In February, we completed the installation of a PV-diesel hybrid system to supply solar power to the UN House compound in Juba, South Sudan which is housing peace keeping forces from around the world. The renewable energy provided to the compound will reduce the diesel fuel usage significantly. “We are proud to deliver our first hybrid project to UNMISS’ operations. Scatec is currently cooperating with United Nations organisations on three projects and we find it rewarding to help provide the UN operations in South Sudan with clean and cost-efficient energy”, said CEO of Scatec, Raymond Carlsen.
Building a global leader in renewables
We develop, build, own and operate renewable power plants globally
In April, we grid connected and started commercial operation of the third 86 MW solar plant in Upington, South Africa, completing the 258 MW solar power complex. “We are proud to have achieved this major milestone. Power supply is considered critical infrastructure, and we are pleased to be supporting South African power supply with renewable energy to another 40,000 households annually, said CEO of Scatec.
In May, Scatec and partners grid connected and started commercial operations of the 54 MW Boguslav project in the Kyiv region, Ukraine. “We are pleased to complete our second project in Ukraine less than ten months after closing the financing. The solar plant will lead to the abatement of more than 24,000 tonnes of CO² emissions and contribute to growing the share of renewable energy in the country”, said Raymond Carlsen, CEO of Scatec.
In June, Scatec commissioned a combined solar and battery storage plant in Malakal, South Sudan. The plant powers the Humanitarian Hub, which is managed by the International Organization for Migration (IOM). The project reduces the diesel consumption at the Hub by at least 80%. “We are thrilled to have completed this project for IOM and the Humanitarian Hub in Malakal. This is our second hybrid project for a United Nations (UN) organisation in South Sudan,” said CEO of Scatec, Raymond Carlsen.
In September, the Governance Group published its annual analysis of ESG reporting – ESG 100 – rating the 100 largest companies on the Oslo Stock Exchange. Scatec was rated A, placing the Company in the top category among companies excelling at ESG reporting.
In October, Scatec grid connected and reached commercial operation for the 47 MW Redsol project in Northwest Malaysia. “As the leading independent power producer in Malaysia, we are pleased to reach this important milestone for our fourth project in the country. We expect that the government will maintain the same level of ambition for the renewable energy sector as before, and Malaysia continues to be a prioritised market for Scatec”, said Raymond Carlsen, CEO of Scatec.
In October, Scatec signed a binding agreement to acquire 100% of the shares in SN Power, a leading hydropower developer and IPP, from Norfund for a total equity value of USD 1,166 million. The acquisition forms an important part of Scatec’s broadened growth strategy, with an ambition to become a global large-scale player in solar, hydro, wind and storage solutions, and an integrator of high-value infrastructure solutions.
In Scatec’s second year of reporting to the global environmental disclosure system CDP, the company was recognised for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A’ List for tackling climate change.
End of December, Scatec and partner FMO, the Dutch entrepreneurial development bank, grid connected the 32 MW Kamianka project in the Cherkasy region, Ukraine and will started commercial operations on 1 January 2021. “We are pleased to complete our third project in Ukraine. The Kamianka solar power plant will lead to the abatement of more than 15,000 tonnes of CO² emissions, and will contribute to growing the share of renewable energy in the country”, said Raymond Carlsen, CEO of Scatec.
Building a global leader in renewable energy
In a year otherwise characterised by global crisis caused by COVID-19, we have expanded our strategy and made the greatest acquisition since our establishment. Our ambition is to become a global player in solar, hydro, wind and storage solutions, and an integrator of high-value infrastructure solutions.Read more
GHG emissions avoided
Power produced in 2020
(GWh, 100% basis)
Target by end 2025
Acquisition of leading hydropower player SN Power
Late January 2021, Scatec completed its largest transaction, the USD 1.1 billion acquisition of SN Power from Norfund. The transaction was announced in October 2020 and forms an important part of Scatec’s broadened growth strategy, to become a global player in solar, hydro, wind and storage solutions, and an integrator of high-value infrastructure solutions.Read more