Scatec (SCATC)

TekBot · mai 7, 2024, 11:55am

Oslo Børs – Scatec ASA - Received application for listing of bonds

TekBot · mai 7, 2024, 11:56am

Oslo Børs – Scatec ASA - Mottatt søknad om notering av obligasjonslån

TekBot · mai 8, 2024, 8:42am

Scatec ASA - Approval of Supplement to Base Prospectus

Oslo 8 May 2024: The Financial Supervisory Authority of Norway has on 6 May
2024 approved the Supplement to Base Prospectus with appendices prepared by
Scatec ASA (the Company) in connection with the listing on the Oslo Stock
…

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Exchange of the Company’s NOK 1,750 million senior unsecured green bond issued
on 31 January 2024, with maturity in February 2028 (with ISIN: NO0013144964).

The Supplement to Base Prospectus is attached and published on the Company’s
website: Overview - Scatec.

For further information, please contact: Cecilie Engh Sætre, SVP Corporate
Finance & Treasury, tel: +47 97068181, Cecilie.Engh.Satre@scatec.com
(https://www.globenewswire.com/Tracker?data=FjfB-
cmKFAhjLH4_pM7fFc5fdZgDmljHqziKSnm1vzfqpLF6ptLWh6GJ5MtmnsA-
fLxhzeZDs_POYgKTg6O1n-CEdA43c4HOY5CNC99s0OGC0w_ytnFosvMIRc3J6NAQ)

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own, and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of ‘Improving our Future’. 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://scatec.com/) or connect with us on LinkedIn
(Scatec ASA | LinkedIn).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · mai 15, 2024, 12:30pm

Ny rente

TekBot · mai 21, 2024, 12:08pm

Ny rente

TekBot · mai 21, 2024, 1:27pm

Scatec ASA: Mandatory notification of trade by primary insider

TekBot · mai 22, 2024, 10:23am

Scatec ASA: Mandatory notification of trade by primary insider

TekBot · juni 3, 2024, 6:02am

Scatec ASA: Employee Share Purchase Programme 2024

Oslo, 3 June 2024: Scatec is continuing its Employee Share Purchase Programme
established in 2019. The participants are offered to purchase shares with a
subscription value of between NOK 18,490 and NOK 99,223. Employees are offered a
…

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price reduction of 25 percent of the subscription value in exchange for the
shares being subject to a two-year lock-up period.

The subscription period will run from 3 June to 10 June 2024. The price per
share will be based on the average volume-weighted share price on the Oslo Stock
Exchange from and including 3 June to 10 June 2024. The allocation of shares
will take place on 18 June 2024.

DNB will on behalf of the Company purchase Scatec ASA shares in the open market
for onwards sale to participants under the programme.

For further information, please contact:
Andreas Austrell, VP Investor Relations, ir@scatec.com (mailto:ir@scatec.com)

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own, and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of ‘Improving our Future’. 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://scatec.com/) or connect with us on LinkedIn
(Scatec ASA | LinkedIn).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · juni 10, 2024, 1:20pm

Release by Scatec extends solar plants in Cameroon by 28.6 MW solar and 19.2 MWh BESS

10 June 2024, Cameroon/Norway: Release by Scatec has entered into two new lease
agreements with the national electricity company ENEO in Cameroon, expanding its
existing solar and battery storage power plants in the country to 64.4 MW of
…

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solar and 38.2 GWh of batteries.

Release completed the already existing solar plants in Maroua and Guider in
Cameroon (35.8 MW solar and 19 MWh BESS) in September 2023, and is now adding
28.6 MW of solar and 19.2 MWh of battery storage. The Maroua and Guider solar
power plants are based on the innovative Release solution of movable panels and
batteries, which are deployed under a simple and flexible leasing contract.
Release has available funding for these projects based on the capital raise
completed last year when Climate Fund Managers came in as equity investor with
32% ownership stake.

“This extension is a testimony to the success of the initial projects and to
the benefits provided by our innovative offering. By increasing the installed
capacity in the country, we are reaffirming our collaboration with ENEO and our
commitment to Cameroon as a key market for our solutions,” says Hans Olav
Kvalvaag, CEO at Release.

