Scatec ASA

Scatec publishes Annual Report and ESG Performance Report 2023

Oslo, 20 March 2024: The Board of Directors of Scatec ASA has approved the

annual accounts for 2023, and the 2023 Annual Report including the ESG

Performance Report has been published today.

"2023 was a year marked by geopolitical uncertainties, a turbulent macroeconomic

environment, and volatile interest rates, but significant progress for Scatec.

We have strategically positioned the company for continued growth in 2024 with a

self-funded and more focused strategy. We have had all-time high construction

activity, delivered strong financial results, and secured new projects for

further value creating growth through 2024 and onwards. It is a privilege to

lead Scatec with its commitment to accelerate the growth of renewable energy to

combat climate change based on a clear business model, strong track-record, and

a competent and talented organisation," says Scatec CEO Terje Pilskog.

The attached reports and the European Single Electronic Format (ESEF) have also

been made available on the Company's website.

You can visit our digital report here (https://annualreport2023.scatec.com/).

For further information, please contact:

Andreas Austrell, VP IR, Tel: +47 974 38 686, [email protected]

About Scatec

Scatec is a leading renewable energy solutions provider, accelerating access to

reliable and affordable clean energy emerging markets. As a long-term player, we

develop, build, own, and operate renewable energy plants, with 4.6 GW in

operation and under construction across four continents today. We are committed

to grow our renewable energy capacity, delivered by our passionate employees and

partners who are driven by a common vision of 'Improving our Future'. Scatec is

headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the

ticker symbol 'SCATC'. To learn more, visit www.scatec.com

(https://scatec.com/) or connect with us on LinkedIn

(https://www.linkedin.com/company/scatec).

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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