Scatec awarded 25-year PPA for 75 MW onshore wind farm 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 75 MW wind power plant (El Fahs) 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. The
project will be developed in partnership with Aeolus SAS (Aeolus), part of the
Japanese conglomerate Toyota Tsusho Group. El Fahs is Scatec's first wind
project in Tunisia and has a prime location with strong wind resources,
supported by long-term high-quality wind data. The wind project is in line
with Scatec's strategy to build an onshore wind portfolio over time.

"The El Fahs wind project is a strategic milestone as we expand our presence
in Tunisia and partnership with Aeolus, while broadening our technology
footprint. With a strong partner, high-quality wind resources, and long-term
contracted revenues, this project reinforces our ability to grow profitably in
attractive markets like Tunisia," says Terje Pilskog, CEO of Scatec.

The total capital expenditure (capex) for the project is estimated at EUR 100
million and will be financed by a combination of non-recourse debt and equity,
with Scatec owning 50% of the project, and Aeolus the remaining 50%. Scatec is
currently in dialogue with selected financial institutions for debt financing
of the project and the total financing structure will be communicated at
financial close which is expected in first half of 2027.

Scatec will apply its integrated model and further information on Scatec's
scope of Engineering, Procurement and Construction (EPC), Asset Management
(AM), and Operations & Maintenance (O&M) services will be provided at
financial close.

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

664144_Scatec awarded 25-year PPA for 75 MW onshore wind farm in Tunisia.pdf