Scatec ASA

Scatec signs PPA for 900MW onshore wind project in Egypt

Oslo/Cairo, 15 June 2025: Scatec ASA, a leading renewable energy solutions

provider, has signed a USD-denominated 25-year Power Purchase Agreement (PPA)

with the Egyptian Electricity Transmission Company (EETC) for a 900 MW wind

project, through its dedicated project company "Shadwan Wind Power SAE" to

accelerate Egypt's transition towards a greener and more sustainable energy mix.

"This project is a testament to Scatec's position as one of the leading

renewables companies in Egypt. We are now advancing four major renewables

projects in the country, with a diversified technology base. I would like to

thank all parties involved for making this happen with a particular

acknowledgement to the skills and persistence of our Egyptian team" says Scatec

CEO Terje Pilskog.

The project will be located in Ras Shukeir, which has some of the worlds' best

wind resources for onshore wind power. The signing of the PPA will be followed

by wind measurements on the site, to be finalised in the first half of 2026,

before the project is further advanced towards financial close and construction.

For further information, please contact:

For analysts and investors:

Andreas Austrell, SVP IR

+47 974 38 686

For media:

Meera Bhatia, SVP External Affairs & Communications

+47 468 44 959

About Scatec

Scatec is a leading renewable energy solutions provider, accelerating access to

reliable and affordable clean energy in emerging markets. As a long-term player,

we develop, build, own, and operate renewable energy plants, with 6.2 GW in

operation and under construction across five continents today. We are committed

to grow our renewable energy capacity, delivered by our passionate employees and

partners who are driven by a common vision of 'Improving our Future'. Scatec is

headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the

ticker symbol 'SCATC'. To learn more, visit www.scatec.com or connect with us on

LinkedIn.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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