Scatec
A Norwegian renewable-energy company that develops, builds, owns, and operates utility-scale clean-energy projects.
Last updated October 30, 2026
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Overview
Scatec is a Norwegian renewable-energy company headquartered in Oslo. Founded in 2007 by Dr. Alf Bjørseth, it initially operated under the Scatec Solar name and concentrated on the development, construction, ownership, and operation of large photovoltaic power plants, particularly in emerging markets. Its early identity was therefore closely associated with utility-scale solar rather than with a broad portfolio of renewable technologies. The company worked on projects in several international markets and on several occasions partnered with the Norwegian government to deliver renewable-energy developments. Its activities extended beyond a single national market, with offices reported in Germany, the Czech Republic, Italy, France, the Netherlands, the United States, South Africa, and India. It also invested in solar projects in Ukraine and pursued project opportunities in Brazil. This international footprint reflected a business model based on originating and executing large infrastructure projects rather than selling consumer energy products. Scatec broadened its strategic scope during the late 2010s and early 2020s. In 2020, it acquired SN Power from Norfund. The transaction expanded the company’s capabilities and asset base beyond photovoltaic generation, bringing hydropower into a strategy that also contemplated wind power, floating solar, and energy-storage systems. In November 2020, the company changed its name from Scatec Solar ASA to Scatec ASA to signal this wider renewable-energy orientation. Scatec’s business model combines project development, engineering and construction, ownership, and operations. In practical terms, this allows the company to participate across the life cycle of a renewable-energy asset: identifying an opportunity, arranging and executing development and construction, retaining an ownership interest, and operating the completed facility. Its principal offerings are therefore infrastructure platforms and generating assets rather than branded consumer goods. The company’s major technology areas include ground-mounted photovoltaic solar, hydropower, wind power, floating solar, and energy storage. The available reference material describes Scatec as an active renewable-energy company, but does not establish a complete current list of projects, capacity figures, financial performance, or present executive leadership. Scatec is best characterized as an international clean-energy infrastructure developer and operator whose corporate identity evolved from a specialized solar business into a multi-technology renewable-energy company. The company’s main technology areas include ground-mounted photovoltaic solar, hydropower, wind power, floating solar, and storage. Available references describe Scatec as an active renewable-energy company but do not provide a complete current project list, capacity data, financial results, or current executive information. Scatec is best described as an international clean-energy infrastructure developer and operator whose corporate identity evolved from a specialized solar business into a multi-technology renewable-energy company.
History
Scatec was established in Norway in 2007 by Dr. Alf Bjørseth. The company began as a specialist in solar energy, developing, constructing, owning, and operating large photovoltaic installations. Its emphasis was on utility-scale systems and emerging markets, positioning it as an infrastructure developer rather than a manufacturer of solar panels or a consumer-facing energy brand. During its solar-focused period, Scatec built an international project platform. It maintained offices in a number of European countries, as well as in the United States, South Africa, and India, and it invested in solar projects in Ukraine. The company also partnered with the Norwegian government on several projects. These partnerships formed part of its approach to developing renewable-energy infrastructure in markets where public-sector cooperation could support project execution. The company’s strategic direction widened over time. In 2020, Scatec acquired SN Power from Norfund. The transaction brought hydropower into the company’s activities and supported a broader renewable-energy model that also included wind power, floating solar, and energy storage. This change was reflected in the corporate renaming announced in November 2020: Scatec Solar ASA became Scatec ASA. The new name removed the restriction implied by the former solar-specific identity and represented the company’s stated move toward a multi-technology renewable portfolio. Scatec’s core operating model spans several stages of an energy project’s life cycle. It identifies and develops opportunities, supports construction and delivery, retains ownership interests in generating assets, and operates completed facilities. The resulting business is based on long-lived power infrastructure and international project execution. The company’s described technology scope includes photovoltaic solar, hydropower, wind power, floating solar, and storage systems. Scatec’s international operations and investments have included Europe, North America, Africa, Asia, and selected emerging markets. The available reference material specifically identifies offices in Germany, the Czech Republic, Italy, France, the Netherlands, the United States, South Africa, and India, together with solar investments in Ukraine and project activity in Brazil. It does not provide enough information to establish a definitive current project list or current geographic breakdown. In November 2021, Scatec became associated with a widely reported COVID-19 outbreak following a Christmas party in Oslo. The gathering involved 120 people, all described as vaccinated and tested before the event. One attendee had recently returned from South Africa and was later found to have the Omicron variant; more than half of those attending subsequently tested positive, including at least 13 confirmed Omicron cases. This episode is the principal scandal-related event identified in the supplied reference material. Scatec remains an active Norwegian renewable-energy company. Its historical development can be summarized as a transition from a solar-specialist developer into a broader renewable-energy infrastructure group, with activities spanning project development, construction, ownership, and operations across several clean-energy technologies.
