Norwegian solar power producer breaks record despite delays

Norwegian solar power producer Scatec Solar broke production records in the past quarter. However, delays still haunt the ambitious development plan.

A new solar cell plant in Jordan and more sunshine in South Africa than anticipated were contributing factors in breaking the production record at Norwegian solar power producer Scatec Solar. The company achieved a production of 222 GWh in the third quarter 2016, which is 40 GWh more than in the preceding quarter, and more than twice as much as in the same quarter last year.

Production also secured Scatec Solar record-high earnings of 281 million Norwegian kroner (NOK), or USD 24.1 million, in the quarter. This is NOK 80 million more than in the same quarter last year. However, earnings had a hard time keeping up and remained at a modest NOK 11 million.

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