News from Norway
Scatec Doubles Investment Targets Through 2030 – Heavy Impairments Weigh on Quarterly Result
30 Oct 2026 15:04 | Oslo – Norwegian renewable energy group Scatec booked a consolidated loss of around EUR 110 million in the third quarter of 2026, despite higher operating earnings. At the same time, the company announced it would double its average annual equity investments for 2027 to 2030 to around EUR 194 million. read more...
Scatec Shares Plunge Almost 18 Percent by Midday – Solar and Storage Operator Cuts Earnings Guidance Significantly
22 Oct 2026 13:48 | Oslo – Shares in Norwegian solar and storage operator Scatec fell almost 18 percent on Thursday morning after the company substantially lowered its 2026 earnings guidance. Scatec cited regulatory intervention, the impact of the war in Ukraine, project delays and currency effects. read more...
Nel ASA Reports Surge in PEM Electrolyser Orders as Alkaline Revenue Plunges and Losses Widen
20 Oct 2026 16:48 | Oslo – Norwegian hydrogen company Nel ASA recorded a sharp rise in orders for PEM electrolysers in the third quarter of 2026. At the same time, revenue from alkaline electrolysers plunged, while group losses increased significantly. read more...
Nel and Rheinmetall Team Up on E-Fuels – Decentralised Fuel Production Aims to Strengthen Security of Supply
14 Oct 2026 09:12 | Oslo – Norwegian electrolyser manufacturer Nel ASA and German defence group Rheinmetall plan to cooperate on the decentralised production of synthetic fuels. The two companies have signed a non-binding memorandum of understanding (MoU). The initial focus is on the Norwegian market. read more...
Egypt Turns to Wind Energy: Scatec and EDF Start Construction of 900 MW Shadwan Wind Farm
06 Oct 2026 09:04 | Oslo/Cairo – Norway's Scatec and France's EDF Power Solutions have started construction of the 900 MW Shadwan onshore wind farm in Egypt. The project, with an investment volume of USD 716 million, is expected to generate around 4 billion kWh of electricity per year. The first phase is scheduled to begin operations at the end of 2027. read more...
Nel Realigns PEM Production Strategy — Core Technology from the U.S., Regional System Integration in Global Markets
16 Sep 2026 13:12 | Oslo/Aberdeen — Norwegian electrolyser manufacturer Nel ASA is expanding its European production and supply structure for PEM electrolysers. The company has signed a framework agreement with UK-based system provider Hydrasun covering the assembly and integration of its modular MC Series. Under the agreement, Hydrasun will build up system integration capacity at its Aberdeen site. read more...
Scatec Enters Onshore Wind in Romania as Power Production Rises 21 Percent in Second Quarter
26 Aug 2026 09:26 | Oslo – Norwegian renewable energy company Scatec is expanding its portfolio across technologies and markets. Having secured financing for a wind project in Romania, the company is entering onshore wind power in Europe for the first time, adding to its existing solar business in the country. read more...
Scatec Commissions 142 MW Rio Urucuia Solar Park in Brazil, Share Up 6.9 Percent for the Week
06 Jul 2026 12:30 | Oslo/Belo Horizonte — Renewable power producer Scatec ASA has brought the 142 MW Rio Urucuia solar park in the Brazilian state of Minas Gerais into commercial operation. The project is Scatec's third solar plant in Brazil and brings the Norwegian company's total installed capacity in the country to 835 MW. read more...
Scatec Shares Edge Higher as Company Starts Construction of 120 MW Solar Power Plant in Tunisia
26 Jun 2026 09:02 | Oslo/Tunis – Norwegian renewable energy company Scatec has achieved financial close for the Sidi Bouzid II Solar Power Plant in Tunisia and has started construction of the project. The 120-megawatt (MW) solar power plant is scheduled to enter commercial operation in the second half of 2027. read more...
DNV Invests in Vind AI, Strengthening AI-Powered Planning for Wind Energy Projects
23 Jun 2026 09:18 | Oslo – Digital planning platforms are playing an increasingly important role in renewable energy project development. Norwegian start-up Vind AI has gained DNV – an independent provider of assurance and risk management services – as a strategic investor. read more...
