About

‘The most important value added is that the team know the business model in depth and can provide fast and commercially sensible advice’, explains executive vice president and general counsel Snorre Valdimarsson. Scatec Solar is an integrated independent solar power producer, which develops, finances, constructs, operates and owns solar power plants globally. The legal team consists of five lawyers, one paralegal, and three additional lawyers working with combined roles within business development. The legal department contains various specialists who are able to operate in multiple fields simultaneously, thus ensuring that no areas go un-serviced. To ensure the safe operations of the company, Scatec Solar’s legal division has enforced and complied with new applicable rules and regulations in addition to revising corporate government structures. The introduction of vice president legal Annette Andreassen as well as senior legal counsel Siobhan Minaar has resulted in a more in-depth and robust approach to project finance and M&A. The legal function additionally adopted a leading role in relation to the restructuring of the anti-corruption compliance program; all group compliance related work currently resides with the general counsel. The team recently adapted the legal structures and market standards in order to cater to the business needs of the organisation, they additionally applied these structures in several other jurisdictions as well as combining soft funds, development finance institution (DFI) funding, project finance, carbon credits and tax equity structures. Scatec Solar has recently undertaken various large projects and the legal department has been asked to support these in four continents concurrently. In addition to successfully challenging a large arbitration process, the in-house team recently completed the initial public offering of the company on the Oslo Stock Exchange; the team acclimatised and adjusted to the needs of a public entity in addition to raising funding on a corporate level by issuing a green senior unsecured three year bond.