1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. Scatec ASA
  6. News
  7. Summary
    SSO   NO0010715139

SCATEC ASA

(SSO)
  Report
Real-time Oslo Bors  -  05/27 09:42:22 am EDT
94.70 NOK   +1.52%
05/25SCATEC : Investor presentation May 2022
PU
05/18SCATEC ASA : Completed share buyback for Employee Share Purchase Programme
GL
05/16Initiation of a share buyback for Employee Share Purchase Programme
GL
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Scatec : signs agreement for the first IPP solar project in Lesotho totalling 20 MW

12/15/2021 | 09:59am EDT

Scatec has entered an agreement with the Lesotho Electricity Company and the Government of Lesotho to build the first IPP solar project in Lesotho of 20 MW.

The Power Purchase Agreement, Connection Agreement and Implementation Agreement were signed at an official ceremony held in Lesotho's capital, Maseru, which marked the culmination of successful negotiations with the Lesotho Electricity Company and the Government of Lesotho.

The project will be funded by the Renewable Energy Performance Platform (REPP) and equity co-sponsors; Scatec, Norfund, One Power Lesotho, Izuba Energy and the Lesotho Pension Fund.

"We are proud to be the first IPP to develop a solar project in Lesotho, an important step for Scatec in the country. The Southern African region is a key market for Scatec, and a region with great potential for the development of affordable clean energy. Scatec is the leading solar IPP in the region, and we look forward to expanding our footprint and developing more renewable energy in the years to come." says General Manager for Sub-Sahara Africa Jan Jurie Fourie.

Scatec will build, operate and majority own the facility under a 25-year Power Purchase Agreement with financial close is expected early next year.

For further information, please contact:

Aidan Wildschut, Sustainability & Communications Coordinator, telephone: +27 66 394 1407, aidan.wildschut@scatec.com

About Scatec ASA

Scatec is a leading renewable power producer, delivering affordable and clean energy worldwide. As a long- term player, Scatec develops, builds, owns and operates solar, wind and hydro power plants and storage solutions. Scatec has more than 3.5 GW in operation and under construction on four continents and more than 500 employees. The company is targeting 15 GW capacity in operation or under construction by the end of 2025. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SCATC'. To learn more, visit www.scatec.com, or connect with us on Linkedin.

Disclaimer

Scatec ASA published this content on 15 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2021 14:58:00 UTC.


© Publicnow 2021
All news about SCATEC ASA
05/25SCATEC : Investor presentation May 2022
PU
05/18SCATEC ASA : Completed share buyback for Employee Share Purchase Programme
GL
05/16Initiation of a share buyback for Employee Share Purchase Programme
GL
05/16Initiation of a share buyback for Employee Share Purchase Programme
GL
05/16SCATEC ASA : Employee Share Purchase Programme 2022
GL
05/09SCATEC ASA : Mandatory notification of trade by primary insider
GL
05/09SCATEC ASA : Mandatory notification of trade by primary insider
GL
05/09SCATEC ASA : Employee Share Purchase Programme 2022
GL
05/06SCATEC ASA : Mandatory notification of trade by primary insider
GL
05/06SCATEC ASA : Mandatory notification of trade by primary insider
GL
More news
Financials
Sales 2022 3 423 M 356 M 356 M
Net income 2022 -963 M -100 M -100 M
Net Debt 2022 16 494 M 1 716 M 1 716 M
P/E ratio 2022 -15,4x
Yield 2022 2,55%
Capitalization 14 809 M 1 541 M 1 541 M
EV / Sales 2022 9,15x
EV / Sales 2023 8,00x
Nbr of Employees 600
Free-Float 72,7%
Chart SCATEC ASA
Duration : Period :
Scatec ASA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SCATEC ASA
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 93,28 NOK
Average target price 138,25 NOK
Spread / Average Target 48,2%
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