Scatec Solar ASA: Annual accounts and proposed dividend

| Source: Scatec Solar

Oslo, March 20, 2017: The Board of Directors of Scatec Solar ASA ('SSO') has resolved the annual accounts and annual report for the financial year 2016. The annual accounts were resolved without changes from the preliminary results published on January 27, 2017.

The Board of Directors of Scatec Solar ASA ('SSO') has furthermore resolved to propose to the annual general meeting a dividend of NOK 0.71 per share (based on 93,816,230 shares outstanding).

The annual general meeting will be held April 24, 2017. The company's shares are traded on the Oslo Stock Exchange.

For further information, please contact:
Mr. Mikkel Tørud, CFO, tel: +47 976 99 144,

About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable source of clean energy worldwide. A long term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants, and already has an installation track record of close to 600 MW. Currently, the company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan. With an established global presence, the company is growing briskly with a project backlog and pipeline of more than 1.8 GW under development in the Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in Oslo, Norway.

For more information on Scatec Solar, please visit our home page

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