Fourth quarter results - strong growth in project backlog

Oslo, January 27, 2017: Scatec Solar added 309 MW to the project backlog this
quarter with new projects in Malaysia, Brazil and Mozambique. With these
additions the total backlog reached 731 MW.

Consolidated revenues reached NOK 363 million, up from 267 million in the same
period last year and up from NOK 281 million in the previous quarter. EBITDA
reached NOK 294 million, up from NOK 215 million last year and up from NOK 222
million in the previous quarter. The increased revenues quarter on quarter
reflect seasonally higher production in South Africa, partly offset by lower
production in the other markets.

Power production reached 204 GWh in the fourth quarter, up 35% from same quarter
last year with grid connection of new plants in Jordan and USA, and down 8% from
previous quarter due to seasonally lower production in USA and Jordan, partly
offset by seasonally higher production in South Africa.

During the fourth quarter, Scatec Solar closed the sale of the Utah Red Hills
plant with a net gain on consolidated basis of NOK 67 million and cash proceeds
of NOK 230 million.

For the full year 2016 consolidated revenues reached NOK 1,085 million, up from
881 million in 2015 and EBITDA reached NOK 833 million, up from NOK 698 million
last year.

 "2016 has been another good year for Scatec Solar. We have delivered stable
operations, grid connections of new solar plants and further developed our
project pipeline and backlog. We continue to see attractive market opportunities
globally and with a backlog of 731 MW we are looking forward to busy times
ahead", says Scatec Solar's CEO, Raymond Carlsen.

Scatec Solar develops, builds, owns and operates large scale solar power plants.
Scatec Solar's proportionate share of cash flow to equity across these business
activities reached NOK 23 million in the fourth quarter 2016, compared to NOK
29 million in the previous quarter. For the year 2016 Scatec Solar's
proportionate share of cash flow to equity from Power Production and O&M reached
NOK 172 million.

After the sale of the Utah Red Hills plant, Scatec Solar's project portfolio
stands at 322 MW with a project backlog of 731 MW and a project pipeline
comprising projects with a combined capacity of 1,085 MW.

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

A presentation of the results will be held today at 08.00 at Høyres Hus,
Stortingsgata 20, 0161 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 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 600 MW.

The company is producing electricity from 322 MW of solar power plants in the
Czech Republic, South Africa, Rwanda, Honduras and Jordan. With an established
global presence, the company is growing briskly with a project backlog and
pipeline of 1.8 GW under development in the Americas, Africa, Asia and the
Middle East. 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