Scatec ASA

Scatec Solar secures 83 MW in Ukraine

Oslo, June 11, 2018: Scatec Solar has signed agreements securing two projects

with capacity of 33 MW and 50 MW in the Cherkassy region of Ukraine.

The projects will be realized under the country's Feed-in-Tariff (FiT) scheme

and the two plants are expected to produce about 106,000 MWh per year. Land will

be leased for an extended time-period from the local municipalities and the

plants are expected to deliver power also beyond the 10-year FiT period.

Total capex for the projects is estimated to EUR 85 million. The project finance

process has been initiated with the European Bank of Reconstruction and

Development (EBRD) in lead. Financial close and construction start is expected

later in 2018 with commercial operation during 2019.

"We are very enthusiastic about securing our first two projects in Ukraine to

our backlog, and we see it as a first step to develop a larger portfolio of

solar power plants in the country. Ukraine is actively working to change their

energy mix and increase the share of power supplied from renewables. We are very

pleased to once again partner with EBRD to promote renewables and open a new

market for solar", says CEO Raymond Carlsen.

Scatec Solar will be the lead equity investor in the projects and is targeting

to secure additional equity partners for the projects. Scatec Solar will be the

Engineering, Procurement and Construction (EPC) provider and provide Operation &

Maintenance as well as Asset Management services to the power plants.

For further information, please contact:

Mr. Mikkel Tørud, CFO, tel

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 1,000 MW.

The company is producing electricity from 322 MW of solar power plants in the

Czech Republic, South Africa, Rwanda, Honduras and Jordan and has 1,092 MW under

construction. 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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