Scatec Solar resolved preliminary results for the financial year 2016

Norwegian independent solar power producer Scatec Solar ASA has resolved the annual accounts and preliminary annual report for the financial year 2016. As reported in January , the company reached NOK 1,085 million ($130 million), up from 881 million in 2015 and EBITDA reached NOK 833 million, up from NOK 698 million in 2015. Net profit in 2016 was NOK 70 million, down from NOK 136 million in 2015.
Scatec Solar`s capacity of operational solar power plants reached 322 MW, 731 MW ready for construction, and a project pipeline comprising projects with a combined capacity of 1,085 MW.
The company expects a power production of 640 GWh in 2017 and 1,300 to 1,500 MW in operation and under construction by end 2018.

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