Scatec (SCATC)

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Scatec signs 15-year CfD contract for Romanian solar portfolio

Oslo, 20 January 2025: Scatec ASA, a leading renewable energy solutions
provider, has signed a 15-year Contract-for-Difference (CfD) with Opcom, the
Romanian electricity market operator. The CfD will cover approximately 70% of
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the estimated production from a 190 MW solar portfolio, with the remaining
production being sold in the Romanian wholesale electricity market.

The contracts were awarded in the first CfD auction in Romania funded by the EU
Modernisation Fund. The Modernisation Fund is an EU programme established to
support selected member states to meet their energy targets. Approximately 1.5
GW of solar PV and onshore wind was awarded in this first round in Romania,
while the remainder of a total auction plan of 5 GW is expected to be awarded in
2025.

With this award, Scatec will advance its first project portfolio in the country
which is being developed in collaboration with Defic Globe, Scatec’s local
partner. The projects are in Dolj and Olt counties in the southernmost part of
Romania.

Romania has attractive market fundamentals, a clear energy transition agenda,
and established offtake routes through the CfD auctions, corporate PPAs and a
mature electricity market.

“We are very pleased with the award in Romania which demonstrates our ability to
apply our global track record within renewable energy auctions to new markets.
Romania has supportive market fundamentals where Scatec can utilise its
competitive strengths to build a position. We look forward to continued
collaboration with Defic Globe, which already has a strong position in the
Romanian renewables market,” says Scatec CEO Terje Pilskog.

The estimated total capital expenditure (capex) for the solar plant is EUR 140
million, to be financed by non-recourse financing and equity from Scatec and
partners, with a targeted leverage of approximately 75%. Financial close and
construction start for the solar plants is expected in the second half of 2025.

Scatec will have a 65% ownership stake in the solar plants and procure key
components for the project, comprising about 30% of total capex. Our partner
DEFIC Globe Enerji A.?. (Defic Globe), a subsidiary of Emsolt Investments and
YEO Teknoloji Enerji, will have a 35% ownership stake and provide turnkey EPC to
the project. Scatec will further provide Operations & Maintenance (O&M) and
Asset Management (AM) services for the portfolio.

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 5 GW in operation
and under construction across five 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 Defic Globe
Defic Globe is an independent power producer (IPP) and EPC contractor owned by
Yeo Teknoloji A.S. and Emsolt Investments B.V. We are dedicated to driving the
transition to reliable and affordable clean energy under the vision of 'Building
a Greener Tomorrow powered by a passionate team. Defic develops, construct,
invest, and operates renewable energy projects, leveraging
its worldwide extensive expertise in EPC. Defic also develops and invests in
stand-alone and integrated batter energy storage systems under the expertise of
Reap Battery, another group company of Yeo Teknoloji. Defic Globe is
headquartered in Istanbul Turkey. To learn more,
visit https://deficglobe.com/ or connect with us on LinkedIn
(DEFIC Globe | LinkedIn).

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

Kilde

[Bingo123]

Q2 2020
Rundt ATH

Oslo, 17 July 2020: Scatec Solar’s second quarter 2020 proportionate revenues reached NOK 925 million (1,648) with an EBITDA of NOK 417 million (388) and associated EBITDA margin of 45%. Power production reached 406 GWh on proportionate basis, a doubling of electricity production from the same quarter last year.

Q3 2024
Kurs 79…

In the third quarter, Scatec reported proportionate revenues of NOK 2.42 billion (2.37 billion), with an EBITDA of NOK 1.52 billion (0.89 billion).

Scatec’s power plants generated 1,254 GWh in the quarter, up from 1,047 GWh in the same quarter last year on a proportionate basis, mainly driven by new plants in operation. Power production revenues were NOK 1.77 billion (1.04 billion) and EBITDA ended at 1.54 billion (0.81 billion).

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Scatec fourth quarter & full year 2024: Continued profitable growth

Oslo, 31 January 2025: In the fourth quarter, Scatec reported proportionate
revenues of NOK 2.68 billion (1.59 billion), with an EBITDA of NOK 1.38 billion
(0.81 billion).
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For the full year, Scatec reported proportionate revenues of NOK 7.85 billion
(12.37 billion), with an EBITDA of NOK 4.69 billion (3.85 billion).

