Scatec (OB:SCATC) Valuation Check As Barzalosa Solar Project Reaches Financial Close

March 1, 2026 - 12:03

Scatec ASA has successfully secured financing and commenced construction on its new 130-megawatt Barzalosa solar power plant in Colombia. This significant step forward is underpinned by a 15-year power purchase agreement (PPA), which guarantees a buyer for the majority of the facility's future electricity generation.

The company's recent momentum extends beyond South America. Scatec has concurrently announced achieving key development milestones for several other major projects, including initiatives in Egypt and South Africa. This stream of positive operational news appears to be resonating strongly with investors.

Market response has been notably favorable. Scatec's share price has demonstrated robust growth, delivering a 23.2% return over the last 90 days. Looking at a longer horizon, the total shareholder return over one year reaches an impressive 51.4%, with shares currently trading around NOK 122.6. This performance highlights growing investor confidence in the company's execution strategy and its expanding global portfolio of renewable energy assets. The Barzalosa project marks another concrete step in Scatec's mission to develop and operate sustainable power solutions across emerging markets.