Scatec ASA

Scatec publishes Annual Report and ESG Performance Report 2022

Oslo 22 March 2023: The Board of Directors of Scatec ASA has approved the annual

accounts for 2022, and the 2022 Annual Report including the ESG Performance

Report has been published today.

"As we reflect on 2022, we see a year of global turbulence. Few were left

untouched by the war waged in Ukraine, an energy crisis of historic proportions,

inflation and rising interest rates, and supply chain disruptions. The current

global energy crisis has injected greater urgency in the clean energy

transition, highlighting the importance and key role of renewable energy. Scatec

develops, builds, owns, and operates renewable energy in emerging markets,

working persistently to optimise our operations and to secure long-term,

profitable, and sustainable growth. During 2022, Scatec generated strong

operating cash flow, and took investment decisions and started construction of

1.2 GW of new power plants with healthy returns and margins, in line with our

disciplined strategic approach. We reported proportionate revenues of NOK 5,957

million and EBITDA of NOK 2,550 million, as well as solid ESG results during the

year," says Scatec CEO Terje Pilskog.

You can follow our digital report here (https://annualreport2022.scatec.com/).

For further information, please contact:

Andreas Austrell, VP IR

Tel: +47 974 38 686, [email protected]

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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 close to 800 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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