Axfood and Alight sign power purchase agreement (PPA) to build Sweden’s largest solar park by threefold, marking a new era for solar
Alight and Axfood, a prominent food retail group in Sweden that includes Willys and Hemköp, are pleased to announce that they have signed a power purchase agreement (PPA) to build Sweden’s largest solar park by threefold. The scale of the solar park unlocks the possibility to use non-recourse project financing for the first time, signaling a shift in feasibility of large-scale solar in Sweden.Alight will build, own and operate the 64 MW solar farm in Hallstavik outside Norrtälje, Sweden, and Axfood will purchase the clean energy at a low, fixed price for 12 years. This will help Axfood to