In the second quarter of 2024, Scatec, a leading renewable energy solutions provider based in Oslo, Norway, reported strong financial performance. The company achieved proportionate revenues of NOK 1.5 billion with an EBITDA of NOK 951 million, driven by new power plants in operation in South Africa, Brazil, and Pakistan. Notably, Scatec's power plants generated 995 GWh, leading to increased revenues. CEO Terje Pilskog expressed satisfaction with the results and highlighted the progress in new project constructions. A significant aspect of the quarter was Scatec's advancement in green hydrogen projects. The company signed agreements in Egypt for ammonia offtake and in Brazil for a power purchase agreement, showcasing the competitiveness of green hydrogen production in these regions. Additionally, Scatec is actively optimizing its portfolio by divesting African hydropower assets and part of its solar power plant ownership to reinvest capital into new renewable energy projects. Despite a net loss in the quarter, Scatec maintains a positive outlook for the full year, with estimates for power production and EBITDA remaining unchanged. The company continues to focus on attractive renewables growth and portfolio optimization strategies. The quarter also saw the refinancing of hydropower plants in the Philippines and the completion of various divestment agreements to align with Scatec's strategic objectives.