“In addition to improving electricity supply in Cameroon and significantly
reducing the cost and CO2 emissions from alternative generation based on diesel
supply, these pioneering leasing contracts with ENEO are serving as a model for
access to affordable clean energy for other countries and large energy consumers
in the region. We have the funding available to support significant growth and
expect to close and start implementing several additional projects from our
pipeline in the coming months,” adds Kvalvaag,

When the extensions of the projects are completed, Release’s projects in
totality will supply energy to about 200,000 households in Cameroon, according
to ENEO estimates, generating an annual production of about 141.5 GWh of
electricity. In combination with the storage capacity the installation will
ensure stable supply of electricity also during peak hours.

“ENEO Cameroon has renewed its trust in its partner Release by Scatec to double
the capacity of the solar power plants in Guider and Maroua. This move will
enable Eneo to further secure power generation in the Northern regions while
also improving service quality for households and the industrial sector in these
regions. This new step towards more reliable and carbon-free energy is part of
Eneo’s strategy, which is central to its continued efforts, under the auspices
of the Government of Cameroon, to sustainably improve on the power available in
Cameroon,” according to Amine Homman Ludiye, CEO of ENEO Cameroon.

“Our successful partnership with Release by Scatec has greatly benefited the
local population in northern Cameroon by eliminating blackouts. This new project
will further reduce our dependency on diesel and save the government millions of
dollars in fuel costs,” says H.E. Gaston Eloundou Essomba, Minister of Water and
Energy, Republic of Cameroon.

The projects were originally developed in partnership with Izuba Energy and
Sphinx Energy.

Contact:
Hans Olav Kvalvaag, CEO Release, tel:
+47 90 17 13 18, hans.olav.kvalvaag@scatec.com
(https://www.globenewswire.com/Tracker?data=ASw9evCmRRTXH_w7CY3Td5ox4PbfWjJlOips
SmCx448fsDYIwWMiMtXRRhwt5BFzCEc_7b95K3p_KAeZJ6QpWG4qcXANYEoPE7oEVGJx_q1n2ElxApRi
JuuPTs0dXCN-)

About Release
Designed to overcome financial and technical barriers associated with adopting
solar energy, Release is a flexible leasing agreement of pre-assembled solar PV
and battery equipment to deliver a low cost, clean, and reliable power solution.
Release is owned by Scatec ASA (https://scatec.com/) (68%) and Climate Investor
One (32%), an impact investment fund managed by Climate Fund Managers. Home -
Release by Scatec (releasesolar.com) (https://releasesolar.com/)

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · juni 10, 2024, 4:41pm

Scatec ASA: Employee Share Purchase Programme 2024

10 June 2024: As announced on 3 June 2024, Scatec offered participants the
opportunity to purchase shares with a trading value of between NOK 18,490 and
NOK 99,223. The subscription period was from 3 June to 10 June 2024. The price
…

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per share has been set at NOK 86.1741, based on the average volume-weighted
share price on the Oslo Stock Exchange from and including 3 June to 10 June
2024. In total, employees have subscribed for 50,162 shares under the share
purchase programme. The allocation of shares is expected to take place on 18
June 2024 with delivery to employees on or about 19 June 2024.

See attachment for an overview of the primary insiders who have subscribed for
shares in Scatec ASA as per end of the subscription period, including the number
of shares to be allocated to the primary insiders, as well as the notification
of the transactions in accordance with the Market Abuse Regulation Article 19.

For further information, please contact:
Andreas Austrell, VP Investor Relations, ir@scatec.com (mailto:ir@scatec.com)

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own, and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of ‘Improving our Future’. 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://scatec.com/) or connect with us on LinkedIn
(Scatec ASA | LinkedIn).

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities
Trading act.

Kilde

TekBot · juni 10, 2024, 4:49pm

Scatec ASA: Initiation of a share buyback for Employee Share Purchase Programme

Oslo, 10 June 2024: Scatec ASA (“Scatec” or the “Company”) has decided to
initiate a buyback of up to 50,162 of its own shares for a total maximum amount
of NOK 6,484,000. The buyback programme may be carried out in the period from
…

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this announcement and until 14 June 2024.

The purpose of the programme is to acquire shares that can be sold to employees
as part of the Company’s Employee Share Purchase Programme as announced in the
stock exchange announcement published 3 June 2024 at 08.00 (CEST) in compliance
with the EU Market Abuse Regulation article 5, and as approved by the General
Meeting of the Company.

