Scatec’s Q1 Net Loss Narrows by 73%, Contribution from New Projects Increase

The company recorded a revenue of NOK 1.2 billion (~$2.6 billion) for the quarter

May 2, 2024

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Norway-based independent power producer Scatec reported a net loss of NOK 26 million (~$2.3 million) during the first quarter (Q1) of 2024, marking an improvement of 73% on a year-over-year (YoY) basis from a net loss of NOK98 million (~$8.8 million).

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Gautamee Hazarika

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Scatec’s Q1 Net Loss Narrows by 73%, Contribution from New Projects Increase

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