Scatec ASA (STECF) Q2 2026 Earnings Call Transcript

Scatec ASA (STECF) Q2 2026 Earnings Call August 21, 2026 3:00 AM EDT Company Participants Terje Pilskog - Chief Executive Officer Hans Jakob Hegge - Chief Financial Officer Andreas Austrell - Senior Vice President of Investor Relations Conference Call Participants Andreas Nygard - Nordea Markets, Research Division Presentation Terje Pilskog Chief Executive Officer Good morning, and welcome to our second quarter presentation for 2026. The second quarter has been a good quarter with several important milestones that we have been achieving. We continue to deliver on our strategy. to drive value-creating growth at a high pace across our geographies. So during the quarter, we have continued to move projects into operation. We have started construction of new projects, and we have also moved new projects into backlog. And we continue to see demand for renewable energy continuing to grow. And Scatec is operating in countries with strong and increasing underlying demand for clean, reliable and affordable renewable energy. And renewable energy is the most competitive source of energy in the markets where we are operating. And this is based on continued cost reductions and technology innovations across all the technologies, solar, wind and batteries. And based on this, we can deliver not only intermittent energy, but also flexible energy and baseload energy at competitive prices in the markets where we are operating. Further, with the ongoing challenging situation in global energy markets, long-term predictability and energy security is increasing in importance. And this will also continue to drive the demand for renewables in our markets. And as a result, we see the intention now to accelerate the energy transition for economic reasons. And the case for renewables is becoming very strong and evident for key stakeholders and government officials and decision-makers in the markets where we are operating, and we continue to see the clear intention to accelerate