Scatec’s power plants generated 1,138 GWh in the quarter, up from 811 GWh in the
same quarter last year on a proportionate basis, mainly driven by new plants in
operation. Power production revenues were NOK 1.63 billion (1.04 billion) and
EBITDA ended at 1.35 billion (0.82 billion). The increase was mainly driven by
good performance in the Philippines, new plants in operation and an accounting
gain from the divestment in South Africa.

The Development & Construction (D&C) segment delivered revenues of NOK 1.04
billion (0.53 billion) from construction activities in South Africa, Tunisia,
Botswana and Brazil, with a strong gross margin of 12%.

Net corporate debt was reduced by approximately NOK 1 billion in the quarter
resulting from repayment of USD 72 million drawn under the corporate Revolving
Credit Facility and increase in cash. The cash increase was driven by solid
operational cash flow, proceeds from the farm-down in South Africa and
refinancing of project debt in the Philippines.

Scatec continued to deliver attractive renewables growth in the quarter and
reached important milestones for several development projects. The 142 MW solar
project in Brazil, the additional 60 MW solar project in Botswana, and the 103
MW storage project in South Africa all started construction in the quarter.
Scatec was further awarded a 20-year PPA for a 288 MW solar project in South
Africa during the quarter and signed a 15-year Contract-for-Difference (CfD) in
Romania in January. Scatec now has 0.8 GW under construction and 1.9 GW in
backlog, providing visibility on attractive near-term growth projects which will
to be grid connected over the coming years.

“We have made good progress during the quarter with strong financial performance
across segments, increased construction activities, and reduced our net
corporate debt. We are well positioned for further profitable growth in 2025
based on a growing and maturing backlog and an attractive pipeline. We remain
committed to continue strengthening our financial position by deleveraging on
corporate level with proceeds from strategic divestments,” says CEO Terje
Pilskog.

Scatec has today announced a contemplated issuance of a new expected NOK 1
billion green bond to extend the corporate maturity profile. The proceeds from
the bond will be used to repay the EUR 114 million bond due 19 August 2025,
enhancing financial flexibility.

Fourth quarter consolidated revenues and other income was NOK 1.15 billion (1.62
billion), EBITDA was NOK 0.82 billion (1.35 billion), and the net profit was NOK
-0.1 billion (0.72 billion).

For the full year, consolidated revenues and other income was NOK 6.57 billion
(4.72 billion), EBITDA was NOK 5.42 billion (3.57 billion), and the net profit
was NOK 1.49 billion (1.12 billion).

Outlook

• Full year 2025 proportionate power production of 4.1 - 4.5 TWh
• Full year 2025 proportionate EBITDA estimate of NOK 3,750 - 4,050 million
• D&C gross margins for projects under construction and in backlog is
  estimated at 10-12%

Additional information
Proportionate historical financial information on a country-by-country level is
attached to the stock exchange notice.

A presentation of the results, followed by a Q&A session will be held
at Scatec’s headquarters at Skøyen Atrium III (1(st) floor), Askekroken
11, 0277 Oslo, today at 09:00 am CEST. You can also follow the presentation and
Q&A session from our website, or this direct link:
https://channel.royalcast.com/landingpage/hegnarmedia/20250131_1/

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 in emerging markets. As a long-term player,
we develop, build, own, and operate renewable energy plants, with 5 GW in
operation and under construction across five 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]

Scatec ASA - Fixed income investor meetings

Scatec ASA - Fixed income investor meetings

Oslo, 31 January 2025: Scatec ASA (“Scatec”) has mandated DNB Markets, Nordea
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and SpareBank 1 Markets to arrange a series of fixed income investor meetings
commencing Monday, 3 February 2025. A NOK 1,000 million (expected) senior
unsecured green bond issue with a 4-year maturity may follow, subject to inter
alia market conditions.

The net proceeds of the green bond issue shall be applied towards repayment of
the EUR 114 million (NOK 1.3 billion) bonds outstanding with ticker “SCATC03
ESG” (ISIN NO0010931181) due 19 August 2025. Subject to completion of the
contemplated new green bond issue, Scatec will call the remaining EUR bonds on
or around 19 February 2025, the first call date of the bonds.

For further information, please contact:

Andreas Austrell, VP IR, tel: +47 974 38 686

About Scatec ASA:
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 5 GW in operation
and under construction across five 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]

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Scatec ASA - Successful placement of senior unsecured green bonds

Scatec ASA - Successful placement of senior unsecured green bonds

Oslo, 05 February 2025: Scatec ASA (“Scatec”) has successfully issued a NOK
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1,250 million 4-year senior unsecured green bond with a coupon of 3 months NIBOR

• 3.15% p.a. The bond issue attracted substantial demand and was significantly
  oversubscribed. Net proceeds from the bond and available liquidity will be used
  to repay the EUR 114 million (NOK ~1.3 billion) bonds outstanding with ticker
  “SCATC03 ESG” (ISIN NO0010931181) due 19 August 2025. The bond will extend
  Scatec’s corporate maturity profile and enhance its financial flexibility.
  Scatec remains committed to continue deleveraging on corporate level and use
  75% of divestment proceeds to repay corporate debt.

DNB Markets, Nordea and SpareBank 1 Markets acted as Joint Lead Managers in
connection with the placement of the new bond issue. An application will be made
for the bonds to be listed on Oslo Børs.

For further information, please contact:

Andreas Austrell, VP IR, tel: +47 974 38 686

About Scatec ASA:
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 5 GW in operation
and under construction across five 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
(http://www.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]

Scatec ASA - Buy-back of bonds and exercise of call option

Oslo, 6 February 2025: Reference is made to the stock exchange notice 5 February
2025 regarding Scatec ASA’s issuance of new green bonds.

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In conjunction with the bond issue, Scatec has bought back EUR 9.1 million of
outstanding bonds with ticker “SCATC03 ESG” (ISIN NO0010931181), which will be
cancelled subsequently. Scatec will call the remaining SCATC03 bonds on 20
February 2025. Please see the attached notice from Nordic Trustee AS for further
information about the call option.

DNB Markets, Nordea and SpareBank 1 Markets acted as Joint Lead Managers for the
transaction.

For further information, please contact: Andreas Austrell, VP IR, tel:
+47 974 38 686

About Scatec ASA:
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 5 GW in operation
and under construction across five 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
(http://www.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]

Scatec ASA: New EVP granted share options

Oslo, 10 February 2025: Alberto Gambacorta has begun his role as EVP Sub-Saharan
Africa. In accordance with the terms of the share-based incentive programme for
leading employees, Alberto Gambacorta, has been granted an additional 12,707
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share options. Each share option gives the right to subscribe for and be
allotted one share in Scatec ASA.

Identical to the strike price of the options granted to leading employees in
Scatec’s long term incentive programme in January 2025, the strike price of the
options is set to NOK 78.66 per share. The options will lapse if not exercised
by January 2030. The option grant is divided into three tranches whereby 1/3
vests each year over three years, with the first tranche vesting 1 January 2026.

Attached is the notification of the transaction in accordance with the Market
Abuse Regulation Article 19.

For further information, please contact:

Andreas Austrell, VP Investor Relations tel: +47 974 38 686, email:
andreas.austrell@scatec.com (mailto:andreas.austrell@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 5 GW in
operation and under construction across five 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]

Scatec closes sale of Vietnam wind power plant to SUSI Asia Energy Transition Fund

Oslo, 13 February 2025: Reference is made to the stock exchange notice on 13
September 2024, regarding the sale of Scatec ASA’s 100 percent stake in the 39-
megawatt (MW) Dam Nai wind farm and the associated operating company in Vietnam
…

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to Sustainable Asia Renewable Assets, a utility-scale renewable energy platform
of the SUSI Asia Energy Transition Fund.

The transaction is now completed, and Scatec has received the initial payment of
USD 27 million, with potential for additional earn-out payments of up to USD 13
million that are subject to certain conditions being fulfilled prior to May
2026.

At the Scatec Group level, the transaction generated an accounting gain of
approximately USD 8 million on a proportionate and consolidated basis, including
a fair value estimate of the contingent consideration, which will be recognised
in the first quarter 2025. Following the transaction Scatec will exit all
operations in Vietnam.

For further information, please contact:
For analysts and investors: Andreas Austrell, VP IR, phone:
+47 974 38 656, 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:andreas.austrell@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 5 GW in operation
and under construction across five 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 or connect with us on
LinkedIn.

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

Kilde

[TekBot]

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Kilde

[TekBot]

Scatec ASA: Resignation of board member

Oslo, 17 February 2025: Scatec announces that Morten Henriksen has informed the
company that he resigns from his position as a member of the Board of Directors,
effective 17 February 2025. Scatec appreciates his contributions and wishes him
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well in the future.

