Scatec ASA

Share Issue/Capital Change • Aug 19, 2019

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

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

Oslo, 19 August 2019: Scatec Solar and partners have grid connected and reached

commercial operation for another 65 MW of the 390 MW Benban project in Egypt.

Scatec Solar now has 260 MW in operation in Egypt and expects to have completed

the remaining two plants out of six over the next couple of months.

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.

For further information, please contact:

Mikkel Tørud, CFO

tel: +47 976 99 144

mikkel.torud@scatecsolar.com

(https://www.globenewswire.com/Tracker?data=vQjzEopBZQJ5M2-

hTk6n2g5T04_phBnJJsjNIQrWKftIigIy6xWuboTZovDtm_UFkAenb-

ZL1bPJZY7Qe4rUsPT53IpkoJjMnLT-

bt9z1PCLITVBswPpkJl3L35WIAllUhMkvOsxRjLRQOHyyzWrvWm96dmipAgTNQuSYzHiW_znV6WzgwpR

Hgmhlc3WzMcfx3dJXFBW2JVhHyABtoS-bQnJb9O-gguCLlMUSpE1RCXZAf7vbr1LwhlSVMZGiNN-

URcXlQtS0_g-c6K0N6UTlqkGY0AL-eWq-XO6-ctxq8wS95vMzCpkHQyV3YDw1yFlPgCESiHb4RGuo-

uaaB1xXW3JmMBcFBsg4Qp24ch0Bgmh9LY4sdg8W1PCljKIQqAk89tRH5MEZZCWrudTp83p8GFq_pDIlO

ZPVDzAujeLTAqcKizNzASelLQOKm_c7AT4pz08ZIr4l8uA0PtH7BuRBmFEzb9tg87I4Dwxfgb7TyQpbe

nrD9mf3ujxCvyjZZQ7VihXA3cpd_92oiqSq5momQ==)

Ingrid Aarsnes, Communication & IR

tel: +47 950 38 364

ingrid.aarsnes@scatecsolar.com

(https://www.globenewswire.com/Tracker?data=MRYXA-

iqKOfCYvQRdY1LwSXCu22jxAyDYVTBurqnCY_w9GJ01iZfZZoRy5l0cZ-

6vYBMtmaFkkt71xjTsQ2BRQvnO7obmX3ZBTrPCEh_d7cVl1JszTMZH4LvmTyspqeYeXoGF8w84b_w2Tx

EWTM0JeFEHFnbhUwsDuVXhQYxkMok0opuO78xgTZd1mHZgAVM6elhjAuAq4imRA8W83XPrN33O5i7dy0

UMaTb-TgoC0blR6y5TGsPqpBmhnVDbUcfUm_hLOWdhIKFtTvVo-BgeKj4-n0aCvoOr90Zu1SFI-

HFFiQ0W2eFWDCOxVN8NQsdAyEEgXLSIKjX88ZuMAEiLBEzc1wGTfxSgwtCtgHHrH_GIxxh4vnnsQtSGC

H-KiHt8jpnKTmU9u6_06VJQ21QKew4w3R5pnobLsjjct5Fx77a1L8pxz9r-cr1ADL_tT-

8kaiyJNBYRMsrFUfy1hzt2-

et1oF9rW03GqCpTxeJfQXA0z9V2ldENGyWsCJbOrhfmdQxy3VXRUMzy_NAo5yP6UvWPT9YUE54UsV4xV

Xfzx0RGHysxproIVTxWsKOvf9u)

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 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

(https://www.globenewswire.com/Tracker?data=_oU_hW4HVhBUHiU4DI3VKlVEG4oePQM6Lfyd

fLk972sOPYV9rIED7hRLrmF_bc89iVbmFUHLGzlW0aSvomlCAoW4LmJUJJ2_bJqtLE3Rf-

ctwVe1rkf8h2BB4EU9b1li7E1rWJWmV8prGmgRx7zcNoLB2h8IApA4LZs0VYmEJRCAcIqChiDOYSo_PP

7iHE__Ps6ATYIeETWGuPD_ASLxI6Jp0ohg1F563nDvDSbewwEVuPWZ8Hm2ly79c7I62v2caXDco4CG6w

h55lJIN5jrLw==).

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act