Scatec ASA

??? Scatec ranked on TIME magazine’s World’s Top GreenTech Companies 2025! We are proud to be recognised as a global leader in green technology, ranking #130 globally and topping the list among Norwegian companies. This ranking highlights our ongoing commitment to delivering clean energy and sustainable solutions. About the ranking: The World’s Top GreenTech Companies 2025 is a comprehensive analysis by TIME and Statista, evaluating companies worldwide based on three key pillars: ? Positive Environmental Impact – Measured through the quality and effectiveness of a company’s green technologies, including factors like renewable energy production and carbon reduction. ? Financial Strength – Analysed using revenue, employee, and funding data sourced from public records and company reports. ? Innovation Drive – Assessed through the quality and value of a company’s intellectual property portfolio, using advanced patent analysis. Each company’s performance across these dimensions was combined into a final score, with the top 250 companies worldwide making the list. This recognition follows Scatec’s inclusion last year on TIME magazine’s World’s 500 Most Sustainable Companies, where we were ranked #99 globally and the 2nd most sustainable company in Norway. We’re incredibly proud of our team and partners who make this possible every day. As we continue to scale renewable energy across our markets, this achievement reinforces our mission to drive the green transition and create a sustainable future for all. Thank you to everyone who contributes to this important work—this is just the beginning! ?? #Scatec #GreenTech #Sustainability #Innovation #TIME2025 #RenewableEnergy #ImprovingourFuture https://lnkd.in/gTQrm6jr

Scatec signs 25-year PPA in Tunisia for a 120 MW solar plant ???? ?? We have signed a 25-year Power Purchase Agreement (PPA) with Tunisian state utility Société Tunisienne de l’Electricité et du Gaz (STEG) for another 120 MW solar power plant (Sidi Bouzid II) in Tunisia. The PPA was awarded in December 2024 through a government tender to support Tunisia’s ambitious renewable energy targets and to enhance the country’s energy security. Scatec has further signed a Joint Development Agreement, with AEOLUS SAS (Aeolus), part of the Japanese conglomerate Toyota Tsusho Group, for the project. The agreement enhances the partners’ collaboration in Tunisia, building on the success of the 60 MW Sidi Bouzid I and 60 MW Tozeur solar projects currently under construction. Scatec will own 50% of the Sidi Bouzid II project, while Aeolus will own 50%. ???? ???? “This agreement marks a significant milestone for Scatec in Tunisia, reinforcing our collaboration with Aeolus and our commitment to driving the renewable energy transition in the region. Tunisia depends significantly on gas imports, making projects like this essential for diversifying the energy mix and achieving the country’s ambitious renewable energy goals,” says Terje Pilskog, CEO of Scatec. Congrats and a BIG thank you to everyone involved! https://lnkd.in/djwyhTzf

Our Chief Digital Officer Kine Johanne ?rdal joined an insightful panel discussion at the Future of Utilities conference in Amsterdam on the #EnergyTransition25 main stage! ? Energy’s digital transformation: the roadmap to success Key topics: ??? Defining the digitalisation blueprint: what are the key success factors?? ??? How can companies overcome the challenge of upgrading legacy systems?? ??? The evolving customer-supplier relationship: how will digitalisation change the market?? ??? Defining data goals: where can data make the biggest difference across the energy system? ??? Are current regulatory frameworks fit for the digital world? What must change ??? Towards a fully digitalised & decarbonised energy system: what is Europe’s next major milestone? Kine was joined by ?? Vincent Tuk, Chief Data Officer, Eneco ?? Jean-Thomas Meyer, Director of Engineering Digitalisation, ?rsted ?? Emiel Bodewes, Director, Corporate Strategy, Alliander ?? Dr. Giovanni Bechini, Director—Edge Solutions & Analytics, Siemens Energy Kine’s main points: ?? Key Success Factors for Digitalisation at Scatec In a fast-moving tech landscape, balancing innovation with operational delivery is like making changes mid-flight. At Scatec, we align digital initiatives with strategic goals—enhancing efficiency, reducing costs and risks, and enabling growth. ?? Our focus: ? Digitalised processes for smarter operations ? Business ownership to drive adoption and value ? Proactive, data-driven ecosystems for real-time insights Unified data standards, strong security , and governance are essential to building trust and ensuring long-term success. #DigitalTransformation #Innovation #Scatec

This week, we had the pleasure of hosting Larissa Slottet from Culturas for one of our?Learn@Lunch sessions.?? Yes, we regularly bring our changemakers from around the globe together for short, meaningful digital conversations on relevant topics, whether technical or inspirational. And this session was truly inspiring!???? Larissa engaged with over 120 employees, highlighting the power of balancing both?feminine and masculine negotiation skills. We learned that mastering communication requires finding equilibrium between the?logical and intuitive sides of our brain.?? This initiative is part of our?month-long campaign, Powering Women: Contributing to the Future of Energy,?in celebration of?International Women’s Day?and our commitment to empowering more inclusive leadership in the energy sector. #poweringwomen #changemakers Raquel Araujo, Msc Trude Helén Shelby

