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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Scatec Solar ASA    SSO   NO0010715139

SCATEC SOLAR ASA (SSO)
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Scatec Solar : and Partners Complete 162MW Apodi Solar Plant in Brazil

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12/04/2018 | 11:29am CET

Scatec Solar together with partners Equinor and Apodi Par completed 162 MW Apodi Solar plant, which is now grid connected and in commercial operation. Scatec Solar is located in Oslo, Norway. The Apodi Solar project was awarded in the auction process held by ANEEL, the Brazilian Electricity Regulatory Agency, in November 2015. Apodi Solar holds a 20-year Power Purchase Agreement with CCEE, the Brazilian Power Commercialization Chamber. The plant is located in the state of Cear, Brazil and is expected to provide about 340,000 MWh of electricity per year , providing energy for more than 170,000 households. The clean energy produced by the Apodi Solar plant is equivalent to a CO2 reduction of around 200,000 tons per annum.

In October 2017, Scatec Solar established a 50/50 Joint Venture with Equinor to build, own and operate large scale solar plants in Brazil. The JV is responsible for operation and maintenance as well as asset management of the solar plant.

The Apodi Solar plant is owned 43.75 percent by Scatec Solar, 43.75 percent by Equinor and 12.5 percent by the holding company Apodi Participaes formed by the Brazilian companies Z2 Power, Pacto Energia and Kroma Energia.

Scatec Solar now holds 519 MW of solar power plants in operation, 895 MW under construction and about 4.5 GW in project backlog and pipeline.

(c) Publishing Rights Reserved to Bahrain News Agency 2003 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
EQUINOR -2.07% 194.05 Delayed Quote.13.10%
SCATEC SOLAR ASA -0.67% 74 Delayed Quote.49.00%
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Latest news on SCATEC SOLAR ASA
12/04SCATEC SOLAR : and Partners Complete 162MW Apodi Solar Plant in Brazil
AQ
11/30SCATEC SOLAR : Equinor commission 162MW Apodi Solar plant in Brazil
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11/29EQUINOR ASA : - Apodi Solar plant in commercial operation
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11/29SCATEC SOLAR : Gamesa Electric to supply 400MW of inverters to Scatec Solar in E..
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11/29SCATEC SOLAR : Apodi Solar plant in Brazil starts commercial operations
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11/29SCATEC SOLAR : and Equinor complete 162MW solar project in Cear, Brazil
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11/29SCATEC SOLAR : Solars first solar plant in Brazil in commercial operation
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11/28SCATEC SOLAR : first solar plant in Brazil in commercial operation
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11/16SCATEC SOLAR : Equinor acquires stake in solar power producer Scatec Solar for $..
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11/15Equinor Pays $82 Million for 9.7% Stake in Solar Company
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Financials (NOK)
Sales 2018 1 220 M
EBIT 2018 627 M
Net income 2018 129 M
Debt 2018 7 777 M
Yield 2018 1,08%
P/E ratio 2018 71,18
P/E ratio 2019 44,66
EV / Sales 2018 13,3x
EV / Sales 2019 10,4x
Capitalization 8 449 M
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 73,6  NOK
Spread / Average Target -1,2%
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Managers
NameTitle
Raymond Carlsen Chief Executive Officer
John Andersen Chairman
Mikkel Tørud Chief Financial Officer
Mari Thjømøe Independent Director
Jan Steffen Skogseth Independent Director
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