Scatec reaches financial close and starts construction of 190 MW solar in Romania

12 Feb 2026 16:35 CET

Oslo, 12 February 2026: Scatec ASA, a leading renewable energy solutions
provider, has reached financial close for its 190 MW solar portfolio "Dobrun &
Sadova" in Romania, and will now start construction. The projects are
supported by a 15-year Contract-for-Difference (CfD) with Opcom, the Romanian
electricity market operator, covering approximately 70% of the estimated
production. The remaining production will be sold in the Romanian wholesale
electricity market.

"Reaching financial close and starting construction of our first projects in
Romania is an important step and confirms the attractiveness of the Romanian
market and the strength of the CfD framework. With long-term revenue
visibility and a robust financing structure in place, the projects are well
positioned for construction and delivery. We look forward to advancing the
projects together with our partner Defic Globe and contributing to Romania's
energy transition," says Terje Pilskog, CEO of Scatec.

The CfD contracts were awarded through Romania's first CfD auction, funded by
the EU Modernisation Fund, which supports selected EU member states in
achieving their energy transition targets. The portfolio represents Scatec's
first projects in Romania and is in Dolj and Olt counties in southern Romania.
The total capital expenditure (capex) for the portfolio is approximately EUR
121 million and will be financed through a combination of non-recourse project
debt and equity, with a leverage of approximately 70%. The senior lenders for
the project are European Investment Bank (EIB), European Bank for
Reconstruction and Development (EBRD) and Banca Comercial Român (BCR).

Scatec will own 65% of the equity in the projects, while Defic Globe will hold
the remaining 35%. Defic Globe will deliver turnkey Engineering, Procurement
and Construction (EPC) services, while Scatec will procure key components
corresponding to approximately 35% of total capex. Scatec will provide
Operations & Maintenance (O&M) and Asset Management (AM) services for the
portfolio. Commercial operation date is expected in the second half of 2027.

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 has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication,
through the agency of the contact persons set out above, 12.02.2026 16:35 CET.

More information:
Access the news on Oslo Bors NewsWeb site

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