“Our company was founded on the belief that it has an essential role to play in providing clean and affordable energy,” says CEO Terje Pilskog. “For the world to reach its climate targets, emerging economies must be part of the solution.”
Scatec has built a strong position over time, with over 700 employees and an EBITDA of NOK 2.3bn. As Scatec’s main bank, Nordea has played a key role in the company’s growth journey from the start, providing corporate lending, trade finance and support in raising debt and equity capital. Nordea helped finance Scatec’s USD 1.1bn acquisition of SN Power in 2021.
“We have a strong partnership with Nordea. We would like to thank the team for their leadership and work supporting the green shift,” says Terje Pilskog. He adds that it’s in Scatec’s DNA to continually seize new opportunities:
“Our integrated business model and partnership approach will continue to be at the core of what we do, whether it be in traditional renewables or related to green hydrogen.”
