Oslo, 21 December 2018: Scatec Solar and partners have closed financing for the
30 MW Kamianka project in the Cherkassy region in central Ukraine with a total
investment of EUR 35 million.
The European Bank for Reconstruction and Development (EBRD) and FMO, the Dutch
development bank have signed credit agreements for the non-recourse debt
financing of the project. The credit facilities amount to EUR 24.5 million and
covers 70% of the total project costs.
Scatec Solar will be the lead equity investor in the project and is in the
process of securing additional equity partners for the project. The company will
also be the Engineering, Procurement and Construction (EPC) provider and provide
Operation & Maintenance as well as Asset Management services to the power plant.
Construction is starting early 2019 with commercial operation in fourth quarter
2019.
The project will be realised under the country's 10-year Feed-in-Tariff scheme
and are expected to produce about 39 GWh per year. Public land will be leased
for an extended time-period and the solar power plant is expected to deliver
power also beyond the Feed-in-tariff period.
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For further information, please contact:
Mikkel Tørud, CFO tel: +47 976 99 144
mikkel.torud@scatecsolar.com
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3A_TChrQmYIXop_Nwa69HqOX)
Ingrid Aarsnes, Communication & IR tel: +47 950 38 364
ingrid.aarsnes@scatecsolar.com
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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 more than 1 GW. The company
has a total of 1.5 GW in operation and under construction in Argentina, Brazil,
the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South
Africa and Ukraine.
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
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FHXiIS5YRe6yxDUIjFW6i4SSICjgsD8gjme-952ie1rUaBOzNWi9R1PB9czE00nohfzCk8E=).
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act