Ukrainian venture dealt blow to Scatec's Q1 results

The Norwegian solar developer has taken a beating from its Ukrainian venture and will make impairments worth NOK 693m as a result of Russia’s invasion.
Photo: Dado Ruvic/REUTERS / X02714
Photo: Dado Ruvic/REUTERS / X02714
BY ANNE FILBERT, TRANSLATED BY CHRISTOFFER ØSTERGAARD

After presenting an annual result for 2021, which spurred hopes of a rebound for Scatec, the solar developer has once again found itself impacted by unpredictable events in the first months of 2022.

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