Oslo, 2 June 2019: Scatec Solar and partners have grid connected and reached
commercial operation for another 65 MW of the 400 MW Benban project in Egypt.
Scatec Solar now has 130 MW in operation in Egypt and expects to have completed
the project during second half of 2019.
The Benban solar power plant is Scatec Solar's largest project under
construction and the first solar plant with bi-facial solar panels, capturing
the sun from both sides of the panels to increase the total clean energy
generation.
In April 2017, Scatec Solar with its partners KLP Norfund and Africa 50 signed a
25-year Power Purchase Agreements with the Government of Egypt for delivery of
electricity from six solar plants, equal in size, totaling 400 MW. The estimated
annual 870 GWh of electricity produced from Scatec Solar's plants in Benban will
avoid about 350,000 tons of CO2 emissions per year and provide energy for more
than 420,000 households in Egypt.
For further information, please contact:
Mikkel Tørud, CFO
tel: +47 976 99 144
mikkel.torud@scatecsolar.com
(https://www.globenewswire.com/Tracker?data=Hz4wyjFZinVnLHHRupNTCfuEo38wdw_tEnwO
SB1mo5hybI6Onre9mCdZsrKKhq-
JNNr20wqT2jf4X9deWXXLLE0HU3ehd8FeqmpgLqzf2f8ssw8VJQLleThyXm4oGZrC)
Ingrid Aarsnes, Communication & IR
tel: +47 950 38 364
ingrid.aarsnes@scatecsolar.com (mailto:ingrid.aarsnes@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 more than 1 GW. The company
has a total of 1.7 GW in operation and under construction in 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
(https://www.globenewswire.com/Tracker?data=Uk2VuCfyHqgrGqCJnPxwAXmBP14cdpvSGkj0
DLi5VpG1rA-JL_JIotNZ2f3DwvHVyJi2Oq6KPNUsEaUh-dcCW4IVRvkhgBgL-oYdT8NJjD4=).
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act