Scatec (SCATC)

TekBot · november 2, 2023, 6:44am

Correction: Scatec reports third quarter results: Focus and discipline

Oslo, 2 November 2023: Scatec corrects proportionate EBITDA to 893 million versus billion in the stock notice.

In the third quarter 2023, Scatec reported solid proportionate revenues of NOK 2.46 billion (1.63), with an EBITDA increase of 5 percent compared to the third quarter last year to NOK 893 million (850).
…

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Scatec’s third quarter report is available here: Latest quarterly results - Scatec

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy emerging markets. As a long-term player, we develop, build, own, and operate renewable energy plants, with 4.4 GW in operation and under construction across four continents today. We are committed to grow our renewable energy capacity, delivered by our passionate employees and partners who are driven by a common vision of ‘Improving our Future’. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’.

Kilde

Bingo123 · november 2, 2023, 8:07am

Endelig

Dressogslips · november 2, 2023, 9:00am

Disse folka gjør absolutt alt riktig.

God oppsummering her:

https://www.dn.no/bors/scatec/oslo-bors/tredje-kvartal-2023/scatec-dropper-utbytte-skylder-pa-makrookonomiske-forhold/2-1-1546785?abtest=b

E24Bot · november 2, 2023, 11:10am

Scatec tar grep etter rentehopp – stanser utbyttene

Bingo123 · november 3, 2023, 12:27pm

03.11.2023 08:33:26
SCATC: DNB OPPGRADERER TIL HOLD, NORDEA OPPJUSTERER KURSMÅL, DANSKE NEDJUSTERER
Oslo (Infront TDN Direkt): DNB Markets oppgraderer sin anbefaling og høyner sitt kursmål på Scatec. Nordea Markets oppjusterer, mens Danske Bank nedjusterer sitt kursmål på aksjen.

DNB Markets oppgraderer sin anbefaling på Scatec til hold fra tidligere en salgsanbefaling. Kursmålet på aksjen oppjusteres til 62 kroner, fra tidligere 55 kroner, ifølge en oppdatering fredag.

“Vi har et positivt syn på Scatecs disiplinerte melding om å stanser utbytteutbetalinger og tilpasse vekstmålet til likviditetssituasjonen (årlige egenkapitalinvesteringer ned rundt 65 prosent med et nytt vekstmål). Derfor anslår vi nå at veksten skal være fullfinansiert”, skriver meglerhuset.

Nordea Markets gjentar en kjøpsanbefaling på Scatec og høyner sitt kursmål til 110 kroner, fra tidligere 105 kroner, ifølge en oppdatering fredag.

“Selv om rapporten viste sterke tall, mener vi at lettelsesrallyet i aksjen i hovedsak var drevet av kommentarene om at Scatec ikke vil hente egenkapital for å finansiere vekst på kort sikt, men heller fokusere på andre finansieringskilder, samt å vokse i et tempo som er selvfinansiert”, skriver Nordea Markets.

“Selv om dette har vært vår forventning hele tiden, argumenterer vi for at bedre klarhet i kapitalallokeringen gjør investeringscaset mer overbevisende og legger grunnlaget for en positiv rerating”, skriver meglerhuset videre.

Danske Bank fastholder en kjøpsanbefaling på Scatec, mens kursmålet nedjusteres til 92 kroner fra tidligere 97 kroner, som følge av en lavere vekstprofil fremover

Carnegie fastholder sin kjøpsanbefaling på Scatec med kursmål 100 kroner.

Basert på disse fire så gir det en snitt kurs på 91,75 kr.

TekBot · november 15, 2023, 1:14pm

Ny rente

TekBot · november 16, 2023, 12:53pm

Ny rente

TekBot · november 21, 2023, 2:03pm

Scatec ASA: Mandatory notification of trade by primary insider

TekBot · november 30, 2023, 1:54pm

Scatec awarded battery storage project for 103 MW in government tender in South Africa

Oslo, 30 November 2023: Scatec ASA has been awarded preferred bidder status for
the Mogobe (Ferrum) battery energy storage project totalling 103 MW/ 412 MWh
under the first bid window of the Battery Energy Storage Independent Power
…

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Producer Procurement Programme (BESIPPPP) in South Africa, by the Department of
Mineral Resources and Energy. Scatec will dispatch power under a 15-year power
purchase agreement (PPA).

