Equinor sells 8.07% stake in Scatec for $169m

Equinor has sold an 8.07% involvement successful Norwegian renewable vigor solutions supplier Scatec astatine Nkr125 ($13.16) per share, generating astir Nkr1.6bn ($168.55m).

Following the transaction, Equinor volition clasp an 8.05% involvement successful Scatec and has agreed to a 90-day lock-up play connected its remaining shares.

Equinor archetypal became a number shareholder successful 2018 and accrued its involvement to 16.12% done acquisitions betwixt 2019 and 2023, astatine an mean outgo of astir Nkr80 per share, including dividends.

The concern betwixt Scatec and Equinor connected the Apodi and Mendubim star projects successful Brazil remains unchanged by this transaction.

Scatec focuses connected expanding entree to reliable and affordable cleanable vigor successful emerging markets.

As a semipermanent subordinate successful the sector, the institution develops, constructs, owns and operates renewable vigor facilities, with a capableness of 6.2GW presently operational and nether operation crossed 5 continents.

In February this year, Scatec secured fiscal closure and began operation connected the 130MW Barzalosa star installation successful Colombia.

BTG Pactual Comercializadora de Energía, a subsidiary of Brazil’s Banco BTG Pactual, antecedently signed a 15-year powerfulness acquisition statement for the project.

This statement volition screen astir 85% of the expected output, with the remainder sold into the Colombian energy market.

In December past year, Equinor, alongside its Brazilian subsidiary Rio Energy, launched commercialized operations astatine the Serra da Babilônia star facility.

This is the company's archetypal hybrid solar-wind analyzable successful Brazil.

The analyzable integrates 140MW of star capableness with 223MW of upwind capacity.

Both the star installation and the existing upwind task are located astatine Serra da Babilônia, combining star and upwind resources efficiently.

In September 2025, Equinor announced that it intends to support its 10% involvement successful Ørsted by participating successful the upcoming rights contented projected by Ørsted’s board.

The determination aligns with Equinor’s strategy arsenic a semipermanent concern shareholder and underscores its committedness to strengthening Ørsted’s fiscal presumption amid existent manufacture challenges.

"Equinor sells 8.07% involvement successful Scatec for $169m" was primitively created and published by Power Technology, a GlobalData owned brand.

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