What is Scatec?
Scatec is a leading provider of renewable energy solutions, dedicated to accelerating access to reliable and affordable clean energy in emerging markets. With a robust operational footprint, the company develops, builds, owns, and operates renewable energy plants. Today, Scatec boasts 4.7 GW of capacity in operation and under construction across four continents, demonstrating its significant global reach and commitment to sustainable energy development. The company's strategic focus on long-term player status in the renewable energy landscape positions it as a key contributor to global decarbonization efforts.
How much funding has Scatec raised?
Scatec has raised a total of $299.4M across 6 funding rounds:
Debt
$100M
Debt
$16.5M
Debt
$22M
Private Equity
$102M
Grant
$32M
Other Financing Round
$27M
Debt (2021): $100M with participation from Pakistan Kuwait Investment, FMO NV, The Bank of Punjab, and Faysal Bank
Debt (2022): $16.5M led by Proparco
Debt (2022): $22M supported by European Bank for Reconstruction and Development
Private Equity (2023): $102M featuring Dutch Development Bank, Sanlam Infraworks, and Climate Fund Managers
Grant (2024): $32M backed by PtX Development Fund
Other Financing Round (2025): $27M with participation from Banco Bradesco
Key Investors in Scatec
Proparco
Proparco, a subsidiary of the French Development Agency, focuses on financing and supporting businesses in emerging markets, aiming to enhance the contribution of private actors to achieving Sustainable Development Goals through loans, investments, and technical assistance.
Banco Bradesco
Banco Bradesco is a Brazilian financial institution providing a wide range of banking products and financial services, operating through its Banking and Insurance segments.
Climate Fund Managers
Climate Fund Managers specializes in blending private and public capital for climate-resilient solutions in emerging markets, focusing on renewable energy and resilient cities with a significant impact on greenhouse gas emission reductions.
What's next for Scatec?
The recent major strategic investment signifies Scatec's continued trajectory towards scaling its operations and expanding its market penetration. This infusion of capital is expected to fuel further development of renewable energy projects, potentially in new geographies or through the enhancement of existing infrastructure. Scatec's established expertise in navigating complex emerging markets, coupled with its commitment to sustainable energy, positions it favorably for continued growth and impact in the global transition to clean energy. The company's ability to attract substantial backing from diverse financial institutions highlights its strong market position and future potential.
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