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Corporation
scatec.no

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Investments

9

Portfolio Exits

2

Partners & Customers

2

About Scatec Adventure AS

Scatec Solar is a global turn-key supplier of solar PV solutions, with headquarters in Oslo, Norway. It was established in 2007 by Dr. Alf Bjorseth, the founder of, among several other renewable energy initiatives, Renewable Energy Corporation, one of the world's largest integrated solar energy enterprises. In addition to having developed more than 25 MW of grid-connected solar parks in Europe, Scatec Solar is engaging in rural electrification in emerging markets, emphasized by the inauguration in January of Community Solar Power Plants (CSPPs) in two villages of Uttar Pradesh, India, providing renewable electricity to a total of 150 households as well as to local micro-industry. Scatec Solar has also recently started its North American operations.

Scatec Adventure AS Headquarter Location

Norway

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Scatec Adventure AS Investments

9 Investments

Scatec Adventure AS has made 9 investments. Their latest investment was in NorSun as part of their Unattributed - II on June 6, 2019.

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Scatec Adventure AS Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/14/2019

Unattributed - II

NorSun

$26.83M

No

2

6/30/2011

Series B

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$99M

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0

3/14/2011

Series E

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$99M

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10

3/12/2009

Unattributed

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$99M

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0

9/19/2008

Series A

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$99M

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0

Date

6/14/2019

6/30/2011

3/14/2011

3/12/2009

9/19/2008

Round

Unattributed - II

Series B

Series E

Unattributed

Series A

Company

NorSun

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Amount

$26.83M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

2

0

10

0

0

Scatec Adventure AS Portfolio Exits

2 Portfolio Exits

Scatec Adventure AS has 2 portfolio exits. Their latest portfolio exit was Confluence Solar on August 24, 2011.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/24/2011

Acquired

$99M

7/26/2011

Acquired

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$99M

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0

Date

8/24/2011

7/26/2011

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

0

Scatec Adventure AS Partners & Customers

2 Partners and customers

Scatec Adventure AS has 2 strategic partners and customers. Scatec Adventure AS recently partnered with Fertiglobe on October 10, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

10/14/2021

Partner

United Arab Emirates

Scatec partners with Fertiglobe and the Sovereign Fund of Egypt to develop green hydrogen as feedstock for ammonia production in Egypt

Established in 2019 and headquartered in Abu Dhabi , Fertiglobe is a 58/42 partnership between OCI N.V. and the Abu Dhabi National Oil Company .

2

3/7/2008

Client

Norway

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10

Date

10/14/2021

3/7/2008

Type

Partner

Client

Business Partner

Country

United Arab Emirates

Norway

News Snippet

Scatec partners with Fertiglobe and the Sovereign Fund of Egypt to develop green hydrogen as feedstock for ammonia production in Egypt

Established in 2019 and headquartered in Abu Dhabi , Fertiglobe is a 58/42 partnership between OCI N.V. and the Abu Dhabi National Oil Company .

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Sources

2

10

Scatec Adventure AS Team

2 Team Members

Scatec Adventure AS has 2 team members, including former Chief Executive Officer, Jan Magnussen.

Name

Work History

Title

Status

Alf Bjorseth

Founder

Current

Jan Magnussen

Chief Executive Officer

Former

Name

Alf Bjorseth

Jan Magnussen

Work History

Title

Founder

Chief Executive Officer

Status

Current

Former

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