Oslo, 19 August 2025: In the second quarter, Scatec delivered solid financial results and achieved several strategic milestones, reinforcing its position as a leading provider of renewable energy in high-growth markets. Proportionate revenues increased by 51% to NOK 2,302 million (1,528 million), and EBITDA rose by 19% to NOK 1,130 million (951 million).
Power production revenues were NOK 1,312 million (1,045 million) and EBITDA NOK 1,110 million (873 million), mainly driven by strong performance in the Philippines, including a retroactive effect of 231 million from official approval of the awarded ancillary services contract rates. Total power production from Scatec’s power plants ended at 940 GWh (995 GWh).
“We continue to deliver strong financial results across all segments, while adding quality projects to our backlog and further strengthening our capital structure. This quarter’s results confirm the resilience of our business platform and our ability to scale profitably. Scatec continues to execute on its self-funded growth strategy, and we are pleased with the development during the first half of 2025,” says CEO Terje Pilskog.
The Development & Construction (D&C) segment reported revenues of NOK 976 million (470 million) from construction projects in Egypt, the Philippines, Brazil, Botswana, South Africa, and Tunisia. Gross margin remained in the high end of the guided range, at 11.4%.
In South Africa, Scatec was awarded 846 MW of solar power in …