The Company has engaged DNB Bank ASA to carry out the buyback. The buybacks will
be made in accordance with the authorisation granted to the Board of Directors
by the Company’s Annual General Meeting held on 18 April 2024. According to the
authorisation, up to 2,801,451 shares may be purchased at a minimum of NOK 1 and
a maximum of NOK 1,000 per share. The authorisation is valid until the Annual
General Meeting in 2025, however no later than 30 June 2025.

All acquisitions under the buyback programme will be executed on Euronext Oslo
Børs. The execution of any repurchases will depend on market conditions, the
buyback programme may be discontinued at any time and the Company may resolve to
terminate the buyback programme before the threshold set out above is reached.

Scatec does not hold any own shares as of the date of this announcement.

For further information, please contact:
Andreas Austrell, VP Investor Relations, ir@scatec.com (mailto:ir@scatec.com)

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own, and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of ‘Improving our Future’. 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://scatec.com/) or connect with us on LinkedIn
(Scatec ASA | LinkedIn).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · juni 13, 2024, 2:16pm

Scatec ASA: Completed share buyback for Employee Share Purchase Programme

Oslo, 13 June 2024: Reference is made to the stock exchange release by Scatec
ASA (“Scatec” or the “Company”) published on 10 June 2024 regarding initiation
of a share buyback programme.
…

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The Company has completed its share buyback programme. DNB Bank ASA has been
engaged to carry out the buybacks on behalf of the Company pursuant to the EU
Market Abuse Regulation article 5.

The Company has acquired a total of 50,162 own shares at an average volume
weighted price per share of NOK 84.6157. A report of all the transactions
relating to the buy-back programme, in a detailed form and in an aggregated form
is attached.

The shares acquired is used for the Company’s Employee Share Purchase Programme
and sold to employees.

After the acquisition and sale to employees, Scatec does not own any shares in
the Company.

For further information, please contact:
Andreas Austrell, VP Investor Relations, ir@scatec.com (mailto:ir@scatec.com)

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own, and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of ‘Improving our Future’. 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://scatec.com/) or connect with us on LinkedIn
(Scatec ASA | LinkedIn).

This is information is made public by the Company pursuant to the EU Market
Abuse Regulation and subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

Kilde

Bingo123 · juni 30, 2024, 9:21am

Bingo123 · juni 30, 2024, 10:17pm

The CEO of the Norwegian company “Scatec” said that the company signed today a contract with the Norwegian company “Yara Clean Ammonia” to purchase green ammonia from the “Damietta for Green Ammonia Production” project, which the company will implement, with investments amounting to dlrs 900 million, in Damietta port, in partnership with Misr Fertilizers Production Company (MOPCO) and thr Egyptian Petrochemicals Holding Company (ECHEM).

Under the contract, “Yara Clean Ammonia” Company will purchase green ammonia from Egypt for a period of 20 years, he further noted. (MENA)
R R N/R G E

TekBot · juli 1, 2024, 6:30am

Yara Clean Ammonia, Scatec, ECHEM and MOPCO signs Heads of Terms for renewable ammonia offtake agreement in Egypt

Oslo and Cairo, 1 July 2024: Scatec ASA, a leading renewable energy solutions
provider, and its partners, ECHEM and MOPCO, have agreed on Heads of Terms for
renewable ammonia offtake from Egypt with Yara Clean Ammonia, the world’s
…

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largest trader- and distributor of ammonia.

Last year, Scatec, the Egyptian Petrochemicals Holding Company (ECHEM) and Misr
Fertilizers Production Company (MOPCO) (the “Sponsors”) entered into a joint
development agreement and a shareholder agreement for the production of
renewable ammonia.

The Sponsors will develop and build up to 480 MW of renewable energy and an up
to 240 MW electrolyser facility for production of renewable hydrogen, which will
be used as feedstock for production of renewable ammonia at MOPCO’s existing
ammonia production facility at Damietta in Egypt. The targeted production
capacity is up to 150,000 tonnes of renewable ammonia per annum.

Scatec also signed a letter of Intent with the European Investment Bank (“EIB”)
for long-term financing for the project, showcasing EIB’s commitment to support
renewable hydrogen and renewable ammonia projects in Egypt.

“We are very pleased to be signing this Heads of Terms with global industry
leader Yara Clean Ammonia. This is a testament to Scatec’s position in Egypt and
our strategy to focus on developing renewable hydrogen projects related to
existing ammonia production capacity. Scatec will bring their expertise and
experience gained from other projects. We are looking forward to our future
collaboration,” says Scatec CEO Terje Pilskog.

