Scatec acquires SN Power

Renewable power producer Scatec on February 1 confirmed that it had received all necessary approvals for its $1.16-billion buyout of SN Power from Norfund and that all suspensive conditions have been met. “This acquisition forms a very important part of our broadened growth strategy, with ambitions to become a global player in solar, hydro, wind and storage solutions, and an integrator of high-value infrastructure solutions,” said Scatec CEO Raymond Carlsen.