“This marks another significant achievement for Scatec in South Africa and for
the renewable energy transition in the country. Today’s award reaffirms our
standing as a leading renewable energy player in South Africa. We applaud the
South African government’s commitment and dedication to the battery storage
procurement programme,” says Scatec CEO Terje Pilskog.

Building on the experience garnered from our hybrid solar and battery storage
projects at Kenhardt, we have established ourselves as a frontrunner in the
dispatchable renewable energy landscape of South Africa and the African
continent.

“Once again, we have shown that dispatchable energy and grid infrastructure are
cornerstones to the sustainability of South Africa’s current and future energy
system,” adds Jan Fourie, EVP Sub-Saharan Africa, Scatec.

The request for proposal was issued on 7 March 2023, and bid submission on 2
August 2023. The programme aims to procure 513 MW of battery storage via the
Department of Mineral Resources and Energy, across five specific Eskom (national
utility) transmission substations in the Northern Cape province.

The estimated total capex for the battery energy storage project is ZAR 3.1
billion (USD 163 million) of which Scatec’s EPC contracts account for
approximately 83%. The project will be financed by ZAR 2.6 billion (USD 138
million) of non-recourse project debt and the remaining by equity from the
owners.

Scatec will own 51% of the equity in the project with Perpetua Holding owning
46.5% and a Community Trust holding 2.5%. Scatec will be the engineering,
procurement, and construction (EPC) provider and provide operations &
maintenance (O&M), as well as asset management (AM) services to the project.

According to the Department of Mineral Resources and Energy, commercial close is
expected to be concluded by June 2024.

For further information, please contact:
For analysts and investors: Andreas Austrell, VP IR, phone: +47 974 38 686,
andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)
For media: Meera Bhatia, SVP Communications & Government Affairs, phone:
+47 468 44 959, meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own, and operate renewable energy plants, with 4.3 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of ‘Improving our Future’. 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
(https://scatec.com/) or connect with us on LinkedIn
(Scatec ASA | LinkedIn).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · desember 2, 2023, 1:02pm

Scatec at COP28: Accelerating renewable energy transition from Egypt to South Africa

Dubai, 2 December 2023: This week, Scatec ASA, a leading renewable energy
company, is actively engaging in the UN Climate Change Conference in Dubai
(COP28). Our focus is to underscore renewable energy as an unequivocal solution
…

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to climate change and emphasise the critical need for increased green energy
investments in emerging markets.

COP28 serves as a pivotal platform for global stakeholders to reinforce
commitments aimed at averting catastrophic consequences of climate change.
Scatec aligns with climate experts in stressing the urgency of the situation and
the imperative to continue advancing towards the objectives outlined in the
Paris Agreement. There’s no time to waste, and collective progress is crucial
for safeguarding our planet’s future.

"We are at COP28 to highlight the key role renewable energy must play in our
energy future, “At COP28, our focus is on underscoring the crucial role
renewable energy must assume in shaping our energy future, particularly in
emerging markets,” states Scatec CEO Terje Pilskog. “To achieve our global
climate targets, a substantial escalation of renewable energy solutions across
various technologies is imperative.”

Egypt’s first hybrid solar and battery storage project
As part of these efforts, Scatec today signed a landmark early-stage cooperation
agreement together with the Egyptian Electricity Holding Company (EEHC) for a
future 1 gigawatt (GW) solar and 200 MWh battery storage project, during a
signing ceremony in Dubai today. In connection with this agreement, the African
Development Bank Group (AfDB) has signed a letter of intent for the financing
package of the project at competitive terms. Next steps in the initial
development phase include securing land lease agreements and grid connection for
the project.

