94.6609 per share [1][2] - The acquired shares are intended for the Company's Employee Share Purchase Programme and have been sold to employees, resulting in the company not owning any shares post-transaction [2] - The share buyback was conducted in compliance with the EU Market Abuse Regulation [1] Group 2 - Scatec is a leading renewable energy solutions provider, focusing on developing, building, owning, and operating renewable energy plants with a total capacity of 6.2 GW across five continents [3] - The company is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker symbol 'SCATC' [3]

Core Points - Scatec ASA will initiate a buyback of up to 68,533 shares for a total maximum amount of NOK 9,600,000, with the buyback period running until 30 June 2025 [1] - The purpose of the buyback is to acquire shares for the Company's Employee Share Purchase Programme, as previously announced [2] - DNB Bank ASA has been engaged to carry out the buyback, which is authorized by the Board of Directors to purchase up to 3,500,000 shares at a minimum of NOK 1 and a maximum of NOK 1,000 per share [3] - All acquisitions will be executed on Euronext Oslo Børs, and the buyback programme may be discontinued at any time based on market conditions [4] Company Overview - Scatec is a leading renewable energy solutions provider, focusing on developing, building, owning, and operating renewable energy plants, with 6.2 GW in operation and under construction across five continents [5] - The Company is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker symbol 'SCATC' [5]

Core Insights - Scatec ASA has achieved financial close for the "Obelisk" hybrid solar and battery storage project in Egypt, with a total estimated capex of USD 590 million, of which USD 479.1 million is financed by major development banks [1][2] Financing Details - The project financing is non-recourse and represents approximately 80% of the total estimated capex [1] - Scatec has previously secured equity bridge loans of USD 120 million for the project, deferring equity injections until the end of the construction period [4] Project Phases and Capacity - The project will be executed in two phases: the first phase includes 561 MW of solar and 100 MW/200 MWh of battery storage, expected to reach commercial operational date in the first half of 2026; the second phase will add 564 MW of solar capacity in the second half of 2026 [3] - The energy produced will be sold under a 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company, backed by a sovereign guarantee [3] Company Operations - Scatec will provide Engineering, Procurement and Construction (EPC), Asset Management (AM), and Operations & Maintenance (O&M) services for the project, with the EPC scope accounting for approximately 70% of total capex [4] - The company is actively seeking equity partners, with discussions expected to conclude in the coming months [4] Company Background - Scatec is a prominent renewable energy solutions provider, with 6.2 GW of capacity in operation and under construction across five continents [5]

Core Insights - Scatec ASA has initiated the construction of a 1.1 GW solar and 100 MW/200 MWh battery storage project in Egypt, with energy sales secured under a 25-year Power Purchase Agreement (PPA) backed by a sovereign guarantee [1][5] Project Details - The project will be executed in two phases: the first phase includes 561 MW of solar and 100 MW/200 MWh battery storage, expected to reach commercial operational date (COD) in the first half of 2026, while the second phase consists of 564 MW of solar, targeted for the second half of 2026 [2] - The total capital expenditure (capex) for the project is approximately USD 590 million, with plans to finance 80% through non-recourse long-term project debt [6] Financing Structure - Scatec has secured equity bridge loans (EBL) totaling USD 120 million, with USD 90 million from The Arab Energy Fund maturing in Q2 2028 and USD 30 million from the European Bank for Reconstruction and Development (EBRD) maturing in Q1 2027 [3] - A mandate letter has been signed with a consortium of development finance institutions for long-term non-recourse project debt, with financial close anticipated in the coming months [4] Company Positioning - Scatec's CEO, Terje Pilskog, emphasized the significance of this project as Egypt's first hybrid solar and battery initiative, reinforcing Scatec's role as a leading renewable energy producer in the region [5] - The company is committed to expanding its renewable energy capacity, currently operating and constructing 6.2 GW across five continents [7]

Oslo, 24 April 2025: Scatec ASA will release its first quarter results on Thursday 08 May 2025 at 07:00 CEST. A presentation of the results followed by a Q&A session will be held on the same day at 09:00 CEST at Scatec’s headquarters at Skøyen Atrium III (1st floor), Askekroken 11, 0277 Oslo. The presentation and the Q&A session can be followed through a live webcast from our website www.scatec.com, or Scatec webcast Q1 2025. For further information, please contact:For analysts and investors:Andreas Austrel ...