For further information, please contact:
Andreas Austrell, VP IR, phone: +47 974 38 686, andreas.austrell@scatec.com
(mailto:andreas.austrell@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 5 GW in operation
and under construction across five 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 or connect with us on
LinkedIn.

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

Kilde

[TekBot]

Scatec JV reaches financial close for 56 MW BESS in the Philippines and prepares for construction start

Oslo, 17 February 2025: Scatec ASA’s joint venture with Aboitiz Power in the
Philippines has reached financial close and prepares for construction start of
the 16 MW Magat (phase 2) and 40 MW Binga battery energy storage systems (BESS).
…

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The battery systems will be connected to the Magat and Binga hydro power plants,
generating revenues from the highly attractive ancillary services reserves
market. The new capacity is building on the success of the existing 24 MW BESS
connected to the Magat power plant, which has been generating solid ancillary
services revenues since start of operation in 2024.

Batteries are optimal for ancillary services due to their fast response time to
tackle fluctuations in grid frequency, flexibility to perform multiple grid
services, and cost competitiveness. Ancillary services will be increasingly
important over time in the Philippines due to higher penetration of renewables
driven by the government’s ambitious renewables targets.

“We are very excited to start construction of the new BESS projects in the
Philippines. With the new batteries we will more than triple our storage
capacity to 80 MW, increasing the value of our hydro power plants and
strengthening our position as a leading provider of ancillary services in the
country. Ancillary services in the Philippines is a highly attractive source of
revenues and we will continue to expand our storage capacity taking an even
larger share of the market over time,” says CEO Terje Pilskog.

The projects are owned by Scatec’s 50/50 joint venture with Aboitiz Power in the
Philippines and will be financed through project debt drawn under the existing
debt facilities related to the Magat and Binga hydro power plants.

For further information, please contact:
For analysts and investors:
Andreas Austrell, VP IR
andreas.austrell@scatec.com
(mailto:andreas.austrell@scatec.com)+47 974 38 686

For media:
Meera Bhatia, SVP External Affairs & Communications
meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)
+47 468 44 959

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 5 GW in operation
and under construction across five continents today. We are committed to growing
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]

Ny rente

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Kilde

[TekBot]

Scatec completes sale of African hydropower assets to TotalEnergies for USD 167 million

Oslo, 28 February 2025: Reference is made to the stock exchange notice on 30
July 2024 regarding the sale of Scatec ASA’s 51 percent stake in the African
hydropower joint venture with Norfund and British International Investment (BII)
…

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in line with the company’s strategy.

The transaction closed today at an agreed sales price of USD 167 million, based
on a valuation date of 31 December 2023. The net proceeds from the transaction
are estimated at USD 161 million, adjusted for cash movements between the
valuation date and the closing date. The proceeds from the transaction will be
used to support Scatec’s self-funded growth plan and for additional debt
repayments at corporate level.

The sales agreement includes 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. As
part of the transaction, the Hydro Africa team will be transferred to
TotalEnergies in an entity incorporated as SN Power AS.

“We are pleased with closing the transaction to sell our stake in the African
hydropower assets to TotalEnergies. The divestment is in line with our strategy
to optimise our portfolio and focus the majority of our investments in our core
markets and on solar, onshore wind and battery energy storage. We are confident
that TotalEnergies will be a strong owner going forward. I would especially like
to thank the hydropower team that now moves to TotalEnergies for their hard work
and dedication over the years,” says Scatec CEO Terje Pilskog.

The transaction has generated a total proportionate accounting effect of
approximately USD 30 million and consolidated accounting effect of approximately
USD 50 million, primarily driven by foreign currency effects, which will be
recognised in the first quarter of 2025.

For further information, please contact:

For analysts and investors:

Andreas Austrell, VP IR
andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)
+47 974 38 686

For media:

Meera Bhatia, SVP External Affairs & Communications
meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)
+47 468 44 959

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 4.8 GW in
operation and under construction across five 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 Brage Krogsrud, IR Analyst at
Scatec ASA, on 28 February 2025 at 13:55 CET

Kilde

[TekBot]

Scatec starts commercial operation of solar power plant in Botswana

Oslo/Cape Town, 12 March 2025: Scatec ASA, a leading renewable energy provider,
has started commercial operation of the first 60 MW of the 120 MW Mmadinare
Solar Cluster in Botswana.
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The power plant is Scatec’s first in Botswana and will generate predictable
revenues from a 25-year power purchase agreement (PPA) with Botswana Power
Corporation, the national utility. The remaining 60 MW of the project is
currently under construction and is expected to be completed in the beginning of
2026. Scatec owns 100% of the project and is aiming to reduce its long-term
economic interest by inviting additional equity partners.

