Third quarter: Strong financial results and 394 MW moved into construction
(WorldNews Norway)

Oslo, October 20, 2017: Scatec Solar`s third quarter consolidated revenues reached NOK 655 million, up from 281 million in the same period last year. Consolidated EBITDA reached NOK 595 million, up from NOK 222 million last year. Power production reached 157 GWh in the third quarter, broadly in line with the same quarter last year excluding divestments, and up 7% from previous quarter. Scatec Solar has entered into a partnership agreement with Statoil ASA to establish a 50/50 joint venture to build, own and operate large scale solar plants in Brazil. The Joint Venture has an ambition to...