What is Scatec?
Scatec is a leading renewable energy solutions provider dedicated to accelerating access to reliable and affordable clean energy in emerging markets. With a robust track record as a long-term player, the company engages in the development, construction, ownership, and operation of renewable energy plants. Today, Scatec boasts a substantial portfolio of 4.7 GW in operation and under construction, spanning across four continents. Its strategic focus on emerging markets positions it as a key contributor to global sustainability goals and energy transition initiatives.
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 The Bank of Punjab, FMO NV, Faysal Bank, and Pakistan Kuwait Investment
Debt (2022): $16.5M led by Proparco
Debt (2022): $22M supported by European Bank for Reconstruction and Development
Private Equity (2023): $102M featuring Sanlam Infraworks, Climate Fund Managers, and Dutch Development Bank
Grant (2024): $32M backed by PtX Development Fund
Other Financing Round (2025): $27M with participation from Banco Bradesco
Key Investors in Scatec
Climate Fund Managers
Climate Fund Managers specializes in blending private and public capital to deliver climate-resilient solutions in emerging markets across Africa, Asia, and Latin America. With over USD 2 billion in assets under management and a target of an additional USD 6 billion, they focus on key areas of climate change mitigation and adaptation, including renewable energy and resilient cities. Their impact includes significant reductions in greenhouse gas emissions and extensive renewable energy production, serving millions of people. The company aims to foster sustainable growth in communities most affected by climate change.
European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD) is a multilateral bank committed to the development of market-oriented economies and the promotion of the private and entrepreneurial initiatives.
Proparco
Proparco is a subsidiary of the French Development Agency (AFD) that focuses on financing and supporting businesses and financial institutions across Africa, Asia, Latin America, Eurasia, and the Middle East. The company aims to enhance the contribution of private actors to achieving the Sustainable Development Goals (SDGs) through its interventions. Proparco offers a range of solutions including loans, investments, guarantees, and technical assistance, targeting startups, SMEs, financial institutions, and investment funds. Its activities are centered around three impact objectives: promoting a sustainable and resilient economy, protecting the planet, and reducing inequalities.
What's next for Scatec?
The recent major strategic investment signifies Scatec's ongoing commitment to scaling its operations and expanding its reach in key emerging markets. This capital injection is anticipated to fuel further development of renewable energy projects, enhance operational efficiencies, and potentially explore new technological advancements in clean energy. Scatec's strategic positioning and consistent access to significant financing indicate a strong trajectory for continued growth and impact in the global renewable energy landscape, likely focusing on expanding its capacity and solidifying its presence in high-growth regions.
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