Scatec Solar has reached commercial operation for the 65 MW Jasin solar plant

Scatec Solar and partners have grid connected its second solar power plant in Malaysia, the 65 MW (DC) Jasin plant. This plant is the second of three 65 MW solar plants under completion by Scatec Solar in Malaysia.

“We are pleased to have reached commercial operation for the Jasin solar plant, doubling our assets in operation to 130 MW in Malaysia. South East Asia continues to be a key market for us, and we expect that the Government of Malaysia will maintain high ambitions for the deployment of renewable energy in the country”, says Raymond Carlsen, CEO of Scatec Solar.

The plant, located in the south-west of Peninsular Malaysia is expected to provide about 94,000 MWh of electricity per year, providing energy for more than 31,000 households. The clean energy produced by the Jasin plant will contribute to avoid about 70,000 tonnes of carbon emissions per year.

In December 2016, Scatec Solar entered the Malaysian large-scale solar energy market by joining forces with a local ITRAMAS-led consortium that had signed three 21-year Power Purchase Agreements (PPAs) with the country's largest electricity utility, Tenaga Nasional Berhad (TNB). The partnership covers realisation of three solar plants totaling 197 MW with a total investment of about MYR 1,235 million (USD 293 million).

With grid connection of this power plant, Scatec Solar currently has 714 MW in operation and another 941 MW under construction.
 
For further information, please contact:
Mikkel Tørud, CFO
Mobile: +47 976 99 144
mikkel.torud@scatecsolar.com

About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of more than 1 GW. The company has a total of 1.7 GW in operation and under construction in Argentina, Brazil, the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South Africa and Ukraine.

With an established global presence and a significant project pipeline, the company is targeting a capacity of 3.5 GW in operation and under construction by end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SSO’. To learn more, visit www.scatecsolar.com.

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