Scatec closes sale of Vietnam wind power plant to SUSI Asia Energy Transition Fund

13 Feb 2025 10:51 CET

Oslo, 13 February 2025: Reference is made to the stock exchange notice on 13
September 2024, regarding the sale of Scatec ASA's 100 percent stake in the 39-
megawatt (MW) Dam Nai wind farm and the associated operating company in Vietnam
to Sustainable Asia Renewable Assets, a utility-scale renewable energy platform
of the SUSI Asia Energy Transition Fund.

The transaction is now completed, and Scatec has received the initial payment of
USD 27 million, with potential for additional earn-out payments of up to USD 13
million that are subject to certain conditions being fulfilled prior to May
2026.

At the Scatec Group level, the transaction generated an accounting gain of
approximately USD 8 million on a proportionate and consolidated basis, including
a fair value estimate of the contingent consideration, which will be recognised
in the first quarter 2025. Following the transaction Scatec will exit all
operations in Vietnam.

For further information, please contact:
For analysts and investors: Andreas Austrell, VP IR, phone:
+47 974 38 656, andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)

For media: Meera Bhatia, SVP External Affairs & Communications, phone:
+47 468 44 959, meera.bhatia@scatec.com (mailto:andreas.austrell@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 five 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 or connect with us on
LinkedIn.


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

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