Scatec ASA

Regulatory Filings • Nov 28, 2018

Scatec Solar’s first solar plant in Brazil in commercial operation

Scatec Solar’s first solar plant in Brazil in commercial operation

Oslo, 28 November 2018: Scatec Solar is together with partners Equinor and Apodi

Par pleased to announce that the 162 MW Apodi Solar plant is grid connected and

in commercial operation.

"We have successfully realized our first solar power plant in Brazil and yet

again confirming our strong track record as an independent solar power producer.

We see significant potential for further growth in Brazil and other parts of

Latin America, and we will soon start construction of a new 117 MW solar plant

in Argentine in partnership with Equinor", says Raymond Carlsen, CEO of Scatec

Solar.

"This is a strategic milestone for Equinor. Apodi was our first step into the

solar industry. With the plant now in operations and through our excellent

collaboration with Scatec Solar, we are complementing Equinor's portfolio with

profitable solar energy. Apodi adds to our portfolio in Brazil, a core area for

the company. This also shows that we are well underway on our journey to become

a broad energy company turning natural resources into energy for people and

progress for society, says Pål Eitrheim, EVP of New Energy Solutions in Equinor.

The Apodi Solar project was awarded in the auction process held by ANEEL, the

Brazilian Electricity Regulatory Agency, in November 2015. Apodi Solar holds a

20-year Power Purchase Agreement (PPA) with CCEE, the Brazilian Power

Commercialization Chamber. The plant is located in the state of Ceará, Brazil

and is expected to provide about 340,000 MWh of electricity per year, providing

energy for more than 170,000 households. The clean energy produced by the Apodi

Solar plant is equivalent to a CO2 reduction of around 200,000 tons per annum.

In October 2017, Scatec Solar established a 50/50 Joint Venture (JV) with

Equinor to build, own and operate large scale solar plants in Brazil. The JV is

be responsible for operation and maintenance as well as asset management of the

solar plant.

The Apodi Solar plant is owned 43.75 percent by Scatec Solar, 43.75 percent by

Equinor and 12.5 percent by the holding company Apodi Participações formed by

the Brazilian companies Z2 Power, Pacto Energia and Kroma Energia.

Scatec Solar now holds 519 MW of solar power plants in operation, 895 MW under

construction and about 4.5 GW in project backlog and pipeline.  ?

For further information, please contact:

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

mikkel.torud@scatecsolar.com (mailto:mikkel.torud@scatecsolar.com)

Ingrid Aarsnes, Communication & IR  tel: +47 950 38 364

ingrid.aarsnes@scatecsolar.com (mailto:ingrid.aarsnes@scatecsolar.com)

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 519 MW of solar power plants in the Czech Republic,

South Africa, Rwanda, Honduras, Brazil and Jordan and has 895 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.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act