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Scatec Solar acquires Signo Solar

Scatec Solar, a turn-key supplier of solar photovoltaic (PV) solutions, has acquired the remaining 33.3% of the Czech solar PV company Signo Solar S.R.O, making it a fully owned subsidiary.

The subsidiary is being renamed as Scatec Solar S.R.O

“Scatec Solar envisions the Czech market to be one of the most interesting markets in Europe. We have major projects under development in the Czech Republic, and gaining full control of Signo Solar with its highly experienced team, strong market knowledge, and execution oriented approach will enable us to fully emerge into the Czech marketplace,” says Raymond Carlsen CEO of Scatec Solar based in Oslo, Norway.

“The acquisition will 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.”

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