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Scatec ASA

Regulatory Filings Jun 17, 2016

3737_iss_2016-06-17_5e517d6b-8d9a-40ee-809c-0b6b91f00ded.html

Regulatory Filings

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Scatec Solar's first solar plant in Jordan in commercial operation

Scatec Solar's first solar plant in Jordan in commercial operation

Oslo, Norway, June 17, 2016: Scatec Solar's 10 MW Oryx solar plant in Jordan has

now reached commercial operation (COD).

Oryx was among the first utility scale projects granted permission by the

Jordanian authorities to be built under the nation's new Renewable Energy

Program. The 10.4  MW photovoltaic plant is connected to an existing sub-station

controlled by the state utility, NEPCO, with whom Scatec Solar has signed a 20

year Power Purchasing Agreement (PPA) for selling the solar electricity

generated by the plant.

"Oryx is a symbol of Scatec Solar working together with Jordanian partners to

achieve results on the ground. With the commissioning of Oryx, we expand our

international footprint into the Middle East and in the coming months, we will

deepen our presence in the region," says Raymond Carlsen, Scatec Solar's CEO.

Oryx is the first of three solar projects totalling 43 MW that Scatec Solar is

building in Jordan.

Developed by Scatec Solar, owning 90% of the plant together with its local

partner Quest Energy Investments, Oryx will produce 25,000 MWh of electricity

per year, serving the needs of about 5,000 households. The plant is located near

Ma'an city, 230 km south of the Jordanian capital, Amman.

Located in an arid area with scant vegetation, Oryx is built on 36 hectares,

roughly the size of 67 football fields. About 100 local skilled and semi-skilled

workers were employed during its construction. The technology used to build and

operate this power facility is state of the art, thereby empowering and

equipping local workers with the necessary skills to work hereafter in other

projects in the renewable energy sector.

The clean energy produced by Oryx will avoid 15,000 tons of CO2 emissions per

year. The project also enables sun-rich Jordan to harness its abundant solar

resources to become more energy-independent, address power deficits, reduce

pollution and save costs of imported liquid fuel for generating electricity.

For further information, please contact:

Mr. Raymond Carlsen, CEO,      tel: +47 454 11 280

[email protected]

Mr. Mikkel Tørud, CFO,             tel: +47 976 99 144

[email protected]

About Scatec Solar

Scatec Solar is an integrated independent solar power producer, delivering

affordable, rapidly deployable and sustainable source of clean energy worldwide.

A long term player, Scatec Solar develops, builds, owns, operates and maintains

solar power plants, and already has an installation track record of close to

600 MW.

The company is producing electricity from 393 MW of solar power plants in the

Czech Republic, South Africa, Rwanda, Honduras, Jordan and the United States.

Construction of an additional 33 MW solar power plants in Jordan is under way.

With an established global presence, the company is growing briskly with a

project backlog and pipeline of close to 1.5 GW under development in the

Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in

Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol

'SSO'.

[HUG#2021393]

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