Scatec Solar considers new loan

New funding is needed to ensure continued growth for Norwegian firm Scatec Solar. The company hopes for lower financing costs.

by SØREN SPRINGBORG

After a busy fall season, which included entering a joint venture with Statoil in Brazil and a record NOK 400 million profit (USD 50 million), Norwegian company Scatec Solar will now maximize on the positive momentum to secure cheaper and more long-term financing.

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Norway's Scatec Solar roars ahead thanks to Statoil
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