Scatec Solar ASA: First quarter 2015 results - continued strong growth

Oslo, May 6, 2015: Scatec Solar ASA reports continued increase in revenues and
EBITDA in the first quarter 2015.

Scatec Solar reported consolidated revenues of NOK 225 million in the first
quarter up from NOK 196 million in the previous quarter and NOK 57 million in
the same period last year. Consolidated EBITDA reached NOK 178 million, up from
NOK 133 million in the previous quarter and 29 million in the first quarter last
year. Consolidated net profit ended at NOK 47 million of which NOK 19 million
net to Scatec Solar.

Scatec Solar develops, builds, owns and operates solar power plants. Scatec
Solar's proportionate share of cash flow to equity across these business
activities reached NOK 42 million in the first quarter 2015.

In April 2015, the Department of Energy of South Africa awarded Scatec Solar
three solar power plant projects with a combined capacity of 258 MW in the
fourth round of the "Renewable Energy IPP Procurement Programme". The plants
will be located in Upington in the Northern Cape region and construction is
expected to start in early 2017.

Construction of new solar power plants in the USA, Honduras and Jordan is
currently well under way, and with the recent win in South Africa, Scatec Solar
now holds 266 MW in project backlog. The company has furthermore a project
pipeline of 468 MW and additional project opportunities of 1.7 GW under
development in Africa, Middle East, Americas and Asia.

 "We report solid results for the first quarter 2015 with steady increase in
cash generation from our asset portfolio. The project awards in South Africa
confirms our position as the leading solar IPP in Africa and creates a solid
platform for continued growth of our assets across key markets in the years to
come" says CEO Raymond Carlsen in Scatec Solar ASA.

For more details, please see attached the first quarter report and presentation.

A presentation of the results will be held today at 08.00 at Thon Hotel Vika
Atrium, Munkedamsveien 45, 0250 Oslo. The presentation and Q&A session can also
be followed through a live webcast from our website
www.scatecsolar.com/investor.

For further information, please contact:

Mr. Raymond Carlsen, CEO,          tel: +47 454 11 280
raymond.carlsen@scatecsolar.com

Mr. Mikkel Tørud, CFO,                  tel: +47 976 99 144
mikkel.torud@scatecsolar.com

About Scatec Solar

Scatec Solar is an integrated independent power producer, aiming to make solar a
sustainable and affordable source of energy worldwide. Scatec Solar develops,
builds, owns and operates solar power plants and delivers power from 219 MW in
the Czech Republic, South Africa and Rwanda. The company is in strong growth and
has 207 MW under construction in the US, Honduras and Jordan as well as a solid
pipeline of projects under development in Africa, Middle East, Americas and
Asia.

For more on Scatec Solar, please visit www.scatecsolar.com.





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