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09.12.11

Scatec Solar, the global developer and turn-key supplier of solar PV (photo voltaic) solutions, has been selected as a preferred bidder for a 75 MW project during the first round of the South African Renewable Energy Independent Power Producer Program. A PV plant of this size will be amongst the largest to date in Africa. Construction will commence by July 2012 and the plant will be in commercial operation by August 2013.

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29.11.11

An innovative DP foundation installation vessel has been developed for the offshore wind industry. NorWind Installer contracted the ULSTEIN Dutch design offices Ulstein Sea of Solutions and Ulstein IDEA Equipment Solutions as their design partners for a new foundation installation vessel for the offshore wind industry. The vessel is a customized version of the Deepwater Enabler design from ULSTEIN.

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Scatec Solar acquirers 33.33% of Signo Solar S.R.O. to become a majority stakeholder

Scatec Solar, a global turn-key supplier of solar PV (photo voltaic) solutions, has acquired an additional 33.33% of the equity interest in the Czech Republic Solar PV company Signo Solar S.R.O, and now holds a controlling majority of the shares.

- Scatec Solar envisions the Czech market to be one of the most interesting markets in Europe. To enable us to fully - Scatec Solar envisions the Czech market to be one of the most interesting markets in Europe. To enable us to fully emerge into the Czech market, it has been a priority for our company to acquire the control of Signo Solar with its highly experienced team, strong market knowledge, and execution oriented approach, Mr. Ravi Khanna, President and CEO of Scatec Solar said. The acquisition will, combined with our acquisition of the remaining 50 % of the German PV company, Solarcompetence (and indirectly K&S Solarsysteme), secure our company’s ability to leverage on our substantial European PV experience in order to become a leading provider of commercial PV solutions in the Czech Republic and other European markets, Mr. Khanna said.

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 Community Solar Power Plants (CSPPs) in two villages of Uttar Pradesh, India, providing renewable electricity to a total of 150 households as well as to local micro-industry. Scatec Solar has also recently started its North American operations.

Contact:
Mr. Sven Rost, VP Communications, tel: +47 932 53 196
sven.rost@scatec.no

Mr. Ravi Khanna, President & CEO, tel: +47 911 62 040
ravi.khanna@scatec.no


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