Scatec ASA

Business and Financial Review • Aug 30, 2019

Scatec Solar reaches commercial operation for its fifth 65 MW power plant in Egypt

Scatec Solar reaches commercial operation for its fifth 65 MW power plant in Egypt

Oslo, 30 August 2019: Scatec Solar and partners have grid connected and reached

commercial operation for another 65 MW of the Benban project in Egypt. This is

Scatec Solar's fifth solar plant in country and the company now has 335 MW in

operation in Egypt. The last plant is expected to reach commercial operation

with a couple of months, marking completion of the 390 MW Benban project.

The Benban solar power plant will be Scatec Solar's largest project in operation

and is the company's first solar plant with bi-facial solar panels, capturing

the sun from both sides of the panels to increase the total clean energy

generation.

In April 2017, Scatec Solar with its partners KLP Norfund and Africa 50 signed a

25-year Power Purchase Agreements with the Government of Egypt for delivery of

electricity from six solar plants, equal in size, totaling 390 MW. The estimated

annual 870 GWh of electricity produced from Scatec Solar's plants in Benban will

avoid about 350,000 tons of CO2 emissions annually and provide energy for more

than 420,000 Egyptian households.

Scatec Solar now has 1,128 MW in operation and another 776 MW under construction

on four continents.

For further information, please contact:

Mikkel Tørud, CFO

tel: +47 976 99 144

mikkel.torud@scatecsolar.com

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About Scatec Solar

Scatec Solar is an integrated independent solar power producer, delivering

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

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

power plants and has an installation track record of more than 1.3 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 3.5 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

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This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act