Norwegian independent power producer (IPP) Scatec has been impacted by an impairment loss from its solar PV plants and intangible assets in Ukraine and Pakistan during its third quarter results for 2026.
Analysis: Just as the energy crisis following Russia’s invasion of Ukraine led to a European pivot on clean energy, the US-Israel war on Iran presents another potential turning point, this time with a wider global reach.
Despite the attacks on the country’s energy infrastructure and the ongoing war with Russia, Vladyslav Sokolovskyi, chairman of the board of the SEAU, said the figures were “positive”.
The European Bank for Reconstruction and Development (EBRD) has formed a joint venture with German energy company Goldbeck Solar Investment to develop up to 500MW of solar PV in Ukraine.