Scatec Q3 Revenue Up 10% YoY Driven By Increased Hydropower Sales in the Philippines

The company projects lower power production QoQ in Q4 at 1,030-1130 GWh

November 4, 2022

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Norwegian independent power producer Scatec posted consolidated revenue of NOK 1,163 million (~$110.6 million) for Q3, 2022, an increase of 10% year-over-year (YoY) primarily due to better power sales at higher prices in the Philippines. Scatec has 642 MW of operational hydropower projects in the Philippines.

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Gourav Mishra

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Scatec Q3 Revenue Up 10% YoY Driven By Increased Hydropower Sales in the Philippines

Continue Reading with Premium Access

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