Scatec and Swedfund write down value of Ukraine investments
BusinessMay 06, 2022
The Norwegian renewable energy company Scatec has written down the value of five solar power plants in Ukraine by NOK 770 million in the wake of Russia’s attack on the country. Sweden’s aid-financed investor Swedfund has also written down the value its USD 10 million loan for one of Scatec’s projects.
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