Google revealed as investor in 104MW Scatec Solar plant in Utah

Facebook
Twitter
LinkedIn
Reddit
Email

Internet giant Google has been confirmed as one of two investors in a 104MW PV power plant being developed and built by Norwegian firm Scatec Solar in Utah.

Along with Prudential Capital Group, Google will invest US$157 million in Scatec’s Red Hill project, which will be company’s largest in the US to date.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Scatec Solar said it had closed project financing for the plant last week, but further details of the deal have been revealed today.

Google is providing tax equity and Prudential debt financing for the project, while Scatec Solar is providing sponsor equity. Total investment in the plant will come to US$188 million.

When Red Hills is complete, Google will co-own the plant with Scatec Solar.

“We are very pleased to finalise financing for the Red Hills project and start construction on our largest project in North America,” said Scatec Solar CEO Raymond Carlsen.

The investment is Google’s 18th in renewable energy projects and takes its total funding agreements for renewables worldwide to US$1.5 billion, according to Scatec Solar.

The ground-mounted PV facility is being developed on approximately 260 hectares of privately-owned land in Parowan, Utah, and is due for completion by the end of 2015.

The plant will qualify for the US’ 30% Investment Tax Credit for solar power plants, which is due to be cut to 10% next year.

Read Next

July 24, 2025
2025 will be the first time in over a decade that solar power additions decline in the EU, according to a mid-year report from SolarPower Europe.
July 24, 2025
Spanish independent power producer (IPP) Sonnedix has raised €2 billion (US$2.35 billion) through two refinancing transactions in Europe.
July 24, 2025
Spanish energy utility giant Iberdrola has recorded over €3.5 billion in net profits in the first half of 2025 as it continues to expand investments in grid networks and high-value markets.
July 24, 2025
The Spanish Congress of Deputies has toppled the royal decree-law aimed at reforming the grid after the 28 April blackout, which affected the Iberian Peninsula.
July 24, 2025
China has installed 14.36GW of solar PV in June 2025, down 85% from the previous month and also decreasing 38% from the same period in 2024.
July 24, 2025
Two major transmission infrastructure projects have progressed in Western Australia and New South Wales, in a win for renewables.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK