Equinor sells 8.07% stake in Scatec for $169m

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shares.Equinor first became a minority shareholder in 2018 and increased its stake to 16.12% through acquisitions between 2019 and 2023, at an average cost of around Nkr80 per share, including dividends.The partnership between Scatec and Equinor on the Apodi and Mendubim solar projects in Brazil remains unchanged by this transaction.Scatec focuses on expanding access to reliable and affordable clean energy in emerging markets.As a long-term participant in the sector, the company develops, constructs, owns and operates renewable energy facilities, with a capacity of 6.2GW currently operational and under construction across five continents.In February this year, Scatec secured financial closure and began construction on the 130MW Barzalosa solar facility in Colombia.BTG Pactual Comercializadora de Energía, a subsidiary of Brazil’s Banco BTG Pactual, previously signed a 15-year power purchase agreement for the project.This agreement will cover roughly 85% of the expected output, with the remainder sold into the Colombian electricity market.In December last year, Equinor, alongside its Brazilian subsidiary Rio Energy, launched commercial operations at the Serra da Babilônia solar facility.This is the company's first hybrid solar-wind complex in Brazil.The complex integrates 140MW of solar capacity with 223MW of wind capacity.Both the solar facility and the existing wind project are located at Serra da Babilônia, combining solar and wind resources efficiently.In September 2025, Equinor announced that it intends to maintain its 10% stake in Ørsted by participating in the upcoming rights issue proposed by Ørsted’s board.The decision aligns with Equinor’s strategy as a long-term industrial shareholder and underscores its commitment to strengthening Ørsted’s financial position amid current industry challenges."Equinor sells 8.07% stake in Scatec for $169m" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. 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