Norwegian energy firm Scatec plans £8.4bn to renewables: Norwegian renewable energy producer Scatec has reported a scheme to invest NOK100 billion (£8.4bn) in renewables throughout the upcoming 4 years.
They have set a goal of having 15GW by 2025 of total renewable capacity of renewable programmes, correlating to the current 3.3GW.
Several months back, the company secured hydropower business SN Power for $1.17 billion (£900m), a manuever that it says greatly profitted its cash flow.
Raymond Carlsen, Scatec’s Chief Executive Officer, stated: “From the very first day, Scatec has been a frontrunner in an increasingly dynamic renewables market and we continue to lead.
“In line with our broadened strategy, we are developing renewable energy solutions and combining solar, wind, hydropower and storage to the benefit of our growing customer base of state utilities and large energy consumers.”
Norwegian energy firm Scatec plans £8.4bn to renewables