Scatec Swings to Net Loss in Q4 Due to Increased Expenses
Scatec's power generation reached 1,138 GWh in Q4 2024 from 811 GWh in Q4 2023
February 6, 2025
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Norway-based renewable energy solutions provider Scatec reported a net loss of NOK101 million (~$8.88 million) in the fourth quarter (Q4) of 2024 from a net profit of NOK724 million (~$63.73 million) due to an increase in operating expenses and cost of sales.