Scatec Solar raises €132m to expand capacity

Solar Fotolia 230x150
By Aidan Gregory
25 Sep 2019

Scatec Solar, a Norwegian solar power generator, raised Nkr1.3bn (€132m) of growth capital in a share sale on Tuesday evening amid rising investor demand for renewable energy assets in Europe.

Carnegie, JP Morgan and Nordea were bookrunners on the placing. The deal consisted of 11.37m new shares, at an offer price of Nkr117 – a 3.8% discount to the closing price of Scatec on Tuesday.

Raymond Carlsen, CEO of Scatec, subscribed for 172,414 shares as part of ...

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