- 2021
COVID-19 outbreak follows Oslo company event
[1]A November Christmas party attended by 120 people was followed by a large COVID-19 outbreak, including confirmed Omicron infections.
- 2020
Acquisition of SN Power
[1]Scatec acquired SN Power from Norfund, broadening its renewable-energy portfolio and adding hydropower to its strategic scope.
- 2020
Corporate name changed to Scatec ASA
[1]The company changed its name from Scatec Solar ASA to Scatec ASA in November to reflect its expansion beyond solar energy.
- 2007
Scatec is founded
[1]Dr. Alf Bjørseth founded the Norwegian company, which initially focused on large-scale photovoltaic energy projects.
Products and positioning
An international renewable-energy infrastructure developer and operator focused on utility-scale projects and a diversified portfolio of solar, hydropower, wind, floating-solar, and storage technologies.
Solar energy infrastructure · 2007
Photovoltaic solar projects
Large-scale photovoltaic systems were Scatec’s original and defining business area. The company developed, constructed, owned, and operated utility-scale solar installations, especially in emerging markets. These projects represent infrastructure assets rather than consumer solar products and form the foundation from which Scatec expanded into other renewable technologies.
Hydropower infrastructure · 2020
Hydropower projects
Hydropower became part of Scatec’s strategic portfolio through its 2020 acquisition of SN Power from Norfund. The transaction expanded the company’s capabilities beyond solar and added a generation technology based on established renewable-energy infrastructure and long-term asset operation.
Wind energy infrastructure · 2020
Wind-power projects
Wind power is one of the technologies included in Scatec’s broadened renewable-energy strategy. The supplied reference material identifies wind as part of the portfolio direction after the company moved beyond its former solar-only positioning, but does not specify individual wind projects or commercial product names.
Solar energy infrastructure · 2020
Floating solar systems
Floating solar is included among Scatec’s expanded technology areas. It extends the company’s photovoltaic expertise to water-based installations and forms part of the broader multi-technology renewable platform adopted after the Scatec Solar period.
Energy storage infrastructure · 2020
Energy-storage systems
Energy storage is another area identified in Scatec’s broadened portfolio. Storage can be paired with renewable generation to support the delivery and management of electricity, although the supplied sources do not provide named products, specifications, or individual deployments.
Controversies
2021
COVID-19 superspreader event associated with Oslo Christmas party
Scatec held a Christmas party in Oslo on 26 November 2021 for 120 people who were described as fully vaccinated and tested before the event. An attendee who had recently returned from South Africa was later diagnosed with the Omicron variant. More than half of the attendees subsequently tested positive, and at least 13 infections were confirmed as Omicron.
Brand decisions
2020
Acquire SN Power from NorfundM&ABackground
Scatec was broadening its business beyond large-scale solar and seeking a wider renewable-energy technology portfolio.
Action taken
The company acquired SN Power from Norfund, adding hydropower capabilities and assets to its strategic platform.
Aftermath
The transaction supported Scatec’s transition into a broader renewable-energy company and preceded its corporate renaming later in 2020.
