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    SSO   NO0010715139

SCATEC ASA

(SSO)
  Report
Real-time Oslo Bors  -  10:25 2022-08-17 am EDT
112.00 NOK   +2.00%
08/04Mandatory notification of trade by primary insider
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08/04Mandatory notification of trade by primary insider
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07/26Scatec ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
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AfrElec: British International Investment, Norfund, Scatec to invest $200mn in African hydro

06/28/2022 | 10:31am EDT

British International Investment (BII) has said it will invest up to $200mn into a joint venture between its Norwegian counterpart Norfund and the renewable power producer Scatec ASA to provide capital for that company’s hydropower projects in Africa

BII and Norfund hold a 49% stake in Scatec’s hydropower portfolio, which includes a mixture of operating assets and assets under development, including Ruzizi III, a proposed 205-MW hydropower plant (HPP) that will provide electricity to Rwanda, Burundi and the Democratic Republic of Congo.

The 120-MW Volobe HPP in Madagascar and 350-MW Mpatamanga project in Malawi also feature in the joint venture's plans.

BII said that assets under development are aligned with the Paris agreement to support respective countries in their net-zero pathways. It estimates that in 10 years clean power provided by new assets can create 180,000 jobs, avoid at least 270,000 tonnes per year (tpy) of carbon dioxide equivalent greenhouse gas (GHG) emissions and meet the demands of over 3mn people.

©2022 bne IntelliNews , source Magazine

All news about SCATEC ASA
08/04Mandatory notification of trade by primary insider
GL
08/04Mandatory notification of trade by primary insider
AQ
07/26Scatec ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30..
CI
07/26TRANSCRIPT : Scatec ASA, Q2 2022 Earnings Call, Jul 26, 2022
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07/26SECOND QUARTER AND FIRST HALF 2022 : Stable operations and ramping up for construction
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07/26SECOND QUARTER AND FIRST HALF 2022 : Stable operations and ramping up for construction
AQ
07/25Scatec Solar Announces Production Results for the Second Quarter of 2022
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07/25Scatec ASA Provides Production Guidance for the Third Quarter and Full Year 2022
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07/25SCATEC ASA : Press Release
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07/25SCATEC ASA : Half-year report
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Financials
Sales 2022 3 979 M 409 M 409 M
Net income 2022 -772 M -79,4 M -79,4 M
Net Debt 2022 16 383 M 1 686 M 1 686 M
P/E ratio 2022 -22,8x
Yield 2022 3,20%
Capitalization 17 781 M 1 829 M 1 829 M
EV / Sales 2022 8,59x
EV / Sales 2023 7,97x
Nbr of Employees 700
Free-Float 73,1%
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Technical analysis trends SCATEC ASA
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 112,00 NOK
Average target price 116,13 NOK
Spread / Average Target 3,68%
EPS Revisions
Managers and Directors
Terje Pilskog Chief Executive Officer
Mikkel Tørud Chief Financial Officer
John Andersen Chairman
Jan Steffen Skogseth Independent Director
Liv Gisèle Marchand Independent Director