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Scatec ASA
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==== ''Release by Scatec'' ==== Release is one of Scatec's subsidiaries. It offers a unique renewable energy solution in a rapidly growing market segment that requires a different business model than Scatec’s larger scale project business.<blockquote>Oslo 19 July 2023: Release by Scatec (“Release”) signed an agreement to raise USD 102 million (NOK 1 billion) in funding from Climate Fund Managers (“CFM” blended finance fund manager, renewable energy infrastructure in emerging markets.) to further accelerate its growth ambitions. Release was established by Scatec ASA (“Scatec”) in 2019 to offer a flexible leasing solution of pre-assembled and modular solar and battery equipment for the mining and utilities market. </blockquote>In this deal, CFM will contribute USD 55 million in equity for a 32% stake in Release. CFM will also provide shareholder loans totalling USD 47 million, part of which will be on concessional terms. While Scatec will retain the majority shareholding of 68%
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