Scatec starts commercial operation of 55 MW in Ukraine

Scatec starts commercial operation of 55 MW in Ukraine

Written by Customer Service on . Posted in Public Companies.

Oslo, 5 July 2021: Scatec has grid connected and started commercial operation of the 55 MW Chigirin project in the Cherkasy region, Ukraine.

“We are pleased to complete our fifth project in Ukraine since we started our journey in the country in 2017. The Ukrainian portfolio now totals 336 MW with an annual production of more than 400 GWh, powering almost 160,000 households with clean energy and contributing to significantly grow the renewable energy share in the country,” says Raymond Carlsen, CEO of Scatec.

The Chigirin project is realised under Ukraine’s Feed-in-Tariff scheme and is expected to deliver about 64 GWh per year. The solar plant has a design life of more than 30 years and will be providing clean energy to more than 28,000 households annually.

One of Scatec’s main sustainability priorities is contributing to local value creation by positively impacting the communities we operate in, both directly and indirectly. For all projects, Scatec allocates annual funds over the lifetime of the power plant for socio-economic development within areas such as health, education and development or establishment of infrastructure. The investment in such projects in Ukraine totals EUR 625,000 so far.


For further information, please contact:
Mikkel Tørud, CFO
Tel: +47 976 99 144, ir@scatec.com 

About Scatec
Scatec is a leading renewable power producer, delivering affordable and clean energy worldwide. As a long- term player, Scatec develops, builds, owns and operates solar, wind and hydro power plants and storage solutions. Scatec has more than 3.5 GW in operation and under construction on four continents and more than 500 employees. The company is targeting 15 GW capacity in operation or under construction by the end of 2025. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn more, visit www.scatec.com or connect with us on Linkedin.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Kine Aaltvedt, Communication & IR Coordinator at Scatec ASA, on 5 July 2021 at 18:00 CEST.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.