Scatec closes sale of Vietnam wind power plant to SUSI Asia Energy Transition Fund
13 Febbraio 2025 - 10:51AM
UK Regulatory
Scatec closes sale of Vietnam wind power plant to SUSI Asia Energy
Transition Fund
Oslo, 13 February 2025: Reference is made to
the stock exchange notice on 13 September 2024, regarding the sale
of Scatec ASA’s 100 percent stake in the 39-megawatt (MW) Dam Nai
wind farm and the associated operating company in Vietnam to
Sustainable Asia Renewable Assets, a utility-scale renewable energy
platform of the SUSI Asia Energy Transition Fund.
The transaction is now completed, and Scatec has received the
initial payment of USD 27 million, with potential for additional
earn-out payments of up to USD 13 million that are subject to
certain conditions being fulfilled prior to May 2026.
At the Scatec Group level, the transaction generated an
accounting gain of approximately USD 8 million on a proportionate
and consolidated basis, including a fair value estimate of the
contingent consideration, which will be recognised in the first
quarter 2025. Following the transaction Scatec will exit all
operations in Vietnam.
For further information, please contact:
For analysts and investors: Andreas Austrell, VP IR, phone: +47 974
38 656, andreas.austrell@scatec.com
For media: Meera Bhatia, SVP External Affairs &
Communications, phone: +47 468 44 959, meera.bhatia@scatec.com
About Scatec
Scatec is a leading renewable energy solutions provider,
accelerating access to reliable and affordable clean energy
emerging markets. As a long-term player, we develop, build, own,
and operate renewable energy plants, with 5 GW in operation and
under construction across five continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate
employees and partners who are driven by a common vision of
‘Improving our Future’. 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 subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
Grafico Azioni Scatec ASA (TG:66T)
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