Innovative and unique
A solar and battery storage plant uniquely combines two renewable technologies,
addressing intermittency challenges, enhancing grid stability, and providing
reliable, green power. Dispatchable power production and the ability to release
stored energy during peak demand make hybrid plants ideal for meeting region-
wide energy needs during periods of high consumption.

“We are very pleased with the agreements we were able to sign during COP28 and
thank all stakeholders and parties involved,” says Pilskog. “A project like the
one initiated today reinforces our commitment together with Egypt and Norway to
further accelerating the renewable energy transition.”

As COP28 gathers world leaders, civil society, and corporates, Scatec
underscores the importance of maintaining momentum in the pursuit of sustainable
solutions. The company’s plea for collaboration echoes the shared responsibility
to address climate challenges and marks a call to action for a resilient, green
future.

Our goal is to actively engage in conversations that expedite the green
transition. Leveraging our projects, we aim to demonstrate that impactful change
is not only achievable but can also be realised swiftly and at scale. Key
markets hold untapped potential, serving as catalysts for regional and
continental development.

For further information, please contact:
For analysts and investors: Andreas Austrell, VP IR, phone: +47 974 38 686,
andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)
For media: Meera Bhatia, SVP Communications & Government Affairs, phone:
+47 468 44 959, meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own, and operate renewable energy plants, with 4.3 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of ‘Improving our Future’. 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
(https://scatec.com/) or connect with us on LinkedIn
(Scatec ASA | LinkedIn).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

Bingo123 · desember 2, 2023, 1:09pm

Her er det bare å ta plass og nyte oppturen fremover.

Bingo123 · desember 4, 2023, 7:07pm

TekBot · desember 6, 2023, 10:41am

Financial calendar

Bingo123 · desember 6, 2023, 10:08pm

Interessant sett i lys av siste nyheter fra Scatec

TekBot · desember 11, 2023, 11:44am

Energising tomorrow: Scatec ignites one of the world’s largest hybrid solar and battery project in South Africa

Oslo / Cape Town, 11 December 2023: In a significant step towards a sustainable
and resilient future, Scatec ASA, a leader in renewable energy solutions, has
officially started producing and supplying electricity to the national grid from
…

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the three Kenhardt plants in the Northern Cape Province, in South Africa.

The Kenhardt project is positioned to make a notable impact on the renewable
energy landscape as one of the world’s first and largest hybrid solar and
battery storage facilities. With an installed solar capacity of 540 MW and a
battery storage capacity of 225MW/1,140MWh, this innovative and large-scale
project delivers 150 MW of dispatchable power from 5 am to 9.30 pm year-round to
the national grid under a 20-year Power Purchase Agreement with Eskom.

With a total investment of approximately USD 1 billion, the Kenhardt project
marks the largest commitment in Scatec’s history and will generate solid returns
to Scatec’s shareholders. The project debt is provided by a group of lenders
which includes The Standard Bank Group as lead arranger and British
International Investment (BII).

“Today, we embark on an exciting journey into a new era of energy solutions. The
Kenhardt project symbolises not only a technological triumph but a commitment to
shaping a sustainable future,” says Terje Pilskog, CEO of Scatec. “This is more
than just a power plant; it’s a testament to the limitless potential of
integrating solar and battery storage to meet the evolving energy needs of today
and tomorrow. I would like to congratulate the team of Scatec ‘changemakers’ who
have delivered this innovative project on schedule, within budget and with good
HSSE performance and thank all partners and stakeholders who have been integral
to this success.”

A hybrid solar and battery storage plant integrates solar and battery
technologies, overcoming intermittency challenges and bolstering grid stability.
With the ability to deliver reliable power in low or no sunlight, the integrated
storage enhances overall reliability. Dispatchable power production and
releasing stored energy during peak demand make these plants ideal for meeting
region-wide energy needs during high consumption periods.

