Scatec ASA

Scatec makes first drawdown under non-recourse loan facility for Mendubim solar project in Brazil

Oslo 23 March 2023: Scatec ASA has made the first drawdown under a USD 243

million non-recourse loan facility, to partly finance construction of the 531 MW

Mendubim project in Brazil, after signing the loan documents in November 2022.

The loan is provided by IDB Invest, part of the Inter-American Development Bank

Group, Banco Santander, and BNP Paribas. Construction of the Mendubim solar

power plant is continuing with high activity and according to plan, and the

overall progress has reached 34 percent.

For further information, please contact:

For analysts and investors: Andreas Austrell, VP IR, phone: +47 974 38 686,

(https://www.globenewswire.com/Tracker?data=OP1kKIT_Zo7JdEl4HbkY4j5daCab5QAbOn0b

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About Scatec?

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

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

develop, build, own, and operate renewable energy plants, with 4.6 GW in

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

to grow our renewable energy capacity, delivered by our close to 800 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

(https://scatec.com/)?or connect with us on?LinkedIn

(https://www.linkedin.com/company/scatec).?

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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