Scatec Swings to Q4 Profit on Solar Asset Sales and Divestments

The company’s quarterly revenue stood at NOK906 million, up 12% from last year

February 2, 2024

/ Arshreet Singh
/ Finance and M&A, Renewable Energy
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Norway-based independent power producer Scatec reported a net profit of NOK724 million (~$70 million) in the fourth quarter (Q4) of 2023, improving from a loss of NOK433 million (~$41.5 million) a year ago, as the company executed various asset sales in the quarter to streamline its operations.

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Arshreet Singh

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