Scatec ASA

Yesterday, we announced the successful issuance of a NOK 1.25 billion 4-year senior unsecured green bond. The transaction attracted exceptional demand and was significantly oversubscribed - a strong testament to the financial market's confidence in Scatec and our long-term strategy.    📊Proceeds from this issuance, combined with available liquidity, will be used to repay our EUR 114 million outstanding bond (SCATC03 ESG) maturing in August 2025. This strengthens our corporate maturity profile and enhances financial flexibility as we continue to invest in sustainable growth.   Scatec remains fully committed to our corporate deleveraging strategy. We will continue to allocate 75% of divestment proceeds towards corporate debt reduction, aligning with our disciplined approach to balance sheet management.   Over the last two years, Scatec seen substantial improvement in the cost of financing, reducing our margin by more than half, the bond was priced at 3-month NIBOR +3.15% p.a.  https://lnkd.in/dw6DQDYz 🗣️ A big thank you to DNB Markets, Nordea, and SpareBank 1 Markets AS for acting as Joint Lead Managers on this successful transaction. We also deeply appreciate the trust and support from our investors. 💬 "The successful issuance of our NOK 1.25 billion green bond, which was significantly oversubscribed, reflects strong investor confidence in our strategy and financial position. This transaction strengthens our corporate maturity profile and enhances financial flexibility while aligning with our commitment to deleveraging,” says Scatec SVP Corporate Finance and Treasury, Cecilie Engh Sætre.

Last night, South Africa's Minister of Public Works and Infrastructure, Dean Macpherson, hosted a pre-SONA (State of the Nation) stakeholder engagement at his residence in Cape Town - bringing together ministers, ambassadors, diplomats, and business leaders for a night of networking and collaboration. 🇿🇦🏗️ Our Communications and Public Affairs Advisor for Sub-Saharan Africa, Aidan Wildschut, represented Scatec, reaffirming our commitment to South Africa’s energy transition.🍃 Over the years, we have invested as a long-term player in the country's to the country’s renewable energy sector—starting with Kalkbult, South Africa’s first utility-scale solar PV facility, and more recently delivering Kenhardt, one of the world’s largest renewable hybrid projects, securing dispatchable green energy for the next 20 years. As a long-term partner in South Africa, we remain committed to driving sustainable infrastructure development and supporting the country’s energy and economic ambitions.☀️⚡🔋 #Improvingourfuture #Workingtogether

🔋 Scatec Bets on Diversification, Batteries, and Energy Transition to Lead in Brasil 🇧🇷   As Brasil prepares to host COP30, and with key developments in BESS and capacity reserve regulations, Scatec is doubling down on portfolio diversification and energy storage to accelerate the energy transition.   💡 A Strategy for Growth: With the PPA market rebounding and industries seeking decarbonization, Scatec is leveraging hybrid assets and new renewable projects to expand its leadership in Brazil. “Our focus is on optimizing operations and maximizing efficiency. Diversification allows us to meet growing PPA demand and stay resilient in a dynamic market.” - Aleksander Skaare, General Manager, Brasil.   🔋 Batteries: A Game-Changer: With Scatec’s global expertise in storage (South Africa, the Philippines, Egypt), the company is well-positioned to lead Brazil’s battery market as regulations advance. “Batteries optimize infrastructure, improve energy management, and help mitigate curtailment. We’re closely following regulatory progress to take the lead.”– Deborah Senna Canongia, VP of New Business, Latin America.   🌍 COP30 & Beyond: A Catalyst for Change: With the world's eyes on Brasil’s climate agenda, Scatec is committed to sustainable growth and positive social impact, as seen in initiatives like 'Women of Mendubim', empowering local communities. “We want to grow responsibly—prioritizing quality, safety, and a lasting impact on the communities we serve.” – Aleksander Skaare.   Full link to interview with Megawhat in the link below (Portuguese)  ⚡ Momentum is building. The capacity auction and evolving regulations make this a pivotal moment for Brazil’s energy sector. Scatec is ready. 🚀 Raquel Araujo, Msc Eduarda Sales Bruno Cazarotte Guilherme Coelho Emily Souza #EnergyTransition #BatteryStorage #RenewableEnergy #Scatec #COP30 #Brazil #PPA

🎙️ Our CEO Terje Pilskog spoke to Renewables Now Ltd's Martina Markosyan about our strategy, the year ahead, fundamentals for renewables and our financial results. ☀️📊 "We have built a solid foundation for further growth over the past 2 years, growing our EBITDA by 22% (2024 vs 2023) and we have built strong visibility of profitable near-term growth as we are maturing our backlog and pipeline. We currently have 2.7 GW of attractive projects (under construction and backlog) which will be connected to the grid over the coming years,” Pilskog told the online newswire. “Attractive fundamentals are driving our projects forward. Renewables are more competitive than ever, and this is especially the case in our core markets," he added. Check out the interview here: https://lnkd.in/dsA3q3XB

