Norway's Scatec Solar roars ahead thanks to Statoil

A partnership deal with Statoil secured the Norwegian solar panel developer Scatec Solar a remarkable third quarter, in which revenue more than doubled, while the bottom line went from a small loss to a profit of millions of Norwegian kroner.

by VIKTOR BRANDT KÆRGAARD

Scatec Solar is roaring full speed ahead. The firm, which constructs solar panel farms in developing countries, saw revenue this quarter and the result both skyrocket thanks to a divestment.

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