Scatec signs PPA with Egypt Aluminium for major ?? solar + ??BESS project Scatec today signed a 25-year USD-denominated corporate Power Purchase Agreement (PPA) with Egypt Aluminium for a 1.1 GW Solar PV + 100 MW/200MWh BESS (battery energy storage system) project in Egypt backed by a sovereign guarantee. ???? Egypt Aluminium is the largest aluminium producer and industrial electricity consumer in Egypt and exports approximately 60% of its production to Europe. This solar PV + BESS project will be instrumental for Egypt Aluminium’s ambition to decarbonise its aluminium production, and to meet EU’s Carbon Border Adjustment Mechanism (CBAM) requirements which will be introduced in 2026. The key next steps for the project are to work with the relevant authorities to allocate land, finalise grid connection and secure financing, and Scatec targets to reach financial close and start construction within the next 12 months. “This is another testament to Scatec’s position as one of the leading renewables companies in Egypt. It is a groundbreaking project as it is the first utility scale PPA in the country with an industrial offtaker. I would like to thank all parties involved for making this happen, especially our partners at Egypt Aluminium. Further, our team has shown great persistence and creativity in securing this agreement and bringing new solutions to the market,” says Scatec CEO Terje Pilskog. https://lnkd.in/daFfwMEG

Scatec has started commercial operation of the first 60 MW of the 120 MW Mmadinare Solar Cluster in Botswana. ???? Congrats to all partners, stakeholders and the Scatec team of changemakers. The power plant is Scatec’s first in Botswana and will generate predictable revenues from a 25-year power purchase agreement (PPA) with Botswana Power Corporation, the national utility. The remaining 60 MW of the project is currently under construction and is expected to be completed in the beginning of 2026. Scatec owns 100% of the project and is aiming to reduce its long-term economic interest by inviting additional equity partners. ?? “We are very proud to achieve COD for the first phase of the solar power plant within budget, reinforcing our commitment to advancing renewable energy in the region,”?says Terje Pilskog, CEO Scatec. “Moving from development to construction and now to commercial operation has been highly rewarding. We are now ramping up construction of the second phase and look forward to its completion in the beginning of next year,“ says Alberto Gambacorta, Scatec’s EVP of Sub-Saharan Africa. Read more here: https://lnkd.in/dsE-a62Z

Navigating growth, markets, and the energy transition at DNB Markets’ Energy & Shipping Conference ? Our CFO Hans Jakob Hegge, had the pleasure of representing Scatec in a panel debate at the DNB Markets energy & shipping conference alongside Anders Smedbold (Statkraft), Anders Lenborg (Cloudberry), and Emil Brustad-Nilsen (Hydro REIN). We had a great discussion on the opportunities and challenges in renewable energy, including: ?Profitable growth: Our focus remains on Egypt, the Philippines, Brazil, and South Africa, where strong fundamentals and demand make renewables the most competitive energy source. ?Market & supply chain trends: Solar and battery prices have dropped by ~60% from peak levels, driven by capacity expansion and efficiency gains, with prices expected to stabilise at a low level. ?Regulatory risks & opportunities: We have 15 years of experience in navigating regulatory environments. ?Asset rotation & investment appetite: We continue to see strong investor interest in our assets and expect to close 1-2 transactions per year at attractive prices. ?? Why this matters: With a clear growth strategy, competitive positioning, and strong demand for renewable energy, Scatec remains well-positioned to create long-term value. Our integrated business model enhances project economics, and we continue to deliver profitable, sustainable, and affordable energy in high-growth markets. Thank you to DNB Markets and Helene Kvilhaug Br?ndbo for hosting the conference and panel, and to everyone who contributed to an insightful discussion! Photo credit: Haugen Media, Emma Lisa Haugen. Brage Krogsrud Andreas Austrell

At Scatec, diversity and inclusion are not just ideals—they are essential drivers of innovation, sustainability, and long-term impact. A diverse workforce leads to better decision-making, stronger collaboration, and more resilient solutions for the future.?? With 33% women in our workforce and leadership, we are proud to be above the industry average (as highlighted in International Renewable Energy Agency (IRENA)'s recent report). However, we know that true progress requires continuous action.?? As our CEO, Terje Pilskog, states: "At a time when many organisations are re-evaluating their approach to Diversity, Equity, Inclusion and Belonging (DEIB), I want to reaffirm Scatec’s unwavering commitment to these principles. Working Together, Predictability, and Driving Results are at the core of everything we do, and fostering a diverse and inclusive workplace is essential to living these values. Now more than ever, we need to embrace our value of being a Changemaker and reiterate that a diverse workforce is the cornerstone of innovation and sustainability."?? As we celebrated International Women’s Day this past weekend, we reaffirm our commitment to fostering an inclusive workplace where everyone has the opportunity to grow and succeed. By working together, we can create meaningful change in our industry and beyond. ? #DEIB #InternationalWomensDay?#Changemakers

Closing the Week with Insight ??? We’re wrapping up the week with a special podcast featuring our CEO Terje Pilskog! Tune in for 50 minutes of engaging discussion on renewable energy, strategy, and our ambitions for the future. Thank you Christer Teigen for having us on Finansavisen's Aksjepodden. Grab a cup of tea or coffee, sit back, and enjoy the conversation (Norwegian). ???#Podcast #RenewableEnergy #Leadership #Strategy https://lnkd.in/dxyGk9E9?

This week, we had an inspiring and insightful session between our CEO, Terje Pilskog, and the latest cohort of Sub-Saharan Africa graduates, interns, and electrical assistants. The energy in the room was palpable as our CEO shared valuable insights on leadership and the future of our industry.?? Our young leaders had the opportunity to ask questions, share their ideas, and gain a deeper understanding of our company's vision, culture, and goals. This session highlighted Scatec's commitment to developing youth through our Young Talent Programme, providing a fantastic platform for open dialogue and mutual learning.?? Our CEO stressed how energy is at the centre of industrialisation and economic growth - and our young talent will play a crucial role in driving this forward.?? A big thank you to the team, for taking the time to engage with our future leaders. Together, we are shaping a brighter future! #Changemakers #Improvingourfuture