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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
AQ
07/26Scatec ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
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Scatec ASA Signs Power Purchase Agreements Under South Africa’s RMIPPPP

06/02/2022 | 07:11am EDT

Scatec ASA signed the power purchase agreements for the three Kenhardt projects in the Northern Cape Province of South Africa, under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) alongside the South African government. A first of a kind in Africa, the project will provide 150 MW of dispatchable renewable energy from 5:00 in the morning to 21:30 in the evening based on a hybrid installation of 540 MW of solar PV capacity and 1.1 GWh of battery storage. The Scatec projects were the sole renewables only projects awarded in the technology agnostic RMIPPP programme. This demonstrates the attractiveness, commercial viability and universal application of hybrid renewable energy facilities. According to the agreements signed, financial close is to be achieved within 60 days from the signature date. Once financial close has been reached, Scatec will start construction of the projects. Scatec will own 51% of the equity in the project with H1 Holdings, local Black Economic Empowerment partner owning 49%. Scatec will be the Engineering, Procurement and Construction provider and provide Operation & Maintenance as well as Asset Management services to the power plants. The Standard Bank Group is acting as lead arranger and debt provider alongside a lender group including British International Investment and they will provide non-recourse project financing to the projects.


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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
CI
07/26SECOND QUARTER AND FIRST HALF 2022 : Stable operations and ramping up for construction
GL
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
CI
07/25Scatec ASA Provides Production Guidance for the Third Quarter and Full Year 2022
CI
07/25SCATEC ASA : Press Release
CO
07/25SCATEC ASA : Half-year report
CO
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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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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