The company operates through Power Production and Development & Construction segments, producing and selling solar, wind, and hydro generated electricity. In 2020, Scatec Solar acquired SN Power from Norfund, reflecting the company's broadened strategy of including hydropower, windpower, floating solar and energy storage systems in its portfolio. This diversification across renewable technologies and geographic reach positions Scatec as a comprehensive clean energy platform.
Cyborg Score Rationale
Scatec operates solar power plants in operational and under construction in Philippines, Laos, South Africa, Egypt, Malaysia, Brazil, Argentina, Honduras, Ukraine, Jordan, Mozambique, Czech Republic, Uganda, Vietnam, and Rwanda. The company demonstrates solid execution with significant capacity growth and multiple revenue streams from power production and construction services.
Top Insights
In March 2025, Scatec started commercial operation of the first 60 MW of the 120 MW Mmadinare Solar Cluster in Botswana
Scatec officially began construction on its $590 million, 1.1 GW Obelisk solar project in Egypt with 200 MWh of battery energy storage
Scatec is a leading player in renewable energy with a global reach and 6.2 GW of renewable energy plants in operation and construction
The two major shareholders of the company are Scatec Innovation AS and Equinor
Named Competitors
Renewable Energy Solutions — Diversified North American renewable and traditional power producer
Global Renewable Portfolio — Large-scale renewable energy producer with global operations
Independent Power Producer — Global renewable energy platform with hydropower focus
Recent Developments
(March 2025) Mmadinare Solar Cluster first phase operational in Botswana (60 MW)
(Recent) Obelisk solar project under construction in Egypt ($590M, 1.1 GW capacity)
(2025) Expansion into Romania through partnership with Defic Globe
(2020) Acquisition of SN Power broadening technology portfolio to hydro, wind, and storage
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