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Scatec Swings to Net Loss in Q4 Due to Increased Expenses

Scatec's power generation reached 1,138 GWh in Q4 2024 from 811 GWh in Q4 2023

February 6, 2025

/ Arjun Joshi
/ Finance and M&A, Other
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Norway-based renewable energy solutions provider Scatec reported a net loss of NOK101 million (~$8.88 million) in the fourth quarter (Q4) of 2024 from a net profit of NOK724 million (~$63.73 million) due to an increase in operating expenses and cost of sales.

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Arjun Joshi

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Financial Resultsnet lossRevenueScatec
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