“Yara Clean Ammonia has a diversified portfolio of asset backed and offtake
agreements for low-emission ammonia. This project will further strengthen our
sourcing portfolio of renewable ammonia and is a testimony to Yara Clean Ammonia
as the most preferred off-taker as the world’s largest trader and distributor of
ammonia. Once the project has reached a final investment decision, the renewable
ammonia from this project will help us reliably serve our customers across
several market sectors,” says Yara Clean Ammonia CEO Hans Olav Raen.

Today’s signature is a further step towards our efforts in working with our
partners from the private sector to support translating Egypt’s national low
carbon hydrogen strategy into action through specific projects," said Egyptian
Minister of Petroleum and Mineral Resources, H.E. Tarek El Molla. “Such
collaboration and partnerships will help secure renewable hydrogen investments,
de-risk implementation of projects and facilitate realizing Egypt’s vision of
becoming a regional and global green hydrogen hub.”

“We are excited to embark on this significant project in collaboration with
Scatec and MOPCO. This agreement with Yara Clean Ammonia not only underscores
our commitment to sustainable energy solutions but also marks a substantial step
forward in our mission to innovate within the petrochemical industry. The
development of renewable ammonia from this project aligns with our strategic
goals and will contribute to a greener future for Egypt and beyond,” says ECHEM
President & Chairman Eng. Ibrahim Mekki

“Misr Fertilizers Production Company “MOPCO”, one of the major ammonia and urea
producers in MENA, is working together with their partners, ECHEM and Scatec
ASA, to develop a major renewable ammonia production facility in Egypt through
Damietta Green Ammonia Company, “DGA”, that was recently established by the
three parties. The facility will produce approximately 150,000 metric tons of
renewable ammonia for export in the international market through the well-known
global off-taker, Yara Clean Ammonia. As one of DGA shareholders, MOPCO, is
pleased to announce the signature of the Heads of Terms for this flagship
ammonia offtake with Yara Clean Ammonia,” says MOPCO Chairman and Managing
Director Eng. Ahmed Mahmoud El-Sayed

“Enabling industry to harness renewable energy is key for the green transition.
Accelerating renewable hydrogen production in Egypt can strengthen business
competitiveness and unlock opportunities to export renewable hydrogen. The
European Investment Bank looks forward to working with Scatec and project
partners to unlock large scale renewable hydrogen investment across Egypt,” says
EIB Vice President Gelsomina Vigliotti.

For further information, please contact:
Yara Clean Ammonia:
Media inquiries: Hilde Steinfeld, hilde.steinfeld@yara.com
(mailto:hilde.steinfeld@yara.com), mobile: +47 99 35 30 30
Investor relations in Yara Int.: ir@yara.com (mailto:ir@yara.com)

Scatec:
Investor relations: Andreas Austrell, andreas.austrell@scatec.com
(mailto:andreas.austrell@scatec.com), mobile: +47 974 38 686
Media inquiries: Meera Bhatia, meera.bhatia@scatec.com
(mailto:meera.bhatia@scatec.com), mobile: +47 468 44 959

About Yara Clean Ammonia (YCA)
Yara grows knowledge to responsibly feed the world and protect the planet. Yara
Clean Ammonia is uniquely positioned to enable the hydrogen economy in a market
expected to grow substantially over the next decades. We aim at significantly
strengthening our leading global position as the world’s largest ammonia
distributor, unlocking the green and blue value chains, and driving the
development of clean ammonia globally.

Building on Yara’s leading experience within global ammonia production,
logistics and trade, Yara Clean Ammonia works towards capturing growth
opportunities in low-emission fuel for shipping, power generation, low-carbon
food production and ammonia for industrial applications.
Yara Clean Ammonia operates the largest global ammonia network with 15 ships and
has, through Yara, access to 18 ammonia terminals and multiple ammonia
production and consumption sites across the world. Revenues and EBITDA for the
FY 2023 were USD 1,9 billion and USD 101 million respectively. Yara Clean
Ammonia is headquartered in Oslo, Norway.
www.yaracleanammonia.com (http://www.yaracleanammonia.com/)

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own, and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of ‘Improving our Future’. 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://scatec.com/) or connect with us on LinkedIn
(Scatec ASA | LinkedIn).

