Scatec Solar establishes subsidiary in the US
Photo; www.scatecsolar.no
Scatec Solar, a global turn-key supplier of solar PV (Photo Voltaic) solutions, has established a subsidiary in the US with the objective to become a major provider of commercial PV power plants in North America.
On June 8, Scatec Solar announced that it has signed a power purchase agreement with a large winery in Sonoma California which has agreed to buy all the electricity produced by 500 kW PV rooftop system.
“As the US is rapidly emerging as the world’s largest solar PV market, it has been a priority for Scatec Solar to establish in North America” said Mr. Ravi Khanna, President and CEO of Scatec Solar. We are in the process of building a strong US team, with very strong market knowledge and executional capabilities. “With our ability to leverage on our substantial European PV experience, we see ourselves very well positioned to take substantial market share as the US solar markets takes-off,” Khanna said.
The new emphasis on renewable energy and oil independency in the US will be driving demand for solar energy solutions. And as the PV technology approaches grid parity in many markets, and grants schemes and tax incentives take effect, the demand will grow even stronger. Scatec Solar North America will be located in Mountain View, Ca, however the company’s objective is to build projects in multiple states. It is also working very closely with different state governments to assist in quick roll-out and implementation of solar projects.
About Scatec Solar
Scatec Solar is a global turn-key supplier of solar PV solutions, with headquarters in Oslo, Norway. It was established in 2007 by Dr. Alf Bjorseth, the founder of, among several other renewable energy initiatives, Renewable Energy Corporation, one of the world’s largest integrated solar energy enterprises. In addition to having developed more than 25 MW of grid-connected solar parks in Europe, Scatec Solar is engaging in rural electrification in emerging markets, emphasized by the inauguration in January of two Community Solar Power Plants (CSPPs) in two villages in Uttar Pradesh, India, providing renewable electricity to a total of 150 households as well as to local micro-industry.
Source: www.scatecsolar.com
