Scatec awarded 25-year PPA for 120 MW solar power plant in Tunisia

23 Jan 2026 15:40 CET

Oslo/Tunis, 23 January 2026: Scatec ASA, a leading renewable energy solutions
provider has been awarded a 25-year Power Purchase Agreement (PPA) with
Tunisian state utility Société Tunisienne de l'Electricité et du Gaz (STEG)
for a 120 MW solar power plant (Tataouine) in Tunisia. The PPA was awarded in
a government tender to support Tunisia's ambitious renewable energy targets
and enhancing the country's energy security.

"Tataouine strengthens our platform in Tunisia and reflects our ability to
scale through repeatable, high-quality opportunities in our growth markets.
With long-term contracted revenues and a capital-efficient development model,
this project supports our strategy for profitable, self-funded growth," says
Terje Pilskog, CEO of Scatec.

The total capital expenditure (capex) for the project is estimated at EUR 80
million and will be financed by a combination of non-recourse debt and equity.
Scatec currently owns 100% of the project and will invite equity partners to
reduce its ownership stake. Scatec is further in dialogue with selected
financial institutions for debt financing of the project. The total financing
structure will be communicated at financial close which is expected in the
first half of 2027.

Scatec will be the designated Engineering, Procurement and Construction (EPC)
provider with an EPC scope of approximately 80% of capex, and will provide
Asset Management (AM), and Operations & Maintenance (O&M) services once the
plant is operational.

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

For media:
Meera Bhatia, SVP External Affairs & Communications
meera.bhatia@scatec.com
+47 468 44 959

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access
to reliable and affordable clean energy in emerging markets. As a long-term
player, we develop, build, own, and operate renewable energy plants, with 6.2
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 disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-01-23 15:40 CET.

More information:
Access the news on Oslo Bors NewsWeb site

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