Scatec Solar and partners sign Power Purchase Agreements for 400 MW in Egypt

Oslo, April 18, 2017: Scatec Solar and partners have signed 25-year Power
Purchase Agreements for delivery of electricity from six solar plants totaling
400 MW (DC) with the Government of Egypt. The signing ceremony took place in
Cairo on April 13 in the presence of Egyptian Minister of Electricity and
Renewable Energy Dr. Mohamed Shaker El-Markabi and the Ambassador of Norway Mr.
Sten Arne Rosnes.

All located in Ben Ban area near Aswan in Upper Egypt, the solar plants are
expected to generate about 870 GWh of solar electricity per year. These projects
are part of the 2 GW solar FiT programme launched by the Egyptian Government in
2015. The electricity produced from the 400 MW is expected to replace about
350,000 tons of CO2 emissions per year, supporting Egypt's emission reduction
targets under the Paris Climate Agreement.

'With this programme the Government of Egypt is making important steps towards
accessing clean and low cost electricity to drive development and economic
prosperity. Scatec Solar and partners are making significant investments and
long term commitment to Egypt'' said Raymond Carlsen, CEO of Scatec Solar.

Total investments for the 400 MW of solar plants is estimated to USD 450 million
and the plants are expected to generate annual revenues of about USD 60 million
over the 25-year contract period. Scatec Solar will build, own and operate all
six projects and Scatec Solar's share of equity investments will be in the range
of USD 50-70 million. Scatec Solar is partnering with local developers and with
KLP Norfund Investments for equity investments in the projects and may add
additional partners to an equity consortium before financial close.

European Bank for Reconstruction and Development (EBRD) is leading a consortium
of banks that is expected to support the six projects with a total debt of up to
USD 350 million.

Scatec Solar is a leading developer and owner of large-scale solar plants in
Africa, Europe, Middle East and Americas. With the latest addition, Scatec
Solar's project backlog consists of 1,131 MW.

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 close to
600 MW.

The company is producing electricity from 322 MW of solar power plants in the
Czech Republic, South Africa, Rwanda, Honduras, Jordan and the United States.

With an established global presence, the company is growing briskly with a
project backlog of more than 1.1 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'.