Scatec ASA

Scatec Solar ASA - Share capital increase registered with the Norwegian Register of Business Enterprises

Oslo, 21 October 2020 - Reference is made to the stock exchange announcement

published by Scatec Solar ASA ("SSO" or the "Company", ticker code "SSO") on 21

October 2020, where the Company announced that the board of directors of the

Company had resolved to increase the Company's share capital through a private

placement following an accelerated a book building process.

On 21 October 2020 the Company issued 13,768,280 new shares (the "Private

Placement Shares"), which were allocated in the private placement. The Private

Placement Shares have been issued on the Company's existing ISIN NO0010809684

and admitted to trading on Oslo Stock Exchange as of today. The share capital

increase has also been registered with the Norwegian Register of Business

Enterprises (Nw. Foretaksregisteret). As a result of the share capital increase,

the Company has 151,451,469 shares in issue, each with a par value of NOK 0.025.

For further information, please contact:

Ingrid Aarsnes, VP Communication & IR

Tel: +47 950 38 364

About Scatec Solar ASA:

Scatec Solar is an integrated independent renwable power producer, delivering

affordable, rapidly deployable and sustainable clean energy worldwide. A long-

term player, Scatec Solar develops, builds, owns, operates and maintains power

plants and has an installation track record of more than 1.6 GW. The company has

a total of 1.9 GW in operation and under construction on four continents.

With an established global presence and a significant project pipeline, the

company is targeting a capacity of 4.5 GW in operation and under construction by

end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the

Oslo Stock Exchange under the ticker symbol "SSO". To learn more, visit

www.scatecsolar.com (http://www.scatecsolar.com/).

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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