Scatec Solar emerges from strong 2017

While the pace slowed down a bit in the fourth quarter of 2017, the full year proved to be strong for Norway's Scatec Solar.

Photo: DEWA

Norwegian solar farm developer Scatec Solar, which mainly works in the planning and construction of large solar panel plants in growth markets, emerged from a positive 2017, according to the company's annual report.

Revenue grew by around NOK 500 million (EUR 52.2 million) and reached NOK 1.7 billion, while EBITDA came to NOK 792 million compared to NOK 376 million in 2016.

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