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Scatec ASA M&A Activity 2023

Oct 19, 2023

3737_rns_2023-10-19_af8fe68a-c716-4ebb-b3c8-42d730d15457.html

M&A Activity

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Scatec and Equinor sell solar power plant in Argentina to Central Puerto

Scatec and Equinor sell solar power plant in Argentina to Central Puerto

19 October 2023, Oslo: Scatec ASA and Equinor ASA have agreed to sell their

shares in the 117-megawatt (MW) Guañizuil IIA solar power plant in Argentina, as

well as their shares in the local operating services company to Central Puerto,

one of Argentina's largest power generators. As a result, Scatec is exiting the

Argentinian market.

For more info, please see the Q2 report: Scatec second quarter and first half

2023 report (https://scatec.com/wp-content/uploads/sites/7/2023/08/Scatec-

second-quarter-and-first-half-report-2023.pdf).

For further information, please contact:

For analysts and investors: Andreas Austrell, VP IR, [email protected]

(mailto:[email protected])

For media: Meera Bhatia, SVP Communications

& Government Affairs, [email protected] (mailto:[email protected])

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 4.4 GW in

operation and under construction across four 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

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

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