Scatec Solar, the global turn-key supplier of commercial solar PV (photo voltaic) solutions, today announced that is has completed a share capital increase among existing shareholders. ITOCHU Corporation has contributed the majority of the capital and as a result has increased its ownership in Scatec Solar to 37.5 %.

The Norwegian Prime Minister, Mr. Jens Stoltenberg, today made a visit to Rampura in Uttar Pradesh, the first village to get a Community Solar Power Plant by Scatec Solar. The visit comes as the company, together with Indian and Norwegian governments, is about to launch the scaling-up of the solar energy project for rural electrification in India. Indian and Norwegian governments in partnership with Scatec Solar will jointly finance the expansion from two to 32 villages, impacting approximately 1800 families.