Jan Fourie, EVP of Sub-Saharan Africa, emphasises the significance of this
endeavour, stating, “This isn’t just about powering homes; it’s about empowering
communities. The Kenhardt project showcases the resilience and reliability of
renewable energy, proving it to be a steadfast source of electricity capacity
for the grid. Dispatchable renewables are the future.”

“The progression from the development phase through construction, and now
reaching the stage of commercial operation, has been a rewarding experience. We
are ready to generate electricity and play a vital role in advancing South
Africa’s green energy production with this innovative hybrid energy solution,”
adds Fourie.

Scatec holds 51% of the equity and H1 Holdings, our local Black Economic
Empowerment partner, owns the remaining 49%. This collaboration is not just
about generating power; it’s about empowering and fostering sustainable growth.

For further information, please contact:
For analysts and investors: Andreas Austrell, VP IR, phone: +47 974 38 686,
andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)
For media: Meera Bhatia, SVP Communications & Government Affairs, phone:
+47 468 44 959, meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)

Notes to editors:
At peak construction the site employed 2,600 workers, with a high proportion of
women, fuelling local employment and community benefits. Spanning 879 hectares
and measuring 10 km North to South, construction started in July 2022 and
included the installation of almost 1 million PV modules. The battery facility
comprises 456 units, each matching the size of a shipping container, weighing
30 tonnes. The extensive project involves more than 9,000 kilometres of cabling,
equivalent to the distance from Norway to South Africa. Notably, the project
outperformed fossil fuels in a competitive bid, cementing renewables’ ascendance
as the most cost-effective electricity source.

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own, and operate renewable energy plants, with 4.3 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of ‘Improving our Future’. 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
(https://scatec.com/) or connect with us on LinkedIn
(Scatec ASA | LinkedIn).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

Bingo123 · desember 12, 2023, 7:10pm

TekBot · desember 13, 2023, 7:46am

Release by Scatec partners with IFC for clean and affordable power to Africa

13 December 2023: Release by Scatec (Release), has signed a USD 100 million loan
agreement with the World Bank’s International Finance Corporation (IFC). The
loan agreement is part of a larger partnership to provide a simpler, more
…

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affordable, and cleaner offering of power to African utilities, which also
includes a USD 65 million guarantee facility to support the payment obligations
of Release’s customers. The objective is to replace costly diesel and expand
electrification in the region.

Release operates on a unique leasing model, providing flexible short- or long-
term contracts for the mining and utilities market, primarily in Africa, based
on modular, movable and redeployable equipment.

IFC is the largest global development institution renowned for its instrumental
role in supporting private sector development, and the loan from IFC will
provide funding on a portfolio level for Release’s further development and
installation of assets to be leased to African utilities.

The purpose of the guarantee facility is to guarantee payments to Release from
the counterparties leasing the solar and battery equipment. The structure
provides risk mitigation for Release while allowing African utilities and
governments to secure affordable renewable energy from solar and batteries,
without the financial commitment required for the conventional infrastructure
projects. The partnership with IFC will thereby represent a significant catalyst
for further growth of the Release platform.

The first project where the combined project loan and guarantee structure will
be applied is for a 35 MW solar and 20 MWh battery project in N’djamena in Chad,
where a lease contract has already been signed. Release’s existing and operating
projects in Northern Cameroon of 36 MW of solar PV and 20 MWh of batteries will
also form part of the portfolio financing and discussions on extending the
capacity of these projects are currently ongoing with the utility.

“This highly innovative solution enables countries to deploy solar power
projects quickly, allowing African countries to swiftly ramp up to meet rising
energy demand with clean power solutions,” said Sarvesh Suri, IFC’s Regional
Industry Director for Infrastructure and Natural Resources, Africa. “Our
ambition is to deploy this replicable solution, in partnership with Release in
multiple countries across sub-Saharan Africa within a short timeframe, allowing
more people to benefit from the economic growth that comes with reliable,
affordable access to electricity.”

“I am delighted that, through this partnership between Scatec and IFC, Chad has
been chosen as the first country to benefit from a solar power plant to support
the government’s efforts to meet the energy access needs of our populations,”
said Alixe Naïmbaye, Minister of Hydrocarbons and Energy of Chad. “In addition,
the liquidity guarantee facility granted by the World Bank to Société Nationale
d’Electricité underlines the strong commitment of the World Bank Group to
facilitating partnerships with private investors.”

“We are excited to secure the partnership with IFC for our innovative solar
leasing solution Release. IFC’s support is testimony to the solid business model
of Release, the general demand and need for such an innovative solution in the
market and our proven track record in developing renewable energy solutions,”
says Scatec CEO, Terje Pilskog, who is also Chair of Release.

“The innovative approach of Release follows a dynamic rolling delivery model of
build, connect, and deliver. Looking ahead, Release is actively exploring
additional opportunities in Cameroon, Liberia, and the rest of West- and
Central-Africa, reinforcing its commitment to advancing renewable energy
solutions across the African continent and other select markets,” says Release
CEO Hans Olav Kvalvaag.

This significant step comes after Release recently raised USD 102 million in
funding from Climate Investor One, a fund managed by Climate Fund Managers, a
leading climate-centric blended finance fund manager backed by FMO, the Dutch
Development Bank, and Sanlam Infraworks, part of the Sanlam Group of South
Africa.

For further information, please contact:
For analysts and investors: Andreas Austrell, VP Investor Relations, tel:
+47 974 38 686, andreas.austrell@scatec.com
For media: Meera Bhatia, SVP Communications & Government Affairs, tel:
+47 468 449 59, meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)

For images, please see Release image gallery (https://releasesolar.com/news-
downloads/)

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own, and operate renewable energy plants, with 4.3 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of ‘Improving our Future’. 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
(https://scatec.com/) or connect with us on LinkedIn
(Scatec ASA | LinkedIn).

About Release
Release is a modular and movable solar PV and Battery Energy Storage offering
“energy-as-a-service”. The equipment is pre-financed and deployed under a simple
and flexible leasing contract. The mobility of the equipment enables Release to
assess its useful lifespan, enabling the company to provide cost-effective
short-term contracts. Release is gaining momentum in the market and has projects
in operation and under construction in Cameroon, South Africa, Mexico, and South
Sudan, boasting a combined capacity of 47 MW of solar PV and 20 MWh of battery
storage.

Release is owned 68% by Scatec and 32% by Climate Investor One, managed by CFM.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

anon14860022 · desember 14, 2023, 8:53pm

Her kommer DNB med en salgsanbefaling med «kursmål» 70 kroner, to dager før vi andre få vite at de har hanket inn lån og garantier for store prosjekter i Afrika.

Dette lukter jo bare helsvidd juleribbe.
Det burde være straffbart at en bank som DNB bedriver juks over en lav sko.
Dette har de holdt på med i evig tid… Jeg husker meglere som i sin tid på morgenmøtene hadde fått beskjed om å prakke visse aksjer på oss småaksjonærer fordi noen store skulle kvitte seg med store poster ( 80 tallet). Nå var det riktignok i Kreditkassen, men også i den banken jeg jobbet i på 70 tallet ble vi gitt instrukser ovenfra.

pleximus83 · desember 14, 2023, 9:51pm

DnB hadde nettopp en fundamentalrapport ute som hadde overskriften “Lower rates is not enough”

anon14860022 · desember 15, 2023, 12:38am

Det ser ut til at du har fulgt de tett over lang tid. Jeg synes aksjen er kompleks, og at det er vanskelig å verdivurdere de.
Det er også den som har påført meg størst tap. ( Ikke noe synd på meg…tjent grovt på HEX+, og annet grønt). Feilvurderingen i sin tid var at jeg ikke undersøkte hva grønn finansiering er i praksis… Helt elementær feil. Jeg regner ikke med gunstigere finansieringer fremover enn det som er pt. ( ytre rammen). Det mest spennende er i grunn å jobbe for de tror jeg ( noe jeg ikke gjør)…
Hva slags forhåpninger har du etter at de har lagt om sin fortjenestemodell?