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Equinor increases ownership in Scatec Solar

Published by
Energy Global,

Equinor has acquired 6 500 000 shares in Scatec Solar, corresponding to 5.2% of the shares and votes, at a total purchase price of NOK754 million.

The purchase price per share is NOK116 which compares to the closing price on 19 December 2019 of NOK110.5 and to Scatec Solar's equity issuance price on 24 September 2019 of NOK116.

Following the transaction Equinor owns a total of 18 965 400 shares of Scatec Solar, raising its total shareholding to 15.2% of the shares and votes.

Partnering with Scatec Solar, Equinor entered its first solar development project in 2017 via the Apodi asset in Brazil, followed by a second joint project in June 2018 with the Guanizul 2A in Argentina.

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