Scatec ASA

In case you missed out! We reached commercial and financial close for our Mogobe BESS project last week! 🇿🇦🔋 “We are showing and supporting that dispatchable energy and grid infrastructure are cornerstones to the sustainability of South Africa’s current and future energy system. By unlocking more grid capacity, we are enabling further electricity access, as well as enabling more renewable energy grid connections in years to come,” adds Roar Haugland, EVP Sub-Saharan Africa, Scatec. Watch the SABC's broadcast of the commercial close ceremony here 👇 Standard Bank Group Standard Bank Corporate and Investment Banking PERPETUA HOLDINGS Eskom Holdings SOC Ltd IPP Office

In September, Scatec was recognised with a Gold medal, placing us among the top 5% best rated companies in sustainability by EcoVadis.☀️   In October, Scatec received an updated rating of Low Risk (11.2) from Sustainalytics which is our best score yet. For Morningstar Sustainalytics' we are rated 8th in our subindustry, namely Renewable Power Production comprising of nearly 100 companies.🍃   “We use sustainability ratings strategically to identify improvement areas across our organisation and collaborate across business units to share key insights and best practice. Over the last year, key efforts include strengthening our climate ambitions and Net Zero roadmap, more structured engagement with strategic suppliers, and working to formalise our nature agenda. We have fantastic and dedicated colleagues from all parts of our business who contribute to this recognition”, says Julie Hamre, VP Sustainability Reporting & Strategy.   Refer to our corporate website under “ESG resources” for all sustainability-related reports and documents 👇   Well done to the team, and to all of our changemakers across the globe! Delene Taute

🎙️ Exciting News! We’re proud to announce the kick off of a series of podcasts in partnership with MegaWhat. On this first episode, our Socioenvironmental Manager, Verena Van Der Ven, and Pablo Alejandro Cotsifis discussed the role of renewable energy in Brazil, its impact on local communities, and the opportunities in circular economy and inclusion. Link for episode here (in Portuguese): https://lnkd.in/d3qdrF5b. Join us as we explore the balance between social and environmental responsibility, and the essential role of education and infrastructure in sustainable growth. 🌍✨ #Sustainability #RenewableEnergy #Podcast #Inclusion #CircularEconomy 

Scatec has secured Financial Close for the Mogobe BESS project in South Africa! 🔋🇿🇦 “This marks a new milestone for Scatec in South Africa and for the renewable energy transition in the country. The Mogobe BESS project is a first of a kind and reaffirms our standing as a leading renewable energy player in South Africa. We continue to see attractive growth opportunities in the market based on the need for growth in power generation, our strong position in the country and our strong and competent local team,” says Scatec CEO Terje Pilskog. Replicating successes from our hybrid solar and battery storage projects at Kenhardt, we will proceed to construct one of Africa’s first and largest standalone dispatchable BESS systems. The project is located near Kathu, Northern Cape, close to high power demand centres. ⚡ This achievement, coming just a day after Commercial Close was celebrated with the The IPP Office of South Africa and Eskom Holdings SOC Ltd in Cape Town on Wednesday night, demonstrates the strong support for innovative energy solutions in South Africa. We're excited to move forward with construction and bring this vital project to life. Read more here 👇  https://lnkd.in/dfdYP7e2 Standard Bank Group PERPETUA HOLDINGS Congratulations to the team! And goodluck to our EPC team for the next phases! Roar Haugland Alberto Gambacorta Adam Treki Ndimakazi Zimbini Nontyi Mohamed K. Jaco Uys Jobert Louw Cheryl Geldenhuys Artur Correia Kevin De Jong Janey Daniels Elnalene Cornelius Nic Bailey Andrea Inskip (Lawrenson)

🎥 Scatec featured in SDG Leaders Interview Series 🎥 "The energy transition represents an attractive investment opportunity, not a cost. Accelerating the growth of renewable energy not only addresses the energy trilemma, but it also contributes to economic growth and reduces the consumption of fossil fuels. This transition will create jobs, foster innovation, and ensure a more sustainable world for future generations," says Scatec CEO Terje Pilskog. Our CEO was actively engaged in New York City 🗽during Climate Week, attending the United Nations Private Sector Forum, participating in roundtable discussions, and meeting with investors to discuss our strategic progress and the value-driven growth opportunities in our markets. He also spoke at the Global Africa Business Initiative (GABI) and the Unstoppable Africa conference, held meetings with key financing partners, and was interviewed for Acumen's SDG Leaders series, featured on CNBC’s website. Meera Bhatia Raquel Araujo, Msc Aidan Wildschut Snefrid Borgsø Enja Sæthren

At Scatec, our approach to gender diversity is deeply ingrained in our company strategy.🤝 We believe in leading by example and recently, at Windaba’s Gala Dinner, Reabetswe R. Motshegare (M.B.A) and the South African People Team were awarded the Gender Diversity Transformation Enablement Award - an acknowledgement of our #Changemakers and strategy across Sub-Saharan Africa. By walking the walk, we're creating a more inclusive and innovative work environment that benefits everyone. Watch and hear from Reabetswe R. Motshegare (M.B.A), Candice (., Andrea Inskip (Lawrenson), Jan-Louis Janse van Vuuren! 👇 #Improvingourfuture #Changemakers #Workingtogether South African Wind Energy Association (SAWEA) Erica van der Vindt Phathisa Volwana Earl Van Rooyen

Our head of government affairs, Enja Sæthren, recently returned from Ukraine as part of Minister Cecilie T. Myrseth's business delegation, exploring how Norwegian businesses can support Ukraine now and in the future. 🇺🇦🤝🇳🇴 The delegation had productive meetings with Ukraine’s Energy Minister and other key stakeholders, discussing how to enable stronger business engagement in the country moving forward.   “The trip left a lasting impact. The gravity of the ongoing war was ever-preset with most meetings held in bomb shelters due to the Russian assaults - a stark reminder of the daily challenges Ukrainians face. Despite two years of relentless conflict, the resilience of the Ukrainian people and their focus on rebuilding is truly inspiring. Special recognition goes to Alina Sviderska, Scatec’s Country Manager, and her team on the ground, ensuring our 336 MW solar plants continue delivering much needed power throughout the war,” says Enja. Ukraine’s energy crisis is severe, with 50% of generation capacity damaged. As another harsh winter approaches, the Ukrainian people are bracing for intensified attacks and widespread power cuts. There’s an urgent need for a decentralized energy system that is less vulnerable to as well as battery storage to mitigate the loss of baseload power and support the future growth of renewables.☀️ Norwegian businesses have the expertise to play a role in rebuilding Ukraine’s energy sector when the war is over, but strong public-private partnerships and risk reduction measures, like offtake guarantees, are essential to drive investment and make this possible. Together, we can help Ukraine build a more resilient and sustainable future. #Improvingourfuture #Changemakers #Workingtogether

🌍 Global Mental Health Day: Let's Prioritize Our Well-being at Work🧠   On this Global Mental Health Day, let's take a moment to focus on the importance of mental well-being, especially in the workplace. At Scatec, we launched our tools2thrive mental health campaign, shedding light on practical tools that contribute to a more empathetic working place. Throughout the month we will be working on the following tools and resources to support our employees:   Exercise 🏃: Moving your body is not just good for physical health but also a powerful mood booster. We’re organising guided meditation and yoga classes, creating spaces where employees can rejuvenate and center themselves during the workday.   Talk About It 🗣️: Creating an open dialogue about mental health is crucial. Let's support each other by listening and sharing. Introducing the “Jar of Emotions” in our offices! Every employee is encouraged to place an emoji in the emotions’ jar expressing how they feel, creating opportunities for open discussions with colleagues about emotional well-being.   Seek Professional Help 👩⚕️: It's okay to seek guidance from mental health professionals when needed. Through local health insurances, we are offering psychological support services on selected locations. We encourage employees to make use of these resources.   Self-Care 🛀: Prioritise activities that recharge you, from hobbies to mindfulness. We’re launching self-care initiatives, including massage sessions and country-specific giveaways tailored to local needs, to raise awareness towards relevance of self-care.   We are inspired by the World Federation of Mental Health and their 2024 campaign, which focuses on mental health in the workplace. Let's work together to create a supportive, compassionate environment.   Learn more about their campaign here:  https://lnkd.in/gFvvfZe8 or wmhdofficial.com   #MentalHealthAtWork #GlobalMentalHealthDay #SelfCare #MentalHealthMatters

Scatec awarded EUR 30 million grant from PtX Development Fund for the Egypt Green Hydrogen project Our Egypt Green Hydrogen project has today signed an agreement with the PtX Development Fund for a grant of EUR 30 million for partial financing of the project which will have a total capex of approximately EUR 500 million. The PtX Development Fund is established by the German Federal Ministry for Economic Cooperation and Development and KfW, and managed by KGAL, with the aim to support Power-to-X projects in developing and emerging countries. This is the first grant approved by the fund. “We are pleased that our Egypt Green Hydrogen project has been recognised with this EUR 30 million grant from the German government and KfW Group through the PtX Development Fund. This achievement is a testament to the maturity of the project and reaffirms the broad support we have for this project," says Scatec CEO Terje Pilskog. Click here for the press release: https://lnkd.in/dqi9D68F Mohamed Amer #renewableenergy #greenhydrogen Pål Strøm Matthias Korf Federal Ministry for Economic Cooperation and Development (BMZ) KGAL GmbH & Co. KG (KGAL) PtX Development Marwan Assar Mohamed Taha Bahaa Sami Stina Spanne Mahmoud Shata, CFA #HamburgSustainabilityConference 🇩🇪 🇪🇬 🇳🇴

The Norwegian-African Business Association (NABA) Business Summit is a meeting place for actors with a strong desire to build new relationships and grasp market opportunities on the African continent.🌍🇳🇴 Our CEO, Terje Pilskog, this week participated in a plenary session "The Nordic-Africa relationship in a New World Order", exploring how the changing realities of partnership with Africa are shaping Nordic policies towards the region.🤝 With an emphasis on trade and investment, the discussion critically examined the challenges and opportunities for engagement with the continent, as well as closer coordination between the Nordic countries to drive mutually beneficial and sustainable economic development.📈 Enja Sæthren Norfund Norwegian Ministry of Foreign Affairs Thought Leader Global Media