Board of Directors

There are presently five board members including the chairman. There are no family relationships among the board members or between board members and the management. There is no arrangement or understanding with major shareholders, customers, suppliers or others, pursuant to which members of the board or management was selected.

Ragnar Søegaard

Ragnar Søegaard is the CEO of Clean Energy Group, which is developing a 400 MW hydropower plant in Georgia, and holds several board positions in Norway. Mr. Søegaard has more than 20 years of experience in the power sector including as CFO of E-CO, the second largest power company in Norway, and CEO of Viken Fjernvarme. Mr. Søegaard is also a professor at the Asian Institute of Technology in Bangkok. Mr. Søegaard is a Norwegian citizen living in Oslo.

Bård Mikkelsen

Bård Mikkelsen is the chairman of several Norwegian companies and a Senior Adviser to First Reserve, a leading global investment firm focused on energy. Mr. Mikkelsen was previously on the board of E.ON AG and has more than 20 years of experience as CEO of Statkraft, Norway’s largest power company, Oslo Energi, Ulstein Group and Widerøe. Mr. Mikkelsen is a Norwegian citizen living in Oslo.

Terje Osmundsen

Terje Osmundsen is SVP Business Development of Scatec Solar, with the responsibility for early phase development of new markets and opportunities as well as coordinating the company’s government relations. Mr. Osmundsen has a broad professional background including leadership roles in both business and public sector, entrepreneurship, management consulting and thought leadership as Chief Adviser to the Norwegian Prime Minister and in Kvaerner, Saga Petroleum and Alcatel. Mr. Osmundsen is a Norwegian citizen living in Oslo.

Jens Engwall

Jens Engwall is the founder and CEO of Hemfosa Fastigheter AB, a Stockholm listed real estate company with $3,5 billion in assets under management. Mr. Engwall has previously been CEO for Kungsleden and CA Fastighter and has held several management and board positions in Sweden, Russia, Poland and other countries. Mr. Engwall is currently on the board of Bonnier Fastigheter, NSP Holding, IKANO S.A. Luxembourg and Hemfosa. Mr. Engwall holds a MSc from KTH Royal Institute of Technology, Stockholm. Mr. Engwall is a Swedish citizen living in Sweden.

Rolf Olav Larsen

Rolf Olav Larsen, Ph. D., is Vice President at Herøya Industrial Park and Professor II of Industrial Organic Chemistry at the University of Bergen. He has extensive experience in chemical R&D and industrial development of chemical processes. Dr. Larsen is a Norwegian citizen living in Norway.