Scatec Solar ASA: Annual accounts and proposed dividend

Oslo, March 16, 2018: The Board of Directors of Scatec Solar ASA ('SSO') has resolved the annual accounts and annual report for the financial year 2017. The annual accounts were resolved without changes from the preliminary results published on January 26, 2018.

As previously published, the Board of Directors of Scatec Solar ASA ('SSO') has resolved to propose to the annual general meeting a dividend of NOK 0.78 per share (based on 103,412,432 shares outstanding).

The annual general meeting will be held April 23, 2018. The company's shares are traded on the Oslo Stock Exchange.

For further information, please contact:
Mr. Mikkel Tørud, CFO, tel: [phone],  [e-mail]

About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable source of clean energy worldwide. A long term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants, and already has an installation track record of 1,000 MW.

Currently, the company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and another 434 MW are under construction.

With an established global presence, the company is growing briskly with a project backlog and pipeline of more than 1.5 GW under development in the Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in Oslo, Norway

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

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Source: Scatec Solar ASA via Globenewswire