Rising Construction Margin Drives 1,632% YoY Rise in Net Profit for Scatec

The company’s revenue climbed to NOK2.97 billion

November 7, 2024

/ C&I, Energy Storage, Finance and M&A, Solar, Utility Scale

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Norway-based renewable energy solutions provider Scatec reported a 1,632% year-over-year (YoY) rise in net profit to NOK1.65 billion (~$150.18 million) in the third quarter (Q3) of the financial year (FY) 2024-25 from NOK95 million (~$8.64 million).

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Rising Construction Margin Drives 1,632% YoY Rise in Net Profit for Scatec

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