Fourth quarter results - ramping up construction while capturing new opportunities

Oslo, January 26, 2018: Scatec Solar's fourth quarter consolidated revenues
reached NOK 281 million (363), and EBITDA reached NOK 207 million (294). Power
production reached 167 GWh. Power production, revenues and EBITDA were broadly
in line with the same period last year (excluding divestments).

Construction is under way in Malaysia, Brazil and Honduras and NOK 200 million
of construction revenues were recognized in the fourth quarter.

For the full year 2017, Scatec Solar's proportionate share of revenues reached
NOK 1.7 billion, up from NOK 1.2 billion in 2016. Proportionate EBITDA reached
NOK 792 million, up from 376 million in 2016. Cash flow to Scatec Solar's equity
across all business segments reached NOK 265 million in 2017, compared to NOK
104 million in 2016.

In October 2017, financial close was reached for 400 MW in Egypt. A consortium
of international Development Finance Institutions is providing financing of USD
335 million. Construction start is expected in the first half of 2018.

In November 2017, the company successfully completed issuance of a NOK 750
million corporate green bond, with significantly reduced interest rate, to
refinance the bond maturing in 2018.

In December 2017, a 40 MW project in Malaysia was secured and added directly to
the project backlog. Work has started to secure project finance from commercial
banks in Malaysia and capex is estimated to USD 50 million.

 "We have closed financing for 800 MW of new solar plants in 2017 and this will
expand the plants we have in operation significantly when completed. We continue
to develop project opportunities globally through strong partnerships", says
Scatec Solar's CEO, Raymond Carlsen.

The Board of Directors propose 2017 dividends of NOK 0.78 per share - up 10
percent from 2016 to be approved by the Annual General Meeting to be held on
April 23, 2018.

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 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 1000 MW.

The company is producing electricity from 322 MW of solar power plants in the
Czech Republic, South Africa, Rwanda, Honduras and Jordan and another 394 MW are
under construction.

With an established global presence, the company is growing briskly with a
project backlog and pipeline of 1.5 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