Equinor sells stake in solar firm Scatec for $169 million

Tuesday 14 April 2026 - 08:00

Norwegian energy company Equinor has sold a significant portion of its stake in solar energy firm Scatec, in a deal valued at approximately $169 million. The transaction reflects ongoing adjustments within the global energy sector as companies reassess their investment strategies.

The sale involved around 12.9 million shares, priced at 125 Norwegian crowns each. This represented a discount compared to the previous closing price, a move often used to ensure swift completion of large-scale share transactions in financial markets.

Following the deal, Equinor retains a reduced stake of just over 8% in Scatec, maintaining a continued—though smaller—presence in the renewable energy company. The Norwegian group did not publicly specify the reasons behind the divestment, leaving analysts to speculate about potential strategic shifts.

Both companies play important roles in Norway’s energy landscape, with Equinor traditionally focused on oil and gas while also expanding into renewables, and Scatec specializing in solar energy development across multiple international markets.

The transaction comes amid strong performance by Scatec on the stock market, with its share price having risen significantly since the beginning of the year. Market observers note that such timing may indicate an effort by Equinor to capitalize on favorable market conditions.

The move highlights broader trends in the global energy industry, where companies are balancing investments between traditional fossil fuels and renewable energy sources. Strategic portfolio adjustments like this are increasingly common as the sector evolves in response to economic pressures and the transition toward cleaner energy.