Scatec ASA

Share Issue/Capital Change • May 13, 2019

Scatec Solar has reached commercial operation for the 65 MW Jasin solar plant

Scatec Solar has reached commercial operation for the 65 MW Jasin solar plant

Scatec Solar and partners have grid connected its second solar power plant in

Malaysia, the 65 MW (DC) Jasin plant. This plant is the second of three 65 MW

solar plants under completion by Scatec Solar in Malaysia.

"We are pleased to have reach commercial operation for the Jasin solar plant,

doubling our assets in operation to 130 MW in Malaysia. South East Asia

continues to be a key market for us, and we expect that the Government of

Malaysia will maintain high ambitions for the deployment of renewable energy in

the country", says Raymond Carlsen, CEO of Scatec Solar.

The plant, located in the south-west of Peninsular Malaysia is expected to

provide about 94,000 MWh of electricity per year, providing energy for more than

31,000 households. The clean energy produced by the Jasin plant will contribute

to avoid about 70,000 tonnes of carbon emissions per year.

In December 2016, Scatec Solar entered the Malaysian large-scale solar energy

market by joining forces with a local ITRAMAS-led consortium that had signed

three 21-year Power Purchase Agreements (PPAs) with the country's largest

electricity utility, Tenaga Nasional Berhad (TNB). The partnership covers

realisation of three solar plants totaling 197 MW with a total investment of

about MYR 1,235 million (USD 293 million).

With grid connection of this power plant, Scatec Solar currently has 714 MW in

operation and another 941 MW under construction.

For further information, please contact:

Mikkel Tørud, CFO

Mobile: +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 GW. The company

has a total of 1.7 GW in operation and under construction in Argentina, Brazil,

the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South

Africa and Ukraine.

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