On the horizon

A year in review


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In operation

322 MW

2017 Production

627 GWh

Project Backlog

749 GWh

Under Construction

434 MW

We are operating across the globe!

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Geographic distribution of our employees

Tap/hover on the pie chart areas for number of employees per country.

Consolidated Revenues & EBITDA

Key Facts





FY 2017 Revenues

1.5 Bill NOK

Market Capitalisation (Year-End)

5.2 Bill NOK

Letter from Our CEO

Together we are stronger.

This is why partnerships are integral to our business philosophy. Some of our partners, especially Development Finance Institutions, have been working in emerging markets for long and have strong relationships with local authorities.

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Raymond Carlsen

Our People

The success of Scatec Solar lies in 
the capabilities and commitment 
of our employees.

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Our people

Consolidated Financials

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NOK Million 2017 2016 2015
Total revenue and other income 1,492 1,085 881
EBITDA* 1,241 833 698
Operating profit (EBIT*) 993 563 523
Profit/(loss) 438 70 136
Profit/(loss) to Scatec Solar 339 4 68
Power Production (GWh) 627 791 466
Earnings per Share 3.37 0.04 0.72

*EBITDA: is defined as operating profit adjusted for depreciation, amortisation and impairments.

Market Development

The solar industry continues to develop rapidly 
and with further technology improvements and 
cost reductions industry analysts are expecting 
significant market growth in the years to come.

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Solar panels

Sustainability Report

Sustainability is an integral part of Scatec Solar’s business model. We generate cost-effective, clean and reliable electricity and we always aim to conduct business in a sustainable manner wherever we operate.

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