Scatec Solar Establishes Subsidiary in the US, Signs a 500 kW of Solar PPA in CA

OSLO, June 8 /PRNewswire/ -- 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. 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,
Mr. Ravi Khanna, President and CEO of Scatec Solar, said. 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, Mr. 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, Mr.
Khanna states.


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.