About: http://data.cimple.eu/news-article/e1e6ff31383ec56e2f193261d3ae51b61c952d4cbb785432e280d538

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About: http://data.cimple.eu/news-article/e1e6ff31383ec56e2f193261d3ae51b61c952d4cbb785432e280d538 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Norwegian solar power producer Scatec Solar announced Friday it would acquire compatriot hydropower firm SN Power for $1.17 billion, aiming to become a global player "in solar, hydro, wind and storage solutions". Raymond Carlsen, CEO of Scatec Solar, said hydropower and solar panels were "complementary technologies, resulting in new project opportunities". "For instance floating solar on hydro reservoirs," he said in a statement. Carlsen added that he hoped the deal would pave the way for a "geographical expansion into growth markets in South East Asia and Sub-Sahara Africa." The company said it had signed a binding agreement with state-owned investment fund Norfund, current owner of SN Power. Once the acquisition is complete, the combined company will have 450 employees and power plants in 14 countries. To reflect its more diverse assets, Scatec Solar also said it will change its name to Scatec. The deal is expected to be completed in the first half of 2021. phy/jll/po/bmm
schema:headline	Norwegian Scatec Solar buys hydropower firm for $1.2 bn
schema:mentions	Raymond of Poitiers Hydropower Southeast Asia Sub-Saharan Africa Solar power Wind power Norway Africa Chief executive officer SN Power Norfund Scatec Solar Floating solar Magnus Carlsen Private equity fund PHY (chip) JLL (company) Mark Roebuck
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	67 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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