Scatec Solar and Norfund's second solar plant in Honduras in commercial operation

Oslo, October 1, 2018: Scatec Solar and Norfund's 35 MW Los Prados solar power plant in Honduras is now grid connected and has reached commercial operation (COD).

"We are very pleased to have completed the Los Prados solar plant in close cooperation with our partners and the Honduran authorities. With this milestone our asset portfolio in Honduras reaches 95 MW, confirming our track record in the Latin American solar market", says Raymond Carlsen, CEO of Scatec Solar.

"Increased access to renewable energy is crucial for economic development, poverty reduction and addressing climate change. Investing in clean energy is a priority for Norfund and we are pleased to expand our partnership with Scatec Solar with this second solar power plant in Honduras" says Mark Davis, EVP Clean Energy in Norfund.

The Los Prados project holds a 20-year power purchase agreement (PPA) with the state-owned utility Empresa Nacional de Energía Eléctrica (ENEE). The plant is expected to provide about 73,000 kWh of electricity per year, providing energy for more than 16,300 households. The clean energy produced by the Los Prados plant will contribute to a CO2 reduction of almost 40,000 tons per annum.

The solar power plant is owned 70 percent by Scatec Solar and 30 percent by KLP Norfund Invest.

About Scatec Solar

Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of 1,000 MW. The company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and has 1,092 MW under construction.

With an established global presence and a significant project pipeline, the company is targeting a capacity of 3.5 GW in operation and under construction by end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'. To learn more, visit www.scatecsolar.com.

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