About Scatec Solar
Scatec Solar is a publicly listed company based in Oslo (Norway) founded in 2007. Independent solar energy production is conducted globally by the firm. The company has 808 employees. Scatec Solar has completed 1 acquisition, including SNPower. Its chief executive, as recorded, is Raymond Carlsen. Scatec Solar offers products and services including Solar Power Plant, Wind Power Plant, Hydro Power Plant, and Energy Storage Solutions. Its focus areas include Energy, Solar Energy, Independent Power Producer and Utility. Its legal entity is SCATEC ASA. Its competitors include EAM Solar and Aega.
Company details
Scatec Solar offers Solar Power Plant, Wind Power Plant, Hydro Power Plant, Energy Storage Solutions while focusing on working in the energy sector, developing solar energy systems, independent power producer, and utility. Independent solar producers. Delivering reliable solutions, it emphasizes quality, efficiency, and meeting diverse client needs.
- Headquarters Oslo, Norway
- Employees 808
- Stage Public
- SectorsEnergy & Utilities
- Website scatecsolar.com
- Social LinkedIn X
- Legal Name Scatec Asa
- Annual Revenue$360.15 M (USD)-16.94as on Dec 31, 2025
- Net Profit$97.03 M (USD)-25.29as on Dec 31, 2025
- EBITDA$232.16 M (USD)-27.33as on Dec 31, 2025
- InvestorsInternational Finance Corporation
& 4 more
- Employee Count808
- Investments & Acquisitions
Products & Services of Scatec Solar
Scatec Solar offers a comprehensive portfolio of products and services, including Solar Power Plant, Wind Power Plant, Hydro Power Plant, and Energy Storage Solutions.
Develops and operates solar energy facilities for clean power
Manages wind energy projects for sustainable electricity
Builds and runs hydro plants for reliable energy generation
Provides storage systems for efficient energy management
Funding Insights of Scatec Solar
- Total Rounds 12
- Investors Count 5
Latest 10 of 12 funding rounds of Scatec Solar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2020 | Post-IPO | – | – | – | |
| May 2020 | $191.97M | Post-IPO | – | – | – |
| Dec 2019 | $84.06M | Post-IPO | – | – | |
| Sep 2019 | $145.64M | Post-IPO | – | – | – |
| Nov 2018 | $82.33M | Post-IPO | – | – | |
| Jun 2018 | $74.64M | Post-IPO | – | – | – |
| Mar 2018 | $14M | Post-IPO | – | – | |
| Mar 2018 | $55M | Debt – Conventional | – | – | |
| Mar 2018 | $7M | Grant | – | – | |
| Oct 2017 | $237M | Debt – Conventional | – | – | – |
5 investors in total: 5 institutional.
Investors in Scatec Solar
Scatec Solar has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include International Finance Corporation, Equinor and Norfund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
It invests in developing countries to create jobs and improve lives | 1998 | norfund.no | Oslo, Norway | |
Petroleum, natural gas, petrochemicals, and electrical power are produced globally. | 1972 | equinor.com | Stavanger, Norway | |
Infrastructure fund focused on energy, telecom, transport, gas, mining, and agri sectors | 2001 | eaif.com | London, United Kingdom | |
Infrastructure development services are provided to support global projects. | 2002 | pidg.org | London, United Kingdom |
Investor details for Scatec Solar
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People of Scatec Solar
101 people are tracked at Scatec Solar (21 in leadership, 8 in board & advisors, 72 in team); the tracked headcount is 808.
