Solar Day 2017 Executive Vice President Solutions Pl Helsing March - PowerPoint PPT Presentation

Solar Day 2017 Executive Vice President Solutions Pål Helsing March 21 st , 2017 Our values Predictable Driving results Changemakers Working together

SSO: An independent solar power producer Scatec Solar is an independent solar power producer based in Norway Key facts - Scatec Solar ASA • SSO develops, builds, owns and operates large scale solar power plants Established 2007 Headquarter Oslo • Assets in South Africa, Czech Republic, Rwanda, Honduras and Jordan Employees 152 Experienced management team with demonstrated execution capabilities • Market cap NOK 3.6 bn Plants in operation 322 MW Experienced and fast-growing • 322 MW of solar power plants in operation • 600 MW project track record Integrated across the downstream value chain Generating margins through all project stages while establishing premium assets • with strong and predictable long-term cash flows • Focus on asset management with the goal of maximizing long term values Strong backlog and pipeline Project backlog of 731 MW • • Project pipeline and opportunities of ~3.6 GW 2

Our focus: Large scale PV and 20+ year cash flows Dreunberg, RSA, 75 MW Kalkbult, RSA, 75 MW Agua Fria, Honduras, 60 MW Linde, RSA, 40 MW 3

Impressive cost reductions and growth in demand Total system cost (USD / Watt) * Annual installed volume - GW Rest of world China Japan Other Balance of plant Module India USA Europe Installation Inverter -70% 3.24 83.5 68.6 1.80 45.0 1.49 30.7 1.13 0.98 18.3 2010 2012 2014 2016 2018 2010 2012 2014 2016 2018 * Utility Scale. System cost will vary from market to market depending on system size, market maturity, bankability etc. Source: Bloomberg New Energy Finance, Q4 2016 PV Market Outlook 4

Solar PV is very competitive – driving demand growth LCOE is a primary metric to determine cost of energy Cost of alternative energy sources – (LCOE) USD /MWh 0,26 0,24 19 - 26 0,22 17 - 22 0,20 0,18 0,16 0,14 0,12 0,10 6 - 14 0,08 5 - 10 0,06 5 - 7 0,04 0,02 0,00 Solar PV Gas Base Coal Gas Peak Diesel 1 load Load Source: Lazard Capital, LCOE v 10.0, Scatec Solar 5

Integrated Independent Power Producer Scatec Solar develops, builds, owns & operates solar plants for 20 years Power Production Origination Development Structuring Delivery O&M • Opportunity • Pipeline • Backlog • Construction • Operation • Analysis & • Site control • Equity, debt • Procurement • Operation & structuring Maintenance Intelligence • PPA and support • Construction agreements • Engineering Management • Asset • Business management opportunity • Business case • Partnerships • Regulatory • Commercial approvals/permits viability 6

More than just panels: A 50 MW plant example More than 200 000 Utility 7

The Scatec Solar business process and value chain Scatec Solar Development & Construction Operation & Maintenance Power Production Products and Project development Financing Project Delivery Operations IPP technologies • Completive • Site • Engineering • Project • Maximize • Power landscape and development management performance Production • Component costs reduced and availability • System design tendering • Detailed design • Asset at high pace • Maintenance management • Business case • Debt / Equity • Procurement • New and repair structuring • Financial and • Permitting • Supplier and opportunities operational • Due Diligence construction arise due to • Grid connection optimization monitoring rapidly changing • PPA negotiation markets • Quality / tender / FiT assurance • Focus on value secured creation • Funding and relevant for cash flow LCOE management

SSO supports an active and close cooperation w/ Governmental and Private sector Energi 21 – nasjonal strategi for forskning, utvikling, demonstrasjon og kommersialisering av ny energi-teknologi.

SSO supports an active and close cooperation w/ Governmental and Private sector Energi 21 – nasjonal strategi for forskning, utvikling, demonstrasjon og kommersialisering av ny energi-teknologi. Energi 21 skal gi strategiske råd til OED og følgelig retningsgivende for NFR og ENERGIX

Scatec Solar – key areas of interest Soiling and panel cleaning Business models to meet future Storage of energy technologies energy market Power class/efficiency, cost and SCADA and Production optimisation reduced losses over time systems

Thank you Our values Predictable Driving results Change makers Working together