Scatec awarded 288 MW Solar PV in government tender in South Africa

23 Dec 2024 13:46 CET

Oslo, 23 December 2024: Scatec ASA, a leading renewable energy company, has been
awarded preferred bidder status for a 288 MW solar project in the seventh round
of the Department of Mineral Resources and Energy Renewable Energy Independent
Power Producer Procurement Programme (REIPPPP). The projects will deliver much
needed energy under a 20-year PPA once fully operational.

According to the Department of Mineral Resources and Energy, commercial close
for the REIPPPP Bid Window 7 is expected in the second half of 2025.

"This marks another significant achievement for Scatec in South Africa and for
the renewable energy transition in the country. Today's award reaffirms our
standing as a leading renewable energy player in South Africa. We applaud the
South African government's commitment and dedication to the renewable energy
procurement programmes," says Scatec CEO Terje Pilskog.

Scatec will own 50.9% of the equity in the projects and will provide
engineering, procurement, and construction (EPC) services, as well as operations
& maintenance (O&M), and asset management (AM) services to the projects.

For further information, please contact:
For analysts and investors: Andreas Austrell, VP Investor Relations, phone:
+47 974 38 686, andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)

For media: Meera Bhatia, SVP Communications & Government Affairs, phone:
+47 468 44 959, meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own, and operate renewable energy plants, with 5 GW in operation
and under construction across four continents today. We are committed to grow
our renewable energy capacity, delivered by our passionate employees and
partners who are driven by a common vision of 'Improving our Future'. Scatec is
headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the
ticker symbol 'SCATC'.?To learn more, visit?www.scatec.com
(https://scatec.com/)?or connect with us on?LinkedIn
(https://www.linkedin.com/company/scatec).?


This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

More information:
Access the news on Oslo Bors NewsWeb site