Scatec ASA/Nkr SCATC

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About Scatec ASA

Scatec ASA is a renewable energy company headquartered in Oslo, Norway. It specializes in the development, construction, and operation of solar power plants, as well as hydroelectric, wind, and battery storage solutions. Established in 2007, Scatec has expanded its operations across multiple continents, focusing on developing countries, and has a significant presence in Africa, Asia, and Latin America. The company is strategically positioned to leverage its expertise in renewable energy project development and management to contribute to global sustainability goals. Scatec's integrated business model allows it to participate in every stage of the renewable energy value chain, from project conception to operation and maintenance.
Ticker
Nkr SCATC
Sector
Energy
Primary listing
XOSL
Employees
737
Headquarters
Oslo, Norway
Website
scatec.com

Scatec ASA Metrics

BasicAdvanced
kr 16B
-
-kr 1.77
1.24
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Bulls say / Bears say

Scatec commenced commercial operations for the second phase of its 1.1 GW Obelisk solar and battery storage project in Egypt on August 12, adding 564 MW of solar capacity and expected to abate over 1.2 million tonnes of CO₂ annually under a 25-year USD PPA. (Reuters)

> Scatec’s flagship Obelisk project in Egypt is projected to save the country up to $400 million annually in LNG import costs, demonstrating the competitive economics of its large-scale solar-plus-storage solutions. (Bloomberg)
> Scatec won 846 MW of solar PV projects in South Africa’s latest government tender, representing an estimated project cost of ZAR 13 billion (USD 735 million) and strengthening its backlog in a key growth market. (Reuters)

Equinor halved its stake in Scatec ASA, selling an 8.07 % holding for approximately NOK 1.61 billion, signaling reduced confidence from a strategic partner and potential funding headwinds. (Bloomberg)

> Norway’s Scatec saw its Q2 proportionate revenue fall year-on-year due to a NOK 231 million one-off tariff adjustment in the Philippines, highlighting dependency on regulatory approvals and earnings volatility. (Reuters)
> Scatec’s Q2 FY26 net profit swung to a loss of NOK 157 million from a profit of NOK 314 million a year earlier, underlining volatile profitability and sensitivity to project timing and one-off items. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 25 Aug 2026.

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