About Scatec Solar
Scatec Solar is a company based in Oslo (Norway) founded in 2007.. The company has 808 employees as of December 31, 2024. Scatec Solar has completed 1 acquisition, including SNPower. Scatec Solar offers products and services including Solar Power Plant, Wind Power Plant, Hydro Power Plant, and Energy Storage Solutions. Scatec Solar operates in a competitive market with competitors including Acciona Energy, TerraForm Power, EAM Solar and Aega, among others.
- Headquarter Oslo, Norway
- Employees 808 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Scatec Asa
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Annual Revenue
$384.91 M (USD)28.51as on Dec 31, 2024
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Net Profit
$115.38 M (USD)108.44as on Dec 31, 2024
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EBITDA
$283.62 M (USD)43.25as on Dec 31, 2024
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Latest Funding Round
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Investors
International Finance Corporation
& 4 more
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Employee Count
808
as on Dec 31, 2024
- Investments & Acquisitions
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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.
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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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Finance and Accounting
25 people
Software Development Team
14 people
Senior Team
9 people
Board Team
7 people
Human Resources and Administration
7 people
Leadership Team
5 people
Legal and Compliance
5 people
Sales and Marketing
5 people
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Funding Insights of Scatec Solar
- Total Funding Total Funding
- Total Rounds 12
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Post-IPO - Scatec Solar | Valuation |
investors |
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| May, 2020 | Amount | Post-IPO - Scatec Solar | Valuation |
investors |
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| Dec, 2019 | Amount | Post-IPO - Scatec Solar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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It invests in developing countries to create jobs and improve lives
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Founded Year | Domain | Location | |
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Petroleum, natural gas, petrochemicals, and electrical power are produced globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Scatec Solar
Scatec Solar has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SNPower. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Hydropower plants in emerging markets are developed and managed.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Scatec Solar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Scatec Solar Comparisons
Competitors of Scatec Solar
Scatec Solar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Acciona Energy, TerraForm Power, EAM Solar and Aega, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Renewable energy is developed, constructed, and marketed globally.
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| domain | founded_year | HQ Location |
Independent power producers and investors
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| domain | founded_year | HQ Location |
Solar power plants are acquired and operated under long-term contracts.
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| domain | founded_year | HQ Location |
Solar power plants are acquired and operated in Italy.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Scatec Solar
Frequently Asked Questions about Scatec Solar
When was Scatec Solar founded?
Scatec Solar was founded in 2007 and raised its 1st funding round 5 years after it was founded.
Where is Scatec Solar located?
Scatec Solar is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Who is the current CEO of Scatec Solar?
Raymond Carlsen is the current CEO of Scatec Solar.
How many employees does Scatec Solar have?
As of Dec 31, 2024, the latest employee count at Scatec Solar is 808.
What is the annual revenue of Scatec Solar?
Annual revenue of Scatec Solar is $384.91M as on Dec 31, 2024.
What does Scatec Solar do?
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.
Who are the top competitors of Scatec Solar?
Scatec Solar's top competitors include Acciona Energy, TerraForm Power and EAM Solar.
What products or services does Scatec Solar offer?
Scatec Solar offers Solar Power Plant, Wind Power Plant, Hydro Power Plant, and Energy Storage Solutions.
Is Scatec Solar publicly traded?
Yes, Scatec Solar is publicly traded on OSL under the ticker symbol SCATC.
How many acquisitions has Scatec Solar made?
Scatec Solar has made 1 acquisition, including SNPower.
Who are Scatec Solar's investors?
Scatec Solar has 5 investors. Key investors include International Finance Corporation, Equinor, Norfund, Emerging Africa Infrastructure Fund, and PIDG.
What is Scatec Solar's ticker symbol?
The ticker symbol of Scatec Solar is SCATC on OSL.