“We are very proud to achieve COD for the first phase of the solar power plant
within budget, reinforcing our commitment to advancing renewable energy in the
region,” says Terje Pilskog, CEO Scatec.

“Moving from development to construction and now to commercial operation has
been highly rewarding. We are now ramping up construction of the second phase
and look forward to its completion in the beginning of next year,” says Alberto
Gambacorta, Scatec’s EVP of Sub-Saharan Africa.

For further information, please contact:
For analysts and investors:
Andreas Austrell, VP IR
andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)
+47 974 38 686

For media:
Meera Bhatia, SVP External Affairs & Communications
meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)
+47 468 44 959

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 4.8 GW in
operation and under construction across five continents today. We are committed
to growing 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
(http://www.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]

Scatec signs PPA with Egypt Aluminium for major solar + BESS project

Oslo/Cairo, 13 March 2025: Scatec ASA, a leading renewable energy solutions
provider, today signed a 25-year USD-denominated corporate Power Purchase
Agreement (PPA) with Egypt Aluminium for a 1.1 GW Solar PV + 100 MW/200MWh BESS
…

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project in Egypt backed by a sovereign guarantee.

Egypt Aluminium is the largest aluminium producer and industrial electricity
consumer in Egypt and exports approximately 60% of its production to Europe.
This solar PV + BESS project will be instrumental for Egypt Aluminium’s ambition
to decarbonise its aluminium production, and to meet EU’s Carbon Border
Adjustment Mechanism (CBAM) requirements which will be introduced in 2026.

The key next steps for the project are to work with the relevant authorities to
allocate land, finalise grid connection and secure financing, and Scatec targets
to reach financial close and start construction within the next 12 months.

“This is another testament to Scatec’s position as one of the leading renewables
companies in Egypt. It is a groundbreaking project as it is the first utility
scale PPA in the country with an industrial offtaker. I would like to thank all
parties involved for making this happen, especially our partners at Egypt
Aluminium. Further, our team has shown great persistence and creativity in
securing this agreement and bringing new solutions to the market,” says Scatec
CEO Terje Pilskog.

The estimated total capital expenditure for the solar PV + BESS project is
approximately USD 650 million which will be funded by approximately 80% non-
recourse project debt, and the remainder by equity from Scatec and partners.
Scatec owns 100% of the project but is targeting to reduce its long-term
economic interest by inviting additional equity partners. Scatec will be the
designated EPC service provider, with an EPC share of approximately 90% of total
capex, as well as asset manager (AM) and operations and maintenance (O&M)
service provider.

For further information, please contact:
For analysts and investors:
Andreas Austrell, VP IR
andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)
+47 974 38 686

For media:
Meera Bhatia, SVP External Affairs & Communications
meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)
+47 468 44 959

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 4.8 GW in
operation and under construction across five 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 or connect with us on
LinkedIn.

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

Kilde

[TekBot]

Scatec signs 25-year PPA in Tunisia for a 120 MW solar plant

Oslo, 24 March 2025: Scatec ASA, a leading renewable energy solutions provider
has signed a 25-year Power Purchase Agreement (PPA) with Tunisian state utility
Société Tunisienne de l’Electricité et du Gaz (STEG) for another 120 MW solar
…

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power plant (Sidi Bouzid II) in Tunisia. The PPA was awarded in December 2024
through a government tender to support Tunisia’s ambitious renewable energy
targets and to enhance the country’s energy security.

Scatec has further signed a Joint Development Agreement, with Aeolus SAS
(Aeolus), part of the Japanese conglomerate Toyota Tsusho Group, for the
project. The agreement enhances the partners’ collaboration in Tunisia, building
on the success of the 60 MW Sidi Bouzid I and 60 MW Tozeur solar projects
currently under construction. Scatec will own 50% of the Sidi Bouzid II project,
while Aeolus will own 50%.

