Equinor increases its ownership in Scatec
Equinor ASA (Equinor) has acquired 5,000,000 shares in Scatec ASA (Scatec) from Scatec Innovation AS, corresponding to 3.1 percent of the shares and votes, at a total purchase price of NOK 305 million.
The purchase price per share is NOK 61. The closing price on 15 March 2023 was NOK 64,18.
Following the transaction Equinor owns a total of 25,776,200 shares of Scatec, raising its total shareholding to 16.2 percent of the shares and votes.
“As the largest shareholder in the company, we have acted on this opportunity to acquire an additional 3.1% stake in Scatec, a leading renewable energy company in emerging economies. The acquisition aligns well with our disciplined approach to growth within renewables. Since Equinor acquired its first shares in Scatec in 2018, we have continued to work constructively with Scatec’s management,” says Pål Eitrheim, executive vice president for Renewables in Equinor.
Partnering with Scatec, Equinor entered its first solar development project in 2017 via the Apodi asset in Brazil, followed by a second joint project in June 2018 with the Guanizul 2A in Argentina. The two companies are also partners together with Hydro Rein in the Mendubim solar development project (531 MW) in Brazil.
Equinor presents first integrated annual report
Equinor ASA (OSE: EQNR, NYSE: EQNR) publishes the integrated annual report for 2022, combining financial and sustainability reporting.
Equinor welcomes OKEA as new partner in the Statfjord area
Equinor has entered into an agreement to divest 28% working interest in PL037 (Statfjord area) to OKEA with an effective date 1 January 2023.
Historic visit offshore
On 17 March, EU Commission President Ursula von der Leyen, NATO Secretary General Jens Stoltenberg and Norwegian Prime Minister Jonas Gahr Støre visited the Troll A platform in the North Sea.