2020
Adopt the Scatec ASA nameStrategyBackground
The former Scatec Solar name no longer represented the full scope of the company’s activities after its expansion into hydropower, wind, floating solar, and storage.
Action taken
In November 2020, the company changed its name from Scatec Solar ASA to Scatec ASA.
Aftermath
The new corporate identity positioned the business as a diversified renewable-energy company rather than a solar-only specialist.
Recent events
- Unconfirmed
Reported
Scatec and National Bank of Egypt agree on Dandara project partnership[2]
Scatec signed a partnership agreement with National Bank of Egypt, which will join the Dandara project with a 20% ownership stake.
- Unconfirmed
Reported
Scatec secures financing for Dandara’s first phase[2]
Scatec signed loan agreements for the first phase of the Dandara project in Egypt. The non-recourse project financing totals USD 217 million and is provided by EBRD, AfDB and EIB.
- Unconfirmed
Reported
Construction begins on Dandara’s first-phase power plant[2]
Scatec is starting construction of the power plant for the first phase of the Dandara project in Egypt.
- Unconfirmed
Scatec acquires 77 MW Urleasca onshore wind project in Romania from OX2[3]
Scatec ASA signed an agreement to acquire the 77 MW Urleasca onshore wind project in Brăila county, Romania, from OX2. The project is supported by a Contract-for-Difference covering approximately 43 MW at an average price of EUR 71.3/MWh. OX2 will continue to manage the project through commissioning under a Construction and Asset Transfer Agreement. Financial close is targeted in Q3 2026 and targeted COD in the second half of 2028. Total project cost is estimated at EUR 168 million excluding VAT.
Reported
Scatec and Egyptian entities agree to develop green ammonia facility[4]
Scatec signed a memorandum of understanding with SCZONE, TSFE, EETC and NREA to jointly develop a green ammonia facility in Egypt, with planned annual production capacity of one million tonnes and potential expansion to three million tonnes.
Reported
Scatec forms Egypt green hydrogen project partnership[5]
Scatec announced a partnership with Fertiglobe and the Sovereign Fund of Egypt to develop a green hydrogen facility near Fertiglobe subsidiary EBIC in Ain Sokhna, Egypt. Scatec will build, operate and majority-own the facility; the project targets an investment decision in 2022 and start-up by 2024.
Reported
Scatec, Fertiglobe and TSFE agree to develop an Egyptian green hydrogen facility[6]
Scatec entered into an agreement with Fertiglobe and the Sovereign Fund of Egypt to jointly develop a 50–100MW green hydrogen facility as feedstock for green ammonia production. Scatec will build, operate and majority-own the facility.
Scatec signs two-year solar plant lease agreement with Engie[7]
Scatec signed a two-year lease agreement with Engie to provide a mobile plug-and-play solar photovoltaic plant at the hydrogen production plant at Anglo American Platinum's Mogalakwena mine in Limpopo, South Africa.
Scatec launches new logo and profile[8]
Scatec launched a new logo and profile, saying the transformation followed its broadened growth strategy and name change from Scatec Solar.
Sources9 sources
- 1Scatecen.wikipedia.org
- 2Scatec与埃及国家银行达成Dandara项目合作energy-pedia.com
- 3Scatec从OX2收购罗马尼亚77兆瓦Urleasca陆上风电项目poweronline.com
- 4Scatec与埃及相关机构同意开发绿色氨设施finanznachrichten.de
- 5Scatec在埃及组建绿色氢能项目合作renewableenergymagazine.com
- 6Scatec、Fertiglobe与TSFE达成协议，共同开发埃及绿色氢能设施finanznachrichten.de
- 7Scatec与Engie签署为期两年的太阳能电站租赁协议engineeringnews.co.za
- 8Scatec推出新标识和品牌形象engineeringnews.co.za
- 9Scatec launches new logo and profile and changes ticker to SCATCfinance.yahoo.com
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