Attorneys from Ballard Spahr advised and represented Scatec Solar North America, Inc., and its Norwegian parent, Scatec Solar ASA, a major independent solar power producer, in closing on $157 million in a recent financing for construction of a utility-scale solar power plant in Utah. The Utah Red Hills Renewable Energy Park will be the Norwegian solar company's largest developed and constructed project in North America.

Total investment is estimated at $188 million for the 104-megawatt plant, expected to generate power equivalent to the annual consumption by approximately 18,500 homes. Google is providing tax equity, Prudential Capital Group is providing debt financing, and Scatec Solar is providing sponsor equity.

The Ballard Spahr team was led by Jerold G. Oldroyd, a partner in the firm's Salt Lake City office, and Tom Hoffmann, Co-Leader of the firm's Energy and Project Finance Group, based in the Washington, D.C., office. The team handled multiple legal aspects of financing for the project.

In addition to the financing aspects of the transaction, Ballard Spahr represented Scatec Solar on other aspects of the project. These include obtaining local, state and federal permits and approvals, and negotiating a 20-year power purchase agreement with Rocky Mountain Power, a division of PacifiCorp, one of the West's leading utilities, according to the utility's obligation under the federal Public Utility Regulatory Policies Act. The ground-mounted photovoltaic solar facility is being developed on approximately 650 acres of privately owned land near the town of Parowan in southwest Utah, and will interconnect to an existing transmission line.

In addition to Mr. Hoffmann and Mr. Oldroyd, the Ballard Spahr team that worked on the transaction included Cristina Coronado in Salt Lake City and Darin Lowder and Molly Bryson in Washington, D.C.