Scatec 2nd Quarter Results - Tamping Up Construction and Increasing Backlog and Pipeline
Oslo, Norway - Scatec Solar ASA reported second quarter proportionate revenues of NOK 1,299 million (EUR 136.2 mn) (NOK 167 mn in second quarter 2017), and EBITDA reached NOK 266 mn (EUR 27.9 mn) (100).
"We are very pleased to report significant increase in construction activities and solid financial results in the quarter. We have secured 117 MW in Argentina and 130 MW in Ukraine in the quarter and total project backlog and pipeline increased to 4.5 GW. We continue to see attractive market opportunities with a target of reaching a capacity of 3.5 GW by end of 2021", says CEO Raymond Carlsen.
Scatec Solar's second quarter consolidated revenues reached NOK 286 mn (279), and EBITDA reached NOK 212 mn (217).
Source: IWR Online, 27 Jul 2018