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Scatec Posts a Profit of $38 Million in Q2 on Increased Project Development

The company’s total renewable project portfolio stood at 17.5 GW as of June 30, 2023

August 21, 2023

/ Satish Shetty
/ Other, Renewable Energy
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Norway-based independent power producer Scatec reported a net profit of NOK402 million (~$38.07 million) in the second quarter (Q2) of 2023, a significant improvement from the loss of NOK68 million (~$6.44 million) in Q2 2022, on higher income from renewable power generation and project development.

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Satish Shetty

More articles from Satish Shetty.
FinancialsGreen HydrogenIPPNorwayquarterly resultsScatec
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