30 Jan '17, 9am

Scatec Solar announces strong revenue and PV project backlog growth

Scatec Solar (Oslo, Norway) on January 27th , 2017 announced Q 4, and full-year 2016 results, strong growth in its PV project backlog. For the full year 2016 Scatec Solar’s consolidated revenues reached NOK 1,085 million (approx. USD 130 million), up from 881 million (approx. USD 106 million) in 2015 and EBITDA reached NOK 833 million (USD 100 million), up from NOK 698 million (USD 84 million) in 2015. The company added 309 MW to the PV project backlog during the quarter with new projects in Malaysia, Brazil and Mozambique. With these additions the total backlog reached 731 MW. Consolidated revenues reached NOK 363 million (approx. USD 43.6 million) up from NOK 267 million (approx. USD 32 million) in the same period last year and up from NOK 281 million (approx. USD 33.7 million) in the previous quarter. EBITDA reached NOK 294 million, up from NOK 215 million last year and...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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