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A Scatec project in Egypt.

Scatec reports YoY revenue growth in Q1 2025

May 9, 2025
Scatec has announced revenues of NOK2.39 billion (US$230 million) and profits of NOK1 billion (US$96 million) in the first quarter of 2025.
REC_Silicon_production_plant_550

Hanwha to buy REC Silicon for US$88.8 million, shareholders criticise ‘lowball’ offer

April 28, 2025
Beleaguered Norwegian silicon producer REC Silicon has received a buyout offer from its largest shareholder, Hanwha Corporation.
NorSun manufacturing plant

NorSun closes ingot and wafer manufacturing plant in Norway to focus on US

December 18, 2024
The ingot and wafer plant in Norway had an annual nameplate capacity of 1GW, according to the company’s website.
Sweden saw new capacity additions almost double between 2022 and 2023.
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Solar targets up across the piece

August 13, 2024
George Heynes charts the key market developments in the EU countries of Northern Europe, as well as non-EU members, Norway and the UK.
Image: Statkraft.

Statkraft scales down solar PV target amidst ‘challenging market conditions’

June 28, 2024
Norwegian energy company Statkraft has reduced its target to build solar, BESS and wind capacities from 2026 onwards.
Statkraft CEO Birgitte Ringstad Vartdal

Statkraft appoints Birgitte Ringstad Vartdal as CEO

March 19, 2024
Currently executive vice president Nordics at Statkraft, Birgitte Ringstad Vartdal will assume her new position on 1 April 2024.
The Mendubim solar plant in Brazil.

Equinor, Scatec and Hydro Rein commission 531MW Mendubim solar project in Brazil

March 11, 2024
Equinor, Scatec and Hydro Rein have started commercial operations at their 531MW Mendubim solar project in Brazil.
Polysilicon_solar_cellforweb

REC Group abandons Norwegian polysilicon facility, ESMC says outlook is ‘grim’

November 24, 2023
According to reports from Norwegian media outlets, the price of electricity in Norway, alongside worldwide overproduction of polysilicon, made REC’s operations untenable in comparison with its Chinese competitors.
Image: Statkraft

Statkraft CEO Christian Rynning-Tønnesen to step down

October 10, 2023
Norwegian energy company Statkraft has announced that president and CEO Christian Rynning-Tønnesen will leave the company after more than 13 years in office.
Image: Unsplash

NorSun bags US$8.5 million to build 5GW US wafer plant

August 15, 2023
Norwegian solar wafer manufacturer NorSun has closed NOK90 million (US$8.5 million) in equity financing to support its expansion in Europe and the US.

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