Greentech Advises


Greentech Advises Equinor on its Minority Investment in Scatec Solar
November 29, 2018

Greentech Capital Advisors is pleased to announce the following transaction:
Financial advisor on its acquisition of a 9.7% equity stake in

$82,400,000November 2018

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CLIENT OVERVIEW

Equinor ASA (NYSE:EQNR), formerly Statoil ASA, is a global energy company committed to developing oil, gas, wind and solar energy in over 30 countries. Equinor is the largest O&G operator in Norway, among the world’s largest offshore operators and a growing force in renewable energy under its New Energy Solutions (NES) division.

TRANSACTION OVERVIEW

  • On November 15, 2018, Equinor ASA (“Equinor”) acquired 9.7% of Scatec Solar (OSE:SSO) for approximately US$82.4mm (NOK700mm)
  • The investment in Scatec Solar is consistent with Equinor’s strategy to develop into a broad energy company
  • Equinor has made investments in renewable energy technologies, including recent commitments to offshore wind, with plans to further increase its position in low carbon technologies
  • Prior to its significant minority investment in Scatec Solar, Equinor had two joint venture agreements in Argentina and Brazil for a 117 MW and a 162 MW utility-scale solar farm, respectively, with Scatec Solar

The transaction press release can be found here.

“The investment in Scatec Solar will increase Equinor’s exposure to a fast growing renewable sector, further complementing Equinor’s portfolio with profitable solar energy. This is in line with our strategy to develop into a broad energy company,” says Pål Eitrheim, executive vice president for New Energy Solutions in Equinor.

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Greentech Capital Advisors acted as a financial advisor to Equinor. For additional information about this transaction, please contact:

Laurent Dallet
Partner
+33 6 26 80 64 15
Laurent@greentechcapital.com

Enrico Zini
Vice President
+41 79 810 39 43
Enrico@greentechcapital.com

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