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



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.


  • 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.


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

Laurent Dallet
+33 6 26 80 64 15

Enrico Zini
Vice President
+41 79 810 39 43

All activities of Nomura Greentech in the U.S. are conducted by Nomura Securities International, Inc. (“NSI”), a broker-dealer registered with the SEC and a member of FINRA. All services of Nomura Greentech conducted outside of the U.S. are provided by Nomura Greentech Capital Advisors, AG (“NGCA AG”), a Swiss company limited by shares, unless notified otherwise. NGCA AG does not provide services that require it to be licensed as a broker-dealer in Switzerland and is not so licensed. NSI and NGCA AG are affiliates under common control. The web domain provides information about NSI and NGCA AG.