| Name | Role | Group |
|---|---|---|
Raymond Carlsen | CEO | Leadership |
Ken Larsen | Head Of Enterprise Architecture | Leadership |
Alexander Levi | VP Global Compliance Officer | Leadership |
Natalia Mikhailova | Global Recruitment And HR Director | Leadership |
Frank B. | People & Organization Director | Leadership |
Line Askeland | HR Director - Region Asia And Solutions | Leadership |
David Puigdemont | Senior Vice President Finance & Asset Management | Leadership |
Henrik Falk Aas | VP Energy Portfolio Management | Leadership |
Ole Gran | Senior Vice President Finance | Leadership |
Maria Eduarda Sales | Finance & Asset Management Director | Leadership |
Lucinda Sharma-Gibbs | VP Business Development, Europe | Leadership |
Maurits Jager | Head Of Project Finance & Investments | Leadership |
Julie Hamre | Vice President Sustainability Reporting & Strategy | Leadership |
Ann-Mari Lillejord | Executive Vice President - Europe & Latin America | Leadership |
Kine Johanne Årdal | Chief Digital And Information Officer (cdio) | Leadership |
Elnalene Cornelius | VP Legal | Leadership |
Deborah Senna Canongia | Vice President Business Development Latam | Leadership |
Alina Sviderska | General Manager (ukraine) | Leadership |
Erika Stenvik | Head Of Quality And Governance | Leadership |
Aleksander Skaare | Senior Vice President Projects - Latam | Leadership |
81 more people are available in the full profile.
Complete people profiles for Scatec Solar
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IPO & Listings of Scatec Solar
Scatec Solar is a publicly listed company on the OSL with ticker symbol SCATC in Norway, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date02 Oct 2014
- Listed onEuronext: SSO
- Listed entityScatec ASA
- Exchange sectorUtilities
- ISINNO0010715139
- Share price106.50 NOK (+0.57% on the day) · 2026-10-14
- Market capitalisation16,935,240,419.00 NOK
- Price to earnings18.3
- EPS (diluted, trailing year)-1.35 NOK
- Volume (last session)3,385
Financials of Scatec Solar
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 3.63B NOK | 978.0M NOK | 2.34B NOK |
| 2024 | 4.37B NOK | 1.31B NOK | 3.22B NOK |
| 2023 | 3.40B NOK | 628.0M NOK | 2.25B NOK |
| 2022 | 3.00B NOK | -1.33B NOK | 1.81B NOK |
| 2021 | 3.04B NOK | 388.0M NOK | 2.14B NOK |
Detailed financial statements for Scatec Solar
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Investments & Acquisitions by Scatec Solar
Scatec Solar has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SNPower.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Hydropower plants in emerging markets are developed and managed. | snpower.com | Oslo, Norway | 2002 | Oct 2020 | $1.17B |
Complete acquisition details for Scatec Solar
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Timeline of Scatec Solar
5 dated milestones of Scatec Solar across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Scatec Solar is founded.
- Funding First funding round.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires SNPower.
- Funding Latest funding round, Post-IPO,.
Competitors of Scatec Solar
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| eamsolar.no | 2010 | Oslo, Norway | Solar power plants are acquired and operated under long-term contracts. | |||
| aega.no | 2013 | Oslo, Norway | 1 | Solar power plants are acquired and operated in Italy. |
Detailed competitors of Scatec Solar
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Related news about Scatec Solar
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Frequently Asked Questions about Scatec Solar
Scatec Solar was founded in 2007 and raised its 1st funding round 5 years after it was founded.
Scatec Solar is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Raymond Carlsen is the CEO of Scatec Solar, as recorded in our data.
Scatec Solar has 808 employees.
Annual revenue of Scatec Solar is $360.15M as on Dec 31, 2025.
Scatec Solar offers Solar Power Plant, Wind Power Plant, Hydro Power Plant, Energy Storage Solutions while focusing on working in the energy sector, developing solar energy systems, independent power producer, and utility. Independent solar producers. Delivering reliable solutions, it emphasizes quality, efficiency, and meeting diverse client needs.
Scatec Solar offers Solar Power Plant, Wind Power Plant, Hydro Power Plant, and Energy Storage Solutions.
Yes, Scatec Solar is publicly traded on OSL under the ticker symbol SCATC.
Scatec Solar has made 1 acquisition, including SNPower.
Scatec Solar has 5 investors. Key investors include International Finance Corporation, Equinor, Norfund, Emerging Africa Infrastructure Fund, and PIDG.
Scatec Solar operates through Scatec Asa.