The estimated total capital expenditure (capex) for the project is EUR 87
million and Scatec will be the designated EPC-provider with an EPC share of
approximately 85% of capex. Scatec is currently in dialogue with selected
financial institutions for debt financing of the project and the total financing
structure will be communicated at financial close which is expected in the
second half of 2025.

“This agreement marks a significant milestone for Scatec in Tunisia, reinforcing
our collaboration with Aeolus and our commitment to driving the renewable energy
transition in the region. Tunisia depends significantly on gas imports, making
projects like this essential for diversifying the energy mix and achieving the
country’s ambitious renewable energy goals,” says Terje Pilskog, CEO of Scatec.

Tunisia is committed to reaching 30% renewable energy by 2030 to reduce
emissions, cut costs, and increase energy security. With 97% of electricity
production currently derived from gas, of which approximately half is imported,
Tunisia has an urgent need for additional renewable energy generation. To meet
this demand, the authorities are planning further solar and wind auctions in the
years to come. Scatec will continue to explore Tunisia’s attractive renewables
market through upcoming auctions, leveraging its partnership with Aeolus and the
fully integrated business model.

For further information, please contact:
For analysts and investors:
Andreas Austrell, VP IR
andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)
+47 974 38 686

For media:
Meera Bhatia, SVP External Affairs & Communications
meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)
+47 468 44 959

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 4.8 GW in
operation and under construction across five 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 or connect with us on
LinkedIn.

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

Kilde

[TekBot]

Scatec publishes Annual Integrated Report 2024

Oslo, 01 April 2025: The Board of Directors of Scatec ASA has approved the
annual accounts for 2024, and the 2024 Annual Integrated Report has been
published today.
…

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“2024 has been a year of significant positive development for Scatec. We have
delivered good financial performance across all segments, built an attractive
growth portfolio for the next few years, continued to optimize our portfolio and
deleveraged on corporate level. Renewables have become more competitive during
the year, improving the market potential for Scatec going forward,” says Scatec
CEO, Terje Pilskog.

The 2024 Integrated Annual Report includes the EU Taxonomy disclosure and
Sustainability Statements, prepared in accordance with the EU Corporate
Sustainability Reporting Directive (CSRD) and European Sustainability Reporting
Standards (ESRS).

The Executive Remuneration Report and the Green Finance Report are disclosed
separately. The disclosures are available on Scatec’s website:
Reports & presentations - Scatec

For further information, please contact:
For analysts and investors:
Andreas Austrell, SVP IR
andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)
+47 974 38 686

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 4.8 GW in
operation and under construction across five 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 or connect with us on
LinkedIn.

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

Kilde

[TekBot]

Correction: Scatec publishes Annual Integrated Report 2024

Correction: The name of the ESEF file has been changed to align with the file
name in the auditors report.

…

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Oslo, 01 April 2025: The Board of Directors of Scatec ASA has approved the
annual accounts for 2024, and the 2024 Annual Integrated Report has been
published today.

“2024 has been a year of significant positive development for Scatec. We have
delivered good financial performance across all segments, built an attractive
growth portfolio for the next few years, continued to optimize our portfolio and
deleveraged on corporate level. Renewables have become more competitive during
the year, improving the market potential for Scatec going forward,” says Scatec
CEO, Terje Pilskog.

The 2024 Integrated Annual Report includes the EU Taxonomy disclosure and
Sustainability Statements, prepared in accordance with the EU Corporate
Sustainability Reporting Directive (CSRD) and European Sustainability Reporting
Standards (ESRS).

The Executive Remuneration Report and the Green Finance Report are disclosed
separately. The disclosures are available on Scatec’s website:
Reports & presentations - Scatec

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

Kilde

[cyrve]

Noen høydepunkter fra rapporten:

• Financial Performance : Proportionate revenues reached NOK 7.9 billion and EBITDA increased to NOK 4.7 billion, reflecting strong operational growth with a nearly 30% rise in power production segment earnings.
• Growth Portfolio : Scatec has a pipeline of 2.7 GW projects, a 64% capacity increase expected by 2025, emphasizing solar and battery storage.
• Sustainability Commitment : Scatec ranked 2nd in Norway for sustainability; 94% of revenues aligned with EU Taxonomy requirements. Aiming for net-zero emissions by 2040.
• Strategic Initiatives : Focus on profitable growth through divestments, enhancing financial flexibility, and strengthening partnerships in core markets like South Africa and Egypt.

FinDL | Summary