About ECHEM
The Egyptian Petrochemicals Holding Company (ECHEM) was established in January
2002 to manage and develop the Petrochemicals industry in Egypt through new
promising areas of investment. ECHEM priority is to enhance the growth of
Petrochemical industry through implementing The National Petrochemicals Master
Plan with the target of realizing the optimum utilization of natural gas in
value added products. ECHEM is entitled to develop a competitive petrochemicals
industry based on local human and natural resources, using state-of-the-art
technology and through implementing a pre-set flexible strategy. ECHEM seeks a
high standard of performance, etching a prominent position in the competitive
environment, and aims for efficient and sustainable use of natural resources. To
learn more, visit www.echem-eg.com

About MOPCO
Misr Fertilizers Production Company “MOPCO” is considered as the largest
producer of nitrogen fertilizer products in Egypt and one of the major producers
of these products in MENA. It was established in 1998 on plot of 400,000 m2
inside Damietta Public Free Zone next to Damietta port located in the middle of
the world, with assets exceeding 50 billion Egyptian Pounds.

MOPCO specializes in the production of urea as a basic product with 2 million
tons production capacity per year and anhydrous ammonia as an intermediate
product with 1.2 million tons capacity per year through their three plants using
advanced EU technologies that achieves the highest levels of product quality,
safety, and environmental protection. MOPCO is exporting approximately 50% of
its urea production and 40% of its anhydrous ammonia production to the
international markets especially EU, while 50% and 60% of its production of urea
and anhydrous ammonia respectively are sold in the local market.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

Kilde

TekBot · juli 11, 2024, 2:22pm

Scatec’s Egypt Green Hydrogen Project signed 20-year offtake agreement with Fertiglobe, based on H2Global award

Oslo, 11 July 2024: Scatec ASA’s Egypt Green Hydrogen project, in partnership
with Fertiglobe, Orascom Construction, The Sovereign Fund of Egypt and the
Egyptian Electricity Transmission Company, reaches a key milestone, after
…

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Fertiglobe secured a green ammonia offtake agreement with Hintco in Germany,
through the first ever H2Global auction.

Based on the award, Fertiglobe and Egypt Green Hydrogen have entered into a 20-
year ammonia offtake agreement. The agreement was signed at the Egypt-EU
Investment Conference in Egypt on 29 June 2024.

“The H2Global award represents a key milestone for the Egypt Green Hydrogen
project in Ain Sokhna, Egypt. This demonstrates the competitiveness of green
hydrogen and ammonia production in Egypt, driven by its abundant renewable
energy resources and strategic geographical location. We are grateful for the
Egyptian government´s leading role in supporting this pioneering project and we
look forward to continuing to work with the relevant stakeholders to establish
Egypt as a regional green hydrogen hub. With Fertiglobe securing an offtake
agreement for the ammonia, Egypt Green Hydrogen will accelerate the project’s
development and advance it towards financial close,” says Scatec CEO Terje
Pilskog.

In 2021, Scatec and partners agreed to develop, build, own and operate a 100 MW
electrolyser facility to produce renewable hydrogen to be used as feedstock for
the production of renewable ammonia at Fertiglobe’s existing ammonia plant in
Ain Sokhna, Egypt. The project will be powered by about 270 MW of solar and wind
power capacity and deliver approximately 13,000 tonnes of renewable hydrogen and
up to 74,000 tonnes of renewable ammonia annually.

Scatec is the lead developer and majority sponsor of Egypt Green Hydrogen with
an ownership share of 52% and will provide EPC services in collaboration with
Orascom Construction. Scatec will further provide O&M and Asset Management
services for the project alongside key technology providers and project
partners.

Next important milestones for the project are to select the electrolyser
supplier and complete the project financing process with the European Bank for
Reconstruction and Development (EBRD), European Investment Bank (EIB), Germany’s
development finance institution and KfW subsidiary DEG, British International
Investment (BII), and US International Development Finance Corporation (DFC),
that are providing competitive financing to support the first green hydrogen and
ammonia project in Egypt. The partners expect to reach financial close in the
first half of 2025.

Ahmed El-Hoshy, Chief Executive Officer of Fertiglobe, said: “This award marks a
significant milestone for Fertiglobe in advancing sustainable ammonia production
and a further critical step towards FID of Egypt Green Hydrogen, expected in H1
2025. Our selection as the winning bidder in H2Global’s pilot auction
underscores our leadership in supplying low-carbon products and our commitment
to shaping a more sustainable future, and I appreciate the work of our
incredible team to make this award possible. We are leveraging this vital
program which makes our investment in sustainable ammonia economically viable,
supporting critical decarbonization technology, while maintaining our
disciplined growth strategy.”

Gelsomina Vigliotti, Vice President of the European Investment Bank, said:
“Green hydrogen has a key role to play in the energy transition and in providing
carbon-neutral solutions for industry. The first offtake agreement for hydrogen
produced in Egypt, agreed at the Egypt-EU Investment Conference, represents a
key step for future large-scale investment in the sector. The European
Investment Bank looks forward to strengthening our cooperation with Scatec,
Egyptian and international partners to mobilise investment for large-scale
renewable hydrogen production in Egypt.”

Nandita Parshad, Managing Director of the EBRD’s Sustainable Infrastructure
Group, said: “The signing of the offtake agreement is a key milestone for the
Egypt Green Hydrogen project with our long standing clients Scatec and Orascom
Construction, as well as the Sovereign Fund of Egypt and Fertiglobe. The EBRD is
proud to support this pioneering project which will produce 13,000 tons of
renewable hydrogen annually and demonstrate the commercial viability of
renewable Hydrogen in Egypt.”

Monika Beck, Managing Director at DEG, commented: “It is part of DEG’s mission
as an impact and climate financier to promote green hydrogen as a driver of
green transformation. We are delighted to contribute to mobilizing investment in
this milestone project in Egypt together with our esteemed client Scatec and our
development finance partner institutions. We are convinced that it is essential
to join forces to drive forward the green transformation, and the private sector
plays a key role in this.”

Iain Macaulay, Director and Head of Project Finance in Africa at BII, said:
“Egypt has the potential to be a global leader in renewable energy generation
and green hydrogen production. I am delighted that BII has been able to provide
project finance to back this landmark project, that will support a green and
sustainable future for the country and showcase the importance of new
technologies in supporting a just transition for the whole African continent.”

The project is located in Egypt’s Suez Canal Economic Zone (SCZONE), which seeks
to become a major hub for green hydrogen industries. Waleid Gamal Eldien,
Chairman of SCZONE, said: “The Egypt-EU Investment Conference 2024, marked a
vital milestone on Egypt’s pathway to become a global green ammonia hub, as we
celebrated the signing of a flagship offtake agreement between Fertiglobe and
Egypt Green Hydrogen, the first green hydrogen plant in Africa, located at the
SCZONE. As first agreement under H2Global auction, the offtake not only
demonstrates the EU support to the emerging green hydrogen industry and the
realization of Egypt’s potential, but additionally emphasizes Egypt’s
determination to reach its vision, and showcase its comparative advantage
stemming from its abundant renewables resources, industrial land, and its unique
geographic location with ease of access to the world. The agreement is a
testimony of Egypt’s leadership and support in mobilizing its resources to
attract foreign direct investments in green projects through the facilitation
provided by its stakeholders.”

The H2Global Foundation was established in 2021 to accelerate the emergence of
markets for clean hydrogen and other zero-and low-emission technologies
worldwide. It does so through market-based instruments, such as the H2Global
mechanism, implemented by its subsidiary Hintco. The German Federal Government
has committed EUR 4.43 billion into this initiative.

Please find the announcements by H2Global & Fertiglobe here:

H2Global: News (h2-global.org) (News)

Fertiglobe: Newsroom - Fertiglobe (Newsroom - Fertiglobe)

For further information, please contact:
For analysts and investors: Andreas Austrell, VP IR, phone:
+47 974 38 686, andreas.austrell@scatec.com
(https://www.globenewswire.com/Tracker?data=Hb0NQs1FEM_L5UKgknJRBO2ToOiY05Gqblhr
eps0dr8otSUGWZTZhtMmjiagDF65mJUCeQDSNuVTmGDLqf3SVx5okmjOPrnK_uyk5b9jHFjEK65YCypR
Ct7VfqPR3qs8)

(https://www.globenewswire.com/Tracker?data=Hb0NQs1FEM_L5UKgknJRBO2ToOiY05Gqblhr
eps0dr8otSUGWZTZhtMmjiagDF65mJUCeQDSNuVTmGDLqf3SVx5okmjOPrnK_uyk5b9jHFjEK65YCypR
Ct7VfqPR3qs8)For media: Meera Bhatia, SVP External Affairs & Communications,
phone: +47 468 44 959, meera.bhatia@scatec.com
(https://www.globenewswire.com/Tracker?data=i_Z5cgfSzDS6_PBmr57KOQaz5gP87azHZehU
7g0aFFnHtL0jBgt6a1nrQZlNGpusUgbv3Dd8m8TSAv3F9E6qSjonhsodbXE5SZ_dJ3NXrz8=)

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own, and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of ‘Improving our Future’. 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://scatec.com/) or connect with us on LinkedIn
(Scatec ASA | LinkedIn).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · juli 30, 2024, 6:02am

Scatec enters agreement to sell African hydropower assets to TotalEnergies in line with strategy

Oslo, 30 July 2024: Scatec ASA, a leading renewable energy provider, has signed
an agreement with TotalEnergies to sell its 51 percent stake in the African
hydropower joint venture with Norfund and British International Investment
…

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(BII), in line with the company’s strategy. The proceeds from the transaction
will be used to support Scatec’s self-funded growth plan.

The sale covers Scatec’s indirect interest held through SN Power of the
operating 255 MW Bujagali hydropower plant in Uganda, and a development
portfolio consisting of the 361 MW Mpatamanga in Malawi, and the 206 MW Ruzizi
III at the border of Rwanda, DRC, and Burundi. The joint venture was established
in 2021 between Scatec and Norfund, the Norwegian investment fund for business
activities in developing countries, as part of the SN Power acquisition. In
2022, BII joined as a co-investor. The transaction supports the business
continuity of the hydropower activities on the continent, including commitments
to projects and stakeholders.

“Our decision to sell our African hydropower assets is in line with our strategy
to focus the largest share of our investments in our core markets and on solar,
wind and battery energy storage, while divesting assets in non-focus markets. We
are pleased to announce today’s transaction, as we believe TotalEnergies will be
a strong asset owner going forward, with the ability to further develop the
projects and contribute to the energy transition in Africa. We would like to
thank the entire hydropower team for their hard work and dedication over the
years, you have made a significant impact. In addition, our gratitude goes to
our joint venture partners, host governments, and lenders for the support since
2020,” said Terje Pilskog, Scatec CEO.

“This acquisition of renewable hydroelectric assets and projects in Africa
reflects our desire to contribute to the continent’s energy transition by
bringing electricity to the people of African countries. In particular, we are
delighted to be able to become a player in hydro power in Uganda, a country
where we are also developing a major oil project. This is another example of
TotalEnergies’ ability to implement its multi-energy strategy in oil-producing
countries to support them in their energy transition,” said Patrick Pouyanné,
TotalEnergies Chairman and CEO.

The transaction is subject to conditions and consents being received from
stakeholders including lenders and joint venture partners - and is scheduled to
close within first half of 2025. The transaction price and the final accounting
effects will be disclosed at closing of the transaction due to commercial
considerations.

For further information, please contact:
For analysts and investors: Andreas Austrell, VP IR, phone:
+47 974 38 686, andreas.austrell@scatec.com
(mailto:andreas.austrell@scatec.com%20%0b)For media: Meera Bhatia, SVP External
Affairs & Communications, phone: +47 468 44 959, meera.bhatia@scatec.com
(mailto:meera.bhatia@scatec.com)

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own, and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of ‘Improving our Future’. 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://scatec.com/) or connect with us on LinkedIn
(Scatec ASA | LinkedIn).

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, IR Analyst at
Scatec ASA, on 30 July 2024 at 08:00 CEST.

Kilde

TekBot · august 1, 2024, 2:14pm

Scatec closes sale of 8.5 MW solar power plant in Rwanda

Oslo, 1 August 2024: Scatec ASA, a leading renewable energy company in emerging
economies, has closed the divestment of its 54% equity stake in the 8.5 MW solar
power plant in Rwanda to Fortis Green Fund I Rwanda Holdings Ltd (Fortis) and
…

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Axian Energy Green Ltd (Axian) for USD 1.38 million. This announcement follows
the notice provided to the market in the fourth quarter of 2023.

“We continue to deliver on our strategy to consolidate our portfolio through
divestment of assets in non-core markets, and recycling capital into new
investments in renewable energy. We are very satisfied with the closing and
would like to thank the teams in Scatec, Fortis, Axian and other parties
involved for a successful transaction. We are confident that the new owners will
take good care of the solar power plant and continue to deliver clean renewable
energy to the Republic of Rwanda for many years to come,” says Scatec CEO Terje
Pilskog.

Scatec has also exited from the operations, maintenance, and asset management
agreements for the power plant and has officially discontinued all operations in
Rwanda.

For further information, please contact:
For analysts and investors: Andreas Austrell, VP IR, phone: +47 974 38 686,
andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)
For media: Meera Bhatia, SVP External Affairs and Communications, phone:
+47 468 44 959, meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy in emerging markets. As a long-term player,
we develop, build, own, and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of ‘Improving our Future’. 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://scatec.com/) or connect with us on LinkedIn
(Scatec ASA | LinkedIn).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · august 2, 2024, 6:01am

Scatec sells part of Kalkbult, Linde, and Dreunberg in South Africa for ZAR 921 million to finance further growth opportunities

Oslo, 2 August 2024: Scatec ASA, a leading renewable energy provider, has today
signed an agreement with Greenstreet 1 Proprietary limited, a subsidiary of
STANLIB Infrastructure Fund II, managed by STANLIB Asset Management Proprietary
…

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Limited (“STANLIB”), to sell part of its ownership in the Kalkbult, Linde, and
Dreunberg solar power plants, with a total capacity of 190 MW, for a gross
consideration of ZAR 921 million (USD 50 million).

Scatec currently holds an economic interest of approximately 46 percent in the
Kalkbult and 44 percent in the Linde and Dreunberg solar power plants. The
transaction will be conducted through a two-step process, whereby Scatec will
sell down to approximately 13 percent in Kalkbult and 12 percent in Linde and
Dreunberg.

Scatec remains committed to long term investment in South Africa and will
continue to provide Operations & Maintenance and Asset Management services to
the three facilities, which were won under Rounds 1 and 2 of South Africa’s
REIPPP Programme.

“This transaction signifies continued implementation of our strategy to recycle
capital into new investments in renewable energy. We are very pleased to secure
a value accretive transaction and are confident that STANLIB, who has been
invested in the assets since inception, will be a solid majority owner of the
asset going forward,” says Scatec CEO Terje Pilskog.

“Having been in South Africa for over a decade, we have grown into a leading
renewable energy player in the country. South Africa will continue to remain a
core growth market for us, and we will continue to build scale through new
investments, including the Grootfontein solar projects under construction, the
Mogobe battery storage project, and through Lyra Energy, our private sector
focused vehicle,” adds Pilskog.

The first phase of the transaction is estimated to close in the second half of
2024 and the second phase in the first half of 2025. Closing of the transaction
is subject to customary consents including lender, shareholder, and regulatory
authority approvals. The accounting effects will be disclosed at closing of the
transaction.

Notes to editors

Kalkbult: The Kalkbult plant, situated in the Northern Cape region, was the
first project commissioned under Round 1 REIPPP in March 2014. The project
holds a 20-year PPA with Eskom, the national utility company.

Linde: Situated in the arid Karoo region of the Northern Cape, Linde
benefits from extremely high levels of irradiation. Linde was commissioned
in July 2014 and holds a 20-year PPA with Eskom, the national utility
company.

Dreunberg: Dreunberg is situated in the Eastern Cape of South Africa.
Commissioned in December 2014, Dreunberg was the second project won under
Round 2 of the REIPPP Programme. The project holds a 20-year PPA with Eskom,
the national utility company.

STANLIB is the second largest asset manager (by assets under management) in
South Africa, and part of Standard Bank Group Limited.

For further information, please contact:
For analysts and investors: Andreas Austrell, VP IR, phone:
+47 974 38 686, andreas.austrell@scatec.com
(mailto:andreas.austrell@scatec.com)For media: Meera Bhatia, SVP External
Affairs & Communications, phone: +47 468 44 959, meera.bhatia@scatec.com
(mailto:meera.bhatia@scatec.com)

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own, and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of ‘Improving our Future’. 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://scatec.com/) or connect with us on LinkedIn
(Scatec ASA | LinkedIn).

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, IR Analyst at
Scatec ASA, on 2 August 2024 at 08:00 CEST.

Kilde

larslars · august 2, 2024, 2:11pm

Men er ikke lavere gjeld og lavere rente bra for Scatec da?