Solar Power Accelerator ups installation target five times to 1 GW

Swedish start-up Solar Power Accelerator AB has increased its previously announced rooftop solar installation target five times to 1,000 MW to reflect current EU objectives.

“This is a more aggressive strategic repositioning consistent with official government goals in the European Union to accelerate the pace of solar panel deployment. The strategic company objective is thus to achieve a critical mass of rooftop-based solar generation with an installed output and capacity to supply 250,000 residential households or 400,000 electric cars with fossil-free fuel,” CEO Par-Olof Johannesson said in a statement on Wednesday.

Solar Power Accelerator operates as a micro-producer under a Build-Own-Operate service model, leasing unused roof space from commercial and industrial property owners in order to install solar photovoltaic (PV) systems. It procures solar panel contracts, secures capital and finances the expansion of micro-production of surplus electricity from rooftop solar arrays.

At present, the start-up is holding talks for a roof lease with an option exceeding the equivalent of 250,000 square metres, and is establishing the first pilot and reference facilities.

Also on Wednesday, the company announced 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.

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