Scatec : Q1 factsheet 2023

Sheet3

Scatec factsheets Q1 2023
In operation
Country(1)	Assets	Technology	Economic Interest	Plant capacity (MW)	Annual production P50 (GWh)(2)	Currency	COD	PPA tenor	Tariff inflation adj. (p.a.)	Tax rate	Financial consolidation
Philippines	SNAP Magat & Benguet	Hydro	50%	642	1600(3)	PHP	2007	n.a.(5)	n.a.	10%	Equity cons.
South Africa	Kalkbult, Linde, Dreunberg, Upington	Solar	45%	448	1,030	ZAR	2014/2020	20	18.5% & 100% of SA CPI (6)	27%	Full
Uganda	Bujagali	Hydro	28%	255	1,420	USD	2012	30	No	0%	Equity cons.
Malaysia	Redsol, Malaysia QSP portfolio (3 plants)	Solar	100%	244	350	MYR	2019/2020	21	No	8%	Full
Egypt	BenBan	Solar	51%	380	930	USD/EGP(7)	2019	25	No	23%	Full
Laos	Theun Hinboun	Hydro	20%	525	3,000	USD	2012	20	No	15%	Equity cons.
Ukraine	Chigirin, Kaminaka, Rengy, Boguslav, Progressovka	Solar	89%	336	400	EUR	2019/2020/2021	10	No	18%	Full
Czech Republic	Czech portfolio	Solar	100%	20	20	CZK	2010	20	2.00%	19%	Full
Honduras	Agua Fria, Los Prados	Solar	51%	95	170	USD	2015/2018	20	100% of US CPI	Year 0-10: 0% / Year 10+: 25%	Full
Jordan	Jordan portfolio	Solar	62%	43	100	USD	2016	20	No	10%	Full
Brazil	Apodi	Solar	44%	162	350	BRL	2018	20	100% of BR CPI	12%	Equity cons.
Vietnam	Dam Nai wind	Wind	100%	39	120	USD	2018	20	No	FY'22 - FY'32 10%, thereafter 20%	Full
Argentina	Guañizuil	Solar	50%	117	310	USD	2021	20	No	35%	Equity cons.
Other	Mocuba (Mozambique), ASYV (Rwanda), Release	Solar	68%	69	130	USD	2014/2019/2022	25(8)	2.5% (Rwanda)	20%/15%/30%	Full
Under construction & Backlog
Country	Assets	Technology	Economic Interest	Plant capacity (MW)	Annual production (GWh)(2)	Currency	Est. capex (100 %, million)(9)	PPA tenor	Tariff inflation adj. (p.a)	Tax rate	Est. initial leverage
Under construction
South Africa	RMIPPP	Solar + Storage	51%	540 + 225	900	ZAR	16,400	20	100% of SA CPI	27%	76%
Brazil	Mendubim	Solar	33%	531	1,180	USD	430	20	100% of US CPI	10%	56%
Pakistan	Sukkur	Solar	75%	150	300	USD	110	25	None	0%	70%
Release	Portfolio	Release	100%	26	n.a.	USD	n.a.	n.a.	n.a.	30%	n.a
Philippines	Magat BESS	Storage	50%	20	n.a.	USD	n.a.	n.a.	n.a.	25%	n.a
Backlog
Tunisia	Tunisia	Solar	51%	360	900	EUR	240	20	100% of EU CPI	Year 0-10: 0% / Year 11+: 10%	70%
South Africa	REIPPPP Round 5	Solar	51%	273	700	ZAR	3,300	20	100% of SA CPI	27%	80%
Egypt	100 MW green hydrogen	H2 + solar & wind	52%	100 + 260(10)	n.a.	USD	n.a.	20	n.a.	23%	75%(12)
Botswana	Selebi Phikwe Solar	Solar	100%	60	140	BWP	640	25	60 % of Botswana CPI, 20% of BWP/USD depreciation	22%	70%
Footnotes
1) Scatec's equity investment in South Africa (Kalkbult, Dreunberg, Linde & Upington), Egypt and Uganda are covered by MIGA Political Risk Insurance.
2) Estimated P50 production for 2022 on a 100% basis.
3) P50 estimate is calculated on total potential production and do not take into account any water used for ancillary services.
4) Estimated economic life for solar and wind power plants of 30 years, Philippines: renewal of license required in 2066, Uganda: hydro power facilities transferred to Government in 2042, Laos: hydropower facilities transferred to Government in 2039.
5) Philippines: Power sold under 1-2 year bilateral contracts, in the spot market and as ancillary services.
6) 18.5% CPI adjustment for Linde & Dreunberg, 100% for Kalkbult & Upington.
7) 70% of the tariff is pegged to USD and the remaning 30 % is in EGP.
8) 25 year PPA tenor for Mocuba and ASYV. Release projects have flexible lease contracts.
9) Capex estimates in local currency which may be revised towards financial close. Note that actual capex can be a combination of EUR/USD and local currency.
10) 100 MW electrolyser capacity + 260 MW solar and wind. The project will have a blended external financing of 75% on a non-rcourse basis.