Scatec ASA

Scatec Solar’s first solar plant in Malaysia in commercial operation

Oslo, 21 December 2018: Scatec Solar and partners' have grid connected and

reached commercial operation (COD) for the 65 MW Gurun solar power plant in

Malaysia. The Gurun plant is the first of three 65 MW solar plants under

completion by Scatec Solar in Malaysia.

"Completing our first solar plant in South East Asia together with our partners

marks another important milestone for us. We are now realising one of the

largest solar energy portfolios in the region with a total of 197 MW and we

continue to see several interesting opportunities in the South East Asian

market", says Raymond Carlsen, CEO of Scatec Solar.

The plant, located in the north-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 Gurun plant will contribute

to avoid about 70,000 tons 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).

Scatec Solar has during 2018 almost doubled its production from 322 MW to 585 MW

and now has a total of 1.4 GW in operation and under construction.

For further information, please contact:

Mikkel Tørud, CFO tel: +47 976 99 144

Ingrid Aarsnes, Communication & IR tel: +47 950 38 364

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 1.4 GW in operation and under construction in 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 (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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