Scatec Solar secures new financing at lightning speed

It turns out that Norwegian solar panel developer Scatec Solar had no problem refinancing its debt.

Scatec Solar will be NOK 750 million (EUR 78.8 million) richer this time tomorrow, the company announces today in a press release, as it has successfully completed an unsecured green bond issue, which was significantly oversubscribed.

Only one week ago, Scatec Solar announced that the firm was in talks with potential lenders regarding the possibility of issuing a new bond loan. Now it seems the talks were brief and ended positively.

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