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Home»Other News
Other News

OST boosts US offering

Sion Haswell moved from UK to head engineering operations
EBSBy EBSMay 25, 20161 Min Read
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OST boosts US offering

OST Energy has transferred Sion Haswell to the USA from the UK to head its independent engineering operations.

The company said the move is to support its growth in the region and expand OST’s service offering to North American lenders and project developers.

OST said it has provided engineering consultancy services to 2GW of solar and wind energy since US operations started in 2014.

Haswell (pictured) has specialist experience in large solar portfolios, both ground mounted and rooftop solar, the company added.

He said: “The US market finds itself in a very interesting place for developers and investors.

“The renewal of the Investment and Production Tax Credits has provided certainty for new projects and the build-out of the current project pipeline.

“However, with the expiry of the five-year compliance periods on the original ITC projects, and as first round investors exit some developments, secondary funds or utilities looking to buy solar farms will have to ensure that the quality and performance of assets is in line with expectations.

“We therefore anticipate a strong interest in transactional due diligence for mature assets in the coming months.”

Image: OST Energy



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