Scatec’s Q1 Revenue Rises 21% to $87 Million on Higher Power Production

EBITDA rose 45% to $60 million in the first quarter

May 10, 2023

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Norwegian independent power producer Scatec’s total revenue rose 21% year-over-year (YoY) to NOK919 million (~$87 million) for the first quarter (Q1) of the financial year (FY) 2023, primarily driven by higher hydropower production in the Philippines.

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Gourav Mishra

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Scatec’s Q1 Revenue Rises 21% to $87 Million on Higher Power Production

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