Solar Power Accelerator ups setup target 5 times to 1 GW

• Swedish start-up Solar Power Accelerator AB has actually enhanced its formerly introduced roof solar installment target five times to 1,000 MW to reflect current EU objectives.

"This is a more aggressive calculated repositioning regular with official government goals in the European Union to accelerate the pace of photovoltaic panel deployment. The strategic company objective is therefore to attain a critical mass of rooftop-based solar generation with an installed result and also capacity to provide 250,000 domestic homes or 400,000 electric cars and trucks with fossil-free fuel," chief executive officer Par-Olof Johannesson stated in a declaration on Wednesday.

Solar Power Accelerator runs as a micro-producer under a Build-Own-Operate service model, renting unused roofing system space from industrial and also industrial property owners in order to install solar photovoltaic or pv (PV) systems. It acquires solar panel contracts, protects funding as well as funds the growth of micro-production of surplus electricity from rooftop solar arrays.

Today, the startup is holding talks for a roof covering lease with an option exceeding the matching of 250,000 square metres, as well as is developing the initial pilot and also recommendation centers.

Also on Wednesday, the company revealed that Bo Normark, formerly SVP and Head of Power Systems at ABB, Hampus Engellau and Josephine Kallenberg were all elected to join its board of directors.