Scatec starts commercial operation of the 60 MW Sidi Bouzid solar power plant in Tunisia

10 Mar 2026 14:26 CET

Oslo/Tunis, 10 March 2026: Scatec ASA, a leading renewable energy provider,
and Aeolus SAS (Aeolus), part of Toyota Tsusho Group, have reached commercial
operations date (COD) of the 60 MW Sidi Bouzid solar power plant in Tunisia
with retroactive effect from 1January 2026. The project will generate
predictable revenues under a 30-year power purchase agreement (PPA) with
Tunisian state utility Société Tunisienne de l'Electricité et du Gaz (STEG).

The 60 MW Tozeur solar power plant built in parallel is further progressing
towards COD, expected in the first half of 2026. The plants were awarded
through a government tender process, and form part of Tunisia's broader
strategy to decarbonise its power sector and strengthen energy security.

Sidi Bouzid is the first Scatec-developed project to reach commercial
operations in Tunisia, marking a key milestone in the company's expansion in
North Africa.

"With Sidi Bouzid now in operation, we are establishing a strong foothold in
Tunisia's renewable energy market. The project is proof of our ability to
scale in new geographies through competitive tenders, trusted partnerships,
and our integrated business model," says Terje Pilskog, CEO of Scatec.

Sidi Bouzid and Tozeur are together expected to produce approximately 288 GWh
of clean electricity annually, equivalent to an estimated abatement of more
than 115,000 tonnes of CO2 emissions per year. Scatec owns 51% of the
projects, with Aeolus holding the remaining 49%. Scatec will provide
Operations & Maintenance (O&M) and Asset Management (AM) services for the
projects.

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

For media:
Meera Bhatia, SVP External Affairs & Communications
meera.bhatia@scatec.com

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 6.3
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, 10.03.2026 14:26 CET.

More information:
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