Regulatory

Scatec Solar ASA – Participation of primary insiders in private placement

Oslo,  21 October  2020: Reference  is  made  to the stock exchange announcement
published by Scatec Solar ASA ("SSO" or the "Company", ticker code "SSO") on 20
October 2020 regarding a private placement of the Company's shares (the "Private
Placement").

Argentos  AS, a company owned  100% by Raymond Carlsen, CEO  of the Company, was
allocated 86,956 shares. Total holding for Raymond Carlsen (directly and through
Argentos  AS)  after  the  transaction  is  3,105,290 shares  and  108,637 share
options.

Jan  Skogseth, Board  Member in  the Company,  was allocated 1,000 shares. Total
holding after the transaction is 23,000 shares and 0 share options.

For further information, please contact:
Ingrid Aarsnes, VP Communication & IR
Tel:                              +47 950 38 364, ingrid.aarsnes@scatecsolar.com
(mailto:ingrid.aarsnes@scatecsolar.com)

About Scatec Solar
Scatec  Solar is an integrated  independent renewable power producer, delivering
affordable,  rapidly deployable and sustainable  clean energy worldwide. A long-
term  player, Scatec Solar develops, builds,  owns, operates and maintains solar
plants and has an installation track record of more than 1.6 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 4.5 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 (http://www.scatecsolar.com/).

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