The road to Investing in African Mining Indaba 2025 started with an insightful evening at Scatec, as we hosted Norwegian-African Business Association (NABA) for a pre-event cocktail reception. Bringing together business leaders, government representatives, and diplomats, the event underscored the critical role of renewable energy in powering Africa’s mining industry. With Lyra Energy and Release by Scatec both participating in the week, we discussed solutions that enable cost savings, efficiency, and sustainability for energy-intensive industries. The discussions set the tone for an exciting Indaba, where we look forward to continuing the conversation on how renewables can drive mining’s future. #Improvingourfuture #Workingtogether

📊 Continued profitable growth 📊 “We have made good progress during the quarter with strong financial performance across segments, increased construction activities, and reduced our net corporate debt. We are well positioned for further profitable growth in 2025 based on a growing and maturing backlog and an attractive pipeline. We remain committed to continue strengthening our financial position by deleveraging on corporate level with proceeds from strategic divestments,” says CEO Terje Pilskog. Some financial highlights below: ✅In the fourth quarter, Scatec reported proportionate revenues of NOK 2.68 billion (1.59 billion), with an EBITDA of NOK 1.38 billion (0.81 billion). ✅For the full year, Scatec reported proportionate revenues of NOK 7.85 billion (12.37 billion), with an EBITDA of NOK 4.69 billion (3.85 billion). ✅Scatec’s power plants generated 1,138 GWh in the quarter, up from 811 GWh in the same quarter last year on a proportionate basis, mainly driven by new plants in operation. ✅Power production revenues were NOK 1.63 billion (1.04 billion) and EBITDA ended at 1.35 billion (0.82 billion). The increase was mainly driven by good performance in the Philippines, new plants in operation and an accounting gain from the divestment in South Africa. ✅The Development & Construction (D&C) segment delivered revenues of NOK 1.04 billion (0.53 billion) from construction activities in South Africa, Tunisia, Botswana and Brazil, with a strong gross margin of 12%. ✅Net corporate debt was reduced by approximately NOK 1 billion in the quarter resulting from repayment of USD 72 million drawn under the corporate Revolving Credit Facility and increase in cash. The cash increase was driven by solid operational cash flow, proceeds from the farm-down in South Africa and refinancing of project debt in the Philippines. ✅Scatec has today announced a contemplated issuance of a new expected NOK 1 billion green bond to extend the corporate maturity profile. The proceeds from the bond and available cash will be used to repay the EUR 114 million bond due 19 August 2025, enhancing financial flexibility. https://lnkd.in/d4j7Ugc6

We just wrapped up an insightful few days at the Mission 300 Africa Energy Summit in Tanzania - where industry leaders, policymakers, and investors gathered to shape the future of Africa’s energy sector! 🌍⚡ Hosted by African Development Bank Group and the The World Bank - our CEO, Terje Pilskog, and Release by Scatec CEO Hans Olav Kvalvaag engaged with leaders across the energy sector - reinforcing the urgent need for scalable, reliable, and sustainable solutions to meet Africa’s growing power demand. At Scatec, we remain committed to driving renewable energy deployment across the continent—whether through utility-scale solar, hybrid solutions, or innovative storage technologies. The message was clear: Africa needs accelerated investment in renewables to unlock its full potential. Scatec is ready to play its part by scaling up clean energy projects that drive impact, create jobs, and enable economic growth. The momentum is there—now, let’s keep building! 💡💚 #Improvingourfuture #Changemakers

Kicking off the week with a spotlight interview by Women in Solar Europe (WiSEu Network) with our very own Jeanette Pretorius, SVP Supply Chain. 🎙️"To all women in the industry and those looking to join the green transition: grab every opportunity available and be yourself. Your unique skill set and characteristics are your greatest assets. Together, we can continue to break barriers and pave the way for future generations," Jeanette says. Jeanette has been working in the industry since 2015. She grew up in 🇿🇦South Africa, and in 2020 she relocated to Norway from the Scatec Cape Town office to the 🇳🇴 Oslo HQ. Read the entire interview in pv magazine Global here: https://lnkd.in/dBhgD29X

🌟 Inspiring Conversations at The Conduit Oslo! 🌟 We were honoured to participate in a thought-provoking event featuring Nobel Peace Prize Laureate Dr. Denis Mukwege. The event highlighted the vital intersection of business, peace, and humanity. The session included a fireside chat with Marcus Bleasdale CMG, followed by a panel discussion led by Marius Døcker, Executive Director of Business for Peace Foundation. The panel brought together: tore laerdal, Oslo Business for Peace Honouree and visionary leader of Laerdal Medical, Enja Sæthren, Head of Government Affairs and Support Mechanisms at Scatec and Gudrun Østby, from Peace Research Institute Oslo (PRIO). Thank you for inviting us!

🌍 Last week, Release by Scatec attended the first edition of the #IFC Day in Congo gathering a large audience of the country's key public and private stakeholders in #Brazzaville to share insights, best practices and current trends in #Congo, across various sectors. IFC - International Finance Corporation 🎤 Release's Business Developer Romain Keppenne joined a panel discussion on the role of private actors in the development of the energy sector, sharing Release's vision of the energy transition in Africa and highlighting the advantages of our flexible leasing solar #PV & #BESS solution. ☀️ Release can leverage #solarenergy and turn it into a fast and flexible transition solution relevant to accelerate the shift to renewables and diversify the energy mix in the short run. 👏 A special thanks to the IFC team. #IFCDay #ReleasebyScatec