Sustainable Edge: Solar, energy security and capital discipline in emerging markets with Terje Pilskog, CEO at Scatec

<p><span style="color: rgb(0, 0, 0); background-color: transparent;">Solar has quietly become the single largest source of electricity in Europe, and in many emerging markets, clean energy is no longer a climate ambition but a matter of national energy security. In this episode of Sustainable Edge, Scatec CEO Terje Pilskog explains how renewables have moved beyond the ESG hype cycle into disciplined, profitable infrastructure, and why economics, not politics, is now driving the energy transition.</span></p><p><br></p><h3><strong style="color: rgb(0, 0, 0); background-color: transparent;">In this episode of Sustainable Edge</strong></h3><p><span style="color: rgb(0, 0, 0); background-color: transparent;">Recorded live at the annual Pareto Energy conference in Oslo, host Joachim Nahem, Executive Chairman and Co-Founder at Position Green, sits down with Terje Pilskog, CEO of Scatec, which builds utility-scale solar, wind and storage in markets such as Ukraine, South Africa, Egypt, Brazil and the Philippines.</span></p><p><span style="color: rgb(0, 0, 0); background-color: transparent;">Five years ago, renewable stocks rode an unprecedented valuation boom. Today, the hype has cooled, interest rates are higher, and developers have shifted their focus to profitability and sustainable cash flows. Terje shares how Scatec navigated that reset, from sharpening its focus on core markets and reducing corporate debt to lowering its cost of capital, and why he remains a climate optimist even as global political attention on climate has faded.</span></p><p><br></p><p><span style="color: rgb(0, 0, 0); background-color: transparent;">Together, they explore why governments in emerging markets are choosing renewables without subsidies, whether recent Middle East conflicts mark a turning point for clean energy, what solar developers can learn from oil and gas majors, and how Scatec continues to operate in Ukraine amid ongoing attacks on energy infrastructure.</span></p><p><br></p><h4><strong style="color: rgb(0, 0, 0); background-color: transparent;">Learn about</strong></h4><ul><li><strong style="background-color: transparent;">From ESG hype to business fundamentals</strong></li><li><span style="background-color: transparent;"> How Scatec responded to the post-2021 market reset by focusing on fewer markets, cutting debt and building a more resilient, profitable business.</span></li><li><strong style="background-color: transparent;">Why economics now drives the transition</st