Story perspectives
Scatec Sees Q1 Electricity Surge, Plans Capacity Doubling
5/11/2025
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Story summary
- Scatec's electricity generation rose to 979 GWh in Q1 2025, compared to 901 GWh in Q1 2024, but decreased from 1.1 TWh in Q4 2024.
- The company anticipates 2025 generation between 4.1-4.5 TWh, aligning with 2024's 4.3 TWh.
- Solar projects represent 82% of Scatec's 2.2 GW backlog, with notable growth expected in Egypt.
- CEO Terje Pilskog highlighted strong quarterly results and plans to double capacity.
