Print
ET | Source: Scatec Solar

Oslo, 23 April 2018: Scatec Solar ASA ('SSO') held its annual general meeting on 23 April at 09:00 (CET). A total of 55,215,051 shares, representing 53.39 % of the share capital was represented at the general meeting.

The general meeting resolved the board's proposal of a dividend of NOK 0.78 per share. The dividend shall accrue to the company's shareholders as they appear in the company's shareholder register in the VPS on 25 April 2018, being the Company's shareholders at the date of the general meeting based on regular T+2 settlement. The company's shares will trade on Oslo Stock Exchange exclusive the right to receive dividend as from 24 April 2018. The dividend is expected to be paid on or about 15 May 2018.

All proposals were resolved as presented in the notice convening the general meeting distributed on 23 March 2018 and as further set out in the minutes from the general meeting attached hereto.

For further information, please contact:

Mr. Raymond Carlsen, CEO, tel: +47 454 11 280, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Mikkel Tørud, CFO, tel: +47 976 99 144, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. 

About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable source of clean energy worldwide. A long-term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants, and already has an installation track record of close to 1000 MW.

Currently, the company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and another 434 MW are under construction.

With an established global presence, the company is growing briskly with a project backlog and pipeline of more than 1.5 GW under development in the Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in Oslo, Norway.

For more information on Scatec Solar, please visit our home page www.scatecsolar.com.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Read more: Scatec Solar ASA: Annual general meeting held

Print
ET | Source: Statkraft AS

multilang-release

(Oslo, April 23rd 2018) Statkraft and Finnfjord have signed a new long-term power contract for the period 2018 to 2031. The total volume is 8.5 TWh with annual supply of 0.65 TWh.

The contract will contribute to supplying power to Finnfjord's ferro-alloy plant in Finnsnes and replaces the contract Statkraft and Finnfjord entered into in 2011.

- We are happy to extend our comprehensive and long-term cooperation with Finnfjord. The company has shown impressing stamina in tough markets in recent years, and I am satisfied with the fact that Statkraft can offer competitive contracts and still be a preferred partner for Finnfjord and the industry, says Hallvard Granheim, EVP Market operation & IT in Statkraft.

- This contract secures a solid economic foundation for Finnfjord for the next 13 years and enables the company to further develop more efficient and environmentally friendly manufacturing solutions. We are pleased that our power supplier since 1962 is with us and able to offer Finnfjord competitive and predictable framework conditions, says CEO of Finnfjord, Geir-Henning Wintervoll.

About Statkraft
Statkraft is a leading company in hydropower internationally and Europe's largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 3400 employees in 16 countries.

About Finnfjord
Finnfjord is the world's most energy-efficient ferro-alloy plant and one of Europe's leading producers of ferrosilicon. The company also generates electricity from its energy recovery plant. Finnfjord's total sales amounts to about NOK 800 million and the company has 130 employees.

For further information:

Knut Fjerdingstad, press spokesperson, Statkraft AS
Tel: +47 901 86 310
This email address is being protected from spambots. You need JavaScript enabled to view it.

www.statkraft.com

Geir-Henning Wintervoll, CEO, Finnfjord AS
Tel: +47 951 77 000
This email address is being protected from spambots. You need JavaScript enabled to view it.

www.finnfjord.no

Read more: Statkraft signs 13-year power contract with...

Print
ET | Source: Scatec Solar

Oslo, April 20, 2018: Scatec Solar ASA reported first quarter proportionate revenues of NOK 573 million (NOK 144 million in first quarter 2017), and EBITDA reached NOK 109 million (87).

The increase in proportionate revenues and EBITDA is driven by higher Development & Construction (D&C) activities compared to last year. Construction continues in Malaysia, Brazil and Honduras and construction has just commenced in Mozambique. This high level of activity lead to D&C revenues of NOK 417 million (0) and EBITDA of NOK 15 million (-15) in the quarter.

Scatec Solar's first quarter consolidated revenues reached NOK 289 million (276), and EBITDA reached NOK 212 million (222).

Financial close was reached for 40 MW in Mozambique in March and 258 MW in South Africa in April 2018. Development & Construction revenues are set to increase significantly over the coming quarters with contract awards of NOK 8.5 billion to realize 1.1 GW of new solar power plants.

"We are pleased to confirm that we are reaching our 2018 growth target. In addition we have added 150 MW in Ukraine and 25 MW in Cameroon to our project pipeline. With 3.6 GW of project pipeline and opportunities, Scatec Solar has a solid basis for growth beyond 2018", says CEO Raymond Carlsen.

For further details, please see attached the first quarter report and presentation.

A presentation of the results will be held today at 08.00 (CET) at Høyres Hus, Stortingsgata 20, 0161 Oslo. The presentation and Q&A session can also be followed through a live webcast from our website www.scatecsolar.com/investor.

For further information, please contact:

Mr. Raymond Carlsen, CEO,          tel: +47 454 11 280           This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Mikkel Tørud, CFO,                  tel: +47 976 99 144           This email address is being protected from spambots. You need JavaScript enabled to view it.

 
About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long-term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of 1000 MW.

The company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and another 1,183 MW are under construction and in backlog.

With an established global presence, the company has project pipeline and opportunities of 3.6 GW under development in the Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'.

To learn more, visit www.scatecsolar.com

Read more: First quarter 2018 results - delivering on the...

Abstract

This paper presents evidence on how the provision of unreliable electricity constrains expansion in the productive sectors of the economy, consequently leading to a reduction in the number of employment opportunities in Africa. Using geodata on electricity... See More + This paper presents evidence on how the provision of unreliable electricity constrains expansion in the productive sectors of the economy, consequently leading to a reduction in the number of employment opportunities in Africa. Using geodata on electricity transmission networks on the continent, the paper computes an index that explores spatial and time variations in technical losses in the electricity network as an instrument for electricity shortages. The instrument is combined with geo-referenced data from the Afrobarometer and Enterprise Surveys from more than 20 African countries to estimate the causal impact of electricity shortages on employment, and the mechanisms driving the impact. Results from the paper reveal that electricity shortages exert a substantial negative impact on employment rates in Africa. The evidence also shows three channels by which electricity shortages affect labor market participation. First, on the extensive margin, electricity shortages constrain the creation of new businesses through their negative effect on entrepreneurship. Second, in the intensive margin, electricity shortages reduce the output and productivity of existing firms, thereby causing them to reduce labor demand. Third, electricity shortages act as a distortion in the business climate, thereby reducing the trade and export competitiveness of African firms.  See Less -

Read more: Jobs electricity shortages and...

More Articles ...

Advertisement

SolarQuarter Tweets

Follow Us For Latest Tweets

Friday, 20 April 2018 07:34
Friday, 20 April 2018 07:32
Friday, 20 April 2018 07:00

Advertisement

Translator

Advertisement