About Scatec
Company Overview
Scatec ASA, a publicly traded Norwegian power producer and project developer listed on Euronext Oslo
HeadquartersOslo, Norway
Founded2007
SizeApproximately 750 employees globally (source: pitchbook.com). Revenue of NOK 4.37 billion in 2024 (source: stockanalysis.com).
What They Do
Scatec ASA specializes in the development, construction, ownership, and operation of large-scale power assets with a primary focus on utility-scale solar photovoltaic (PV) systems and battery energy storage solutions. Over time, the company has expanded its technology portfolio to include hydropower and selected green hydrogen projects, integrating electrolyzers to support power-to-X initiatives (source: scatec.com). Their business model combines operating assets generating EBITDA with a robust pipeline of projects under construction or in backlog, spanning multiple continents including Europe, Africa, Latin America, and Asia (source: scatec.com). Scatec serves a diverse client base comprising governments, state utilities, industrial offtakers, and project finance partners, often securing long-term power purchase agreements (PPAs) to underpin project economics (source: live.euronext.com). Their integrated approach as a developer-operator with a global multi-gigawatt pipeline and a mix of operating cash-flow assets plus construction-stage projects distinguishes them in the renewable energy sector (source: scatec.com).
Projects & Track Record
Scatec's portfolio includes some of the world's largest hybrid solar and storage projects, such as the Kenhardt facility in South Africa, which combines 540 MW of solar PV with 225 MW/1,140 MWh of battery storage, representing a significant milestone in integrated renewable energy assets (source: scatec.com). In South Africa alone, the company operates 730 MW of solar and storage assets at a 49% economic interest (source: scatec.com). In Brazil, Scatec operates 693 MW of solar capacity at a 33% economic interest and has initiated construction of the 142 MW Urucuia solar project, backed by a 10-year PPA signed with Statkraft Energia do Brasil (source: live.euronext.com). The Philippines portfolio includes 673 MW of hydropower and storage assets at a 50% economic interest, with advanced battery storage projects such as Binga and Magat, each rated at 56 MW/56 MWh (source: scatec.com). In Botswana, Scatec commenced commercial operations of a solar power plant in March 2025 and holds the Mmadinare Phase 1 solar asset in its operating portfolio (source: live.euronext.com). The company also secured a 288 MW solar PV award and a battery storage project in South Africa through government tenders in late 2024 and mid-2025 respectively (source: live.euronext.com). In Egypt, Scatec signed a landmark 25-year PPA for a 1.1 GW solar plus 100 MW/200 MWh battery storage project and is advancing the Egypt Green Hydrogen initiative, which includes 260 MW of solar and wind capacity alongside a 100 MW electrolyzer, with ammonia offtake agreements in place (source: zawya.com). In Tunisia, the company began construction of the Tozeur and Sidi Bouzid solar projects, holding a 51% stake in the $88 million investment, supported by a 25-year PPA (source: zawya.com). This geographically diverse project backlog underscores Scatec's strategic growth across multiple continents (source: scatec.com).
Recent Developments
Throughout 2024 and 2025, Scatec has consistently announced new power purchase agreements, project commencements, and commercial operation milestones across key markets including Brazil, South Africa, Tunisia, Botswana, and Egypt (source: live.euronext.com). Notable highlights include the 142 MW Brazil PPA signed in April 2024, the 288 MW solar award in South Africa in December 2024, and the 120 MW Tunisia PPA in March 2025 (source: live.euronext.com). In March 2025, Scatec commenced commercial operations of a solar plant in Botswana and secured a solar-plus-storage PPA with Egypt Aluminium, further expanding its footprint in Africa (source: live.euronext.com). The company also won a battery storage project in South Africa in May 2025 and began construction of the Egypt solar-plus-BESS project the same month (source: live.euronext.com). Additionally, Scatec secured a EUR 30 million grant from the PtX Development Fund in October 2024 to support the Egypt Green Hydrogen project, which progressed toward final investment decision in 2025 with an ammonia offtake agreement with Fertiglobe (source: mees.com). The 2024 annual report and 2025 investor presentations emphasize a growing operating asset base, stronger EBITDA generation, and a strategic focus on solar, storage, and hydrogen technologies (source: scatec.com).
Working There
Scatec offers career opportunities across a broad spectrum of functions including project development, engineering, construction management, operations and maintenance, trading and market access, finance, legal, ESG and reporting, procurement, and corporate support, reflecting the complexity of its integrated renewable energy business model (source: scatec.com). The company maintains a global presence with offices and project sites in Oslo, South Africa, Brazil, the Philippines, Egypt, Tunisia, and Botswana, providing diverse geographic opportunities for professionals (source: scatec.com). Scatec emphasizes leadership diversity, with 32% of leadership roles held by women as of Q4 2025, and prioritizes safety, reporting a lost-time incident frequency rate of 0.6 per million hours worked, indicative of a strong safety culture and formal management systems (source: marketscreener.com). The company’s mid-sized international structure supports roles for both experienced energy professionals and corporate staff, fostering a dynamic and inclusive workplace environment (source: pitchbook.com).
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