Oslo, 7 May 2020: Scatec Solar and partners have grid connected and started
commercial operations of the 54 MW Boguslav project in the Kyiv region, Ukraine.
"We are pleased to complete our second project in Ukraine less than ten months
after closing the financing. The Boguslav solar plant will lead to the abatement
of more than 55,000 tonnes of CO(²) emissions and contribute to growing the
share of renewable energy in the country, says Raymond Carlsen, CEO of Scatec
Solar.
The project is realised under Ukraine's Feed-in-Tariff scheme and is expected to
deliver about 61 GWh per year. The Boguslav plant will be providing clean energy
for up to 27,000 households. Public land has been leased for an extended time-
period and the solar power plants are expected to deliver power also beyond the
Feed-in-tariff period.
With this project, Scatec Solar passes the milestone of 1.5 GW in operation
globally. In addition, a portfolio of 399 MW is under construction, of which
235 MW in Ukraine.
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For further information, please contact:
Mikkel Tørud, CFO, tel: +47 976 99 144, ir@scatecsolar.com
(https://www.globenewswire.com/Tracker?data=_ktw5MrbO4W9IlNqiM-dhN-
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Ingrid Aarsnes, VP Communication & IR, tel: +47 950 38 364,
ingrid.aarsnes@scatecsolar.com (https://www.globenewswire.com/Tracker?data=3wM9-
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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 1.6 GW. The
company has a total of 1.9 GW in operation and under construction on four
continents.
With an established global presence and a significant project pipeline, the
company is targeting a capacity of 4.5 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 (http://www.scatecsolar.com).
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act