About

Snorre Valdimarsson created the legal department at Scatec Solar from scratch, however he was the only in-house lawyer for the first few years. Since then ‘the idea has been to create a dynamic group that are experts within the legal fields in which the Scatec Solar group has ventures’. The Scatec Solar group develop, structure debt finance, fund, construct and own and operate plants generating solar power. ‘We are an independent power producer that also creates value by developing and constructing the power plants’. An example of the international role that the legal team plays can be seen in a project in South Africa; Valdimarsson had a pivotal role in structuring and developing all agreements related to construction, operating, developing and selling of power for the largest solar power plant in South Africa, with a total capital expenditure of EUR 180 million. Additionally, he structured the deal for one of the largest solar power plants in the US with tax equity funding, with Prudential and Google as lender and tax investor. When working with external counsel, Valdimarsson looks for a firm that can provide practical solutions rather than simply presenting him with problems. He appreciates the direct approach and confidence of firms, instead of being given numerous possibilities or scenarios.