Scatec Solar’s NOK 4,750 Million Shares Private Placement


Thommessen has acted as legal counsel to the Joint Bookrunners in connection with the private placement.

Scatec Solar raised MNOK 4,750 million in gross proceeds through the allocation of 20,652,478 new shares at a subscription price of NOK 230 per share. The bookbuilding for the private placement was successfully completed on 20 October 2020.

BNP Paribas, DNB Markets, J.P. Morgan, Nordea, SpareBank 1 Markets and Swedbank AB acted as Joint Bookrunners in connection with the private placement.

Scatec Solar is an integrated independent renewable power producer listed on the Oslo Stock Exchange, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long-term player, Scatec Solar develops, builds, owns, operates and maintains power plants and has an installation track record of more than 1.6 GW. The company has a total of 1.9 GW in operation and under construction on four continents.

Thommessen’s team consisted of Hans Cappelen Arnesen (Picture), Nicolai Julsvoll and Djulia Todorova.

Involved fees earner: Hans Cappelen Arnesen – Thommessen AS; Nicolai Julsvoll – Thommessen AS; Djulia Todorova – Thommessen AS;

Law Firms: Thommessen AS;

Clients: BNP Paribas; DNB Markets; J.P. Morgan Investment Management Inc. ; Nordea Bank AB; SR Bank ASA; Swedbank;