Scatec ASA

Regulatory Filings • Jul 5, 2021

Scatec starts commercial operation of 55 MW in Ukraine

Scatec starts commercial operation of 55 MW in Ukraine

Oslo, 5 July 2021: Scatec has grid connected and started commercial operation of

the 55 MW Chigirin project in the Cherkasy region, Ukraine.

"We are pleased to complete our fifth project in Ukraine since we started our

journey in the country in 2017. The Ukrainian portfolio now totals 336 MW with

an annual production of more than 400 GWh, powering almost 160,000 households

with clean energy and contributing to significantly grow the renewable energy

share in the country," says Raymond Carlsen, CEO of Scatec.

The Chigirin project is realised under Ukraine's Feed-in-Tariff scheme and is

expected to deliver about 64 GWh per year. The solar plant has a design life of

more than 30 years and will be providing clean energy to more than 28,000

households annually.

One of Scatec's main sustainability priorities is contributing to local value

creation by positively impacting the communities we operate in, both directly

and indirectly. For all projects, Scatec allocates annual funds over the

lifetime of the power plant for socio-economic development within areas such as

health, education and development or establishment of infrastructure. The

investment in such projects in Ukraine totals EUR 625,000 so far.

For further information, please contact:

Mikkel Tørud, CFO

Tel: +47 976 99 144, ir@scatec.com (mailto:ir@scatec.com)

About Scatec

Scatec is a leading renewable power producer, delivering affordable and clean

energy worldwide. As a long- term player, Scatec develops, builds, owns and

operates solar, wind and hydro power plants and storage solutions. Scatec has

more than 3.5 GW in operation and under construction on four continents and more

than 500 employees. The company is targeting 15 GW capacity in operation or

under construction by the end of 2025. 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://www.globenewswire.com/Tracker?data=vr-

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This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Kine Aaltvedt, Communication &

IR Coordinator at Scatec ASA, on 5 July 2021 at 18:00 CEST.