SCATEC SOLAR AGREES DEAL TO BUY SN POWER

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Norwegian renewables developer Scatec ASA (OSL:SCATC) on Friday said it had finalised the acquisition of Norfund’s hydro business SN Power for USD 1. 17 billion (EUR 967m) after securing regulatory green light earlier in January. Oslo, 16 October 2020: Scatec Solar has signed a binding agreement to acquire 100% of the shares in SN Power, a leading hydropower developer and IPP, from Norfund for a total equity value of USD 1,166 million. The acquisition forms an important part of Scatec Solar’s broadened growth strategy, with. Norfund mobilises more than a billion dollars for new investments in developing countries.

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SCATEC SOLAR AGREES DEAL TO BUY SN POWER