Norfund sells SN Power to Scatec Solar, cashes in NOK 6 billion
BusinessOctober 16, 2020
Norway’s aid-funded investor Norfund is selling its hydropower firm SN Power to the solar energy company Scatec Solar, cashing in a net profit of NOK 6 billion. Norfund will continue to invest in greenfield projects in Sub-Saharan Africa through a new joint venture.
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