Scatec ASA is a Norway‐based renewable energy company that develops, builds, owns and operates power generation assets across multiple continents. Founded in 2007 as Scatec Solar, the company initially focused on utility‐scale solar photovoltaic projects. Following the acquisition of hydroelectric developer SN Power in 2020, it rebranded to Scatec ASA to reflect its expanded capabilities in hydropower, as well as its growing interests in wind power and energy storage solutions.
The company provides end‐to‐end energy solutions, encompassing project development, engineering, procurement, construction and long‐term operations and maintenance. Scatec structures power purchase agreements (PPAs) and other offtake arrangements with utilities, commercial and industrial customers, or public authorities to secure stable cash flows over the lifetime of its assets. Its diversified portfolio includes ground‐mounted solar parks, floating solar installations, run‐of‐river hydropower plants and battery storage facilities.
Scatec’s projects span emerging and established markets, with key operations in Africa—including South Africa, Egypt and Rwanda—Latin America such as Brazil and Panama, Southeast Asia including Vietnam, and selected European markets. The company targets regions offering high solar irradiation or untapped hydropower potential, leveraging local partnerships and international financing to accelerate energy access and support decarbonization goals.
Headquartered in Oslo, Norway, Scatec is led by Chief Executive Officer Raymond Carlsen, who assumed the role in March 2022. The company adheres to international sustainability and governance standards, regularly reporting on environmental, social and governance (ESG) performance. Scatec continues to grow its project pipeline through strategic collaborations, technology innovation and disciplined asset management.
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