Scatec ASA

Scatec starts commercial operation of its 148 MW solar plant in Ukraine

Oslo, 1 July 2021: Scatec has grid connected and will from 2 July start

commercial operations of its largest solar power plant in Ukraine, the 148 MW

Progressovka plant in the Mykolayiv region.

"We are pleased to complete our fourth project in Ukraine, supporting the

country's transition towards green energy," says Raymond Carlsen, CEO of Scatec.

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

is expected to deliver about 184 GWh per year. The solar plant has a design life

of more than 30 years and will on an annual basis provide clean energy to more

than 76,000 households, as well as lead to the abatement of more than 70,000

tonnes of GHG emissions.

For further information, please contact:

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

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 Ingrid Aarsnes, VP

Communication & IR at Scatec ASA, on 1 July 2021 at 17:21 CEST.

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