REG-Scatec Solar ASA: First quarter 2015 results

Oslo, May 6, 2015: Scatec Solar ASA reports continued increase in revenues and EBITDA in the first
quarter 2015.
Scatec Solar reported consolidated revenues of NOK 225 million in the first quarter up from NOK
196 million in the previous quarter and NOK 57 million in the same period last year. Consolidated
EBITDA reached NOK 178 million, up from NOK 133 million in the previous quarter and 29 million
in the first quarter last year. Consolidated net profit ended at NOK 47 million of which NOK 19
million net to Scatec Solar.
Scatec Solar develops, builds, owns and operates solar power plants. Scatec Solar's proportionate
share of cash flow to equity across these business activities reached NOK 42 million in the first
quarter 2015.
In April 2015, the Department of Energy of South Africa awarded Scatec Solar three solar power
plant projects with a combined capacity of 258 MW in the fourth round of the "Renewable Energy
IPP Procurement Programme". The plants will be located in Upington in the Northern Cape region
and construction is expected to start in early 2017.
Construction of new solar power plants in the USA, Honduras and Jordan is currently well under
way, and with the recent win in South Africa, Scatec Solar now holds 266 MW in project backlog.
The company has furthermore a project pipeline of 468 MW and additional project opportunities of
1.7 GW under development in Africa, Middle East, Americas and Asia.
"We report solid results for the first quarter 2015 with steady increase in cash generation from our
asset portfolio. The project awards in South Africa confirms our position as the leading solar IPP in
Africa and creates a solid platform for continued growth of our assets across key markets in the
years to come" says CEO Raymond Carlsen in Scatec Solar ASA.
For more details, please see attached the first quarter report and presentation.
A presentation of the results will be held today at 08.00 at Thon Hotel Vika Atrium, Munkedamsveien
45, 0250 Oslo. The presentation and Q&A session can also be followed through a live webcast from
our website www.scatecsolar.com/investor.
For further information, please contact:

Mr. Raymond Carlsen, CEO,

tel:
+47 454 11 280
raymond.carlsen@scatecsolar.com
Mr. Mikkel Trud, CFO,
+47 976 99 144
mikkel.torud@scatecsolar.com

tel:

About Scatec Solar

Scatec Solar is an integrated independent
power producer, aiming to make solar a
sustainable and affordable source of
energy worldwide. Scatec Solar develops,
builds, owns and operates solar power plants and delivers power from 219 MW in the Czech
Republic, South Africa and Rwanda. The company is in strong growth and has 207 MW under
construction in the US, Honduras and Jordan as well as a solid pipeline of projects under
development in Africa, Middle East, Americas and Asia.

For more on Scatec Solar, please visit www.scatecsolar.com.

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX
Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy
and originality of the information contained therein.
Source: Scatec Solar ASA via Globenewswire
HUG#1918977