Scatec Solar’s first solar plant in Mozambique in commercial operation

Oslo, 30 July 2019: Scatec Solar and partners have grid connected and started commercial operation for the 40 MW Mocuba solar power plant in Mozambique.

“We are proud to complete the first large scale solar power plant in Mozambique in close cooperation with our partners. The solar plant will be an important contributor to increase the share of renewable power in the country by delivering clean energy to around 175,000 households”, says Raymond Carlsen, CEO of Scatec Solar.

The 40 MW solar plant is located close to the city of Mocuba in the Zambézia Province and will deliver 79 GWh per year of much needed electricity to the northern regions of Mozambique. The clean energy produced by the Mocuba plant will contribute to avoid about 75,000 tonnes of carbon emissions per year.

Equity partners are KLP Norfund Investments (22.5%), EDM -Electricidade de Mozambique (25%), and Scatec Solar (52.5%). The 25-years Power Purchase Agreement was signed in October 2016 with the state-owned utility EDM.

With grid connection of this power plant, Scatec Solar currently has plants with a total capacity of 951 MW in operation and another 953 MW under construction.

For further information, please contact:
Mikkel Tørud, CFO
tel: +47 976 99 144
mikkel.torud@scatecsolar.com

Ingrid Aarsnes, Communication & IR
tel: +47 950 38 364
ingrid.aarsnes@scatecsolar.com

For online use of photos, please make sure you credit – Photo: Scatec Solar.

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 1.9 GW in operation and under construction on four continents.

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