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    Alight closes €110 million portfolio senior debt package with Rabobank to finance more solar power in Sweden

    Stockholm, Sweden, September 20, 2024 — Alight, a leading Swedish solar independent power producer, is pleased to announce that it has reached the financial close on a senior debt portfolio financing, signed with the Dutch lender Rabobank. The facility gives Alight up to €110 million of financing to build, own and operate roughly 220 MW of small to medium (up to 50 MW) solar parks in Sweden, further strengthening its position in the market.The portfolio facility is thought to be the first of its kind in the Nordics, signifying the maturing market and appetite for lenders to finance the

    Sveaskog and Alight enter into strategic partnership to develop large-scale solar power production

    Sveaskog has chosen Alight as its partner to develop solar energy projects totalling two gigawatts over five years. The first two projects consist of a solar park of approximately 150 hectares in central Sweden and a solar park of 70 hectares in southern Sweden, in the electricity areas (SE3 and SE4) with the largest electricity deficit and need for expansion of renewable electricity production.Sveaskog, Sweden's largest forest owner owned by the Swedish state, has chosen to partner with Alight, a leading developer and owner of solar parks headquartered in Sweden. Within the framework of

    Alight, Lear expand onsite solar partnership with 5 additional projects across Europe

    Alight is proud to announce an expanded onsite solar partnership with Lear Corporation, a global automotive technology leader in Seating and E-Systems.Alight, a leading European solar developer and independent power producer, is proud to announce an expanded onsite solar partnership with Lear Corporation, a global automotive technology leader in Seating and E-Systems. Through this partnership, Alight will develop, own and operate five additional onsite solar assets at Lear locations in Spain, the U.K. and Poland.  The first of the five new solar arrays — a 2.1 megawatt (MW) installation

    H&M Group and Alight sign power purchase agreements to build 3 new solar parks in Sweden

    Alight and H&M Group have signed long-term power purchase agreements (PPAs) to enable the construction of three new solar parks in Sweden.Stockholm, Sweden, January 25, 2024 — Alight, a leading European solar developer and independent power producer, and global fashion retailer H&M Group have signed long-term power purchase agreements (PPAs) to enable the construction of three new solar parks in Sweden. The ground-mounted solar parks will be located in Blekinge, Södermanland, and Halland, with a capacity of 13 MW, 6 MW and 4 MW, respectively. Construction of the park in Blekinge has

    Neoen and Alight begin construction at Hultsfred solar farm (100 MWp), the largest in Sweden

    At Hultsfred Airport, Neoen and Alight are now starting the construction of a solar cell plant that will be the largest in Sweden. When the plant is completed, it will have an installed capacity of 100 MW and is planned to be in operation in 2025.· Neoen and Alight announced the launch of the construction of Hultsfred solar farm  in Småland, south-east Sweden  · They appointed the Bouygues Energies & Services-Solkompaniet consortium as  EPC contractor  · With a capacity of 100 MWp, the Hultsfred farm is the largest solar project in  Sweden to date   · The solar farm is scheduled to

    Alight expands into Finland with 100+ MW solar park in Eurajoki

    Alight is proud to announce that it is expanding into the Finnish market with its first local project, a 100+ MW solar park in Eurajoki.The ground-mounted solar park will be located on 123 hectares (equivalent to 175 football fields) in Eurajoki (Satakunta). With an installed capacity of 100+ MW, equivalent to the annual electricity consumption of about 20,000 homes, it will be one of Finland’s largest solar parks under development. According to the target plan, the solar park will begin construction in Q4 2024 and will be commissioned in Q1 2026.  The Finnish municipality of Eurajoki is

    Alight opens Madrid office to support European expansion

    Alight is excited to announce that it is opening an office in Madrid to support the company’s European buildout. This is Alight’s second European office, complementing its headquarters in Stockholm, Sweden.In November 2022, DIF Capital Partners invested €150 million in Alight to accelerate the development of its near-term pipeline of solar projects across Europe, and by 2030, Alight is set to have an installed capacity of at least 5 GW backed with solar power purchase agreements (PPAs). Opening an office in one of Europe’s most mature solar energy markets will allow the company to tap into

    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

    Alight strengthens leadership team, appoints industry veteran Leixandre Mera as CFO

    Alight, a leading solar developer and Independent Power Producer, is pleased to announce the appointment of its new Chief Financial Officer, Leixandre Mera.Mera was previously the Chief Financial Officer at Opdenergy, an independent renewable energy producer with projects across Europe and the Americas, where he played an integral role in its IPO on the Spