Scatec ASA

Scatec Solar’s first solar plant in Ukraine starts commercial operation

Oslo, 29 August 2019: Scatec Solar and partner Rengy Development have grid

connected and reached commercial operation for the 47 MW Rengy project in the

south of Ukraine.

"We are very proud to have started commercial operations in Ukraine just 13

months after securing the project. The solar power plant will deliver clean

energy to around 15,000 households and contribute to avoid about 51,000 tonnes

of carbon emissions per year, supporting Ukraine's renewable energy target" says

Raymond Carlsen, CEO of Scatec Solar.

The project is realised under the country's fixed Feed-in-Tariff scheme until

2030 and is expected to produce about 56 GWh per year. Public land has been

leased for an extended time-period and the plants are expected to deliver power

also beyond the Feed-in-tariff period.

Scatec Solar reached a major milestone earlier this month when the asset

portfolio exceeded 1 GW in operation and the company now has 1,063 MW in

operation. In addition, Scatec Solar has another 841 MW under construction on

four continents.

For further information, please contact:

Mikkel Tørud, CFO

tel: +47 976 99 144

Ingrid Aarsnes, Communication & IR

tel: +47 950 38 364

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 more than 1 GW. The company

has a total of 1.9 GW in operation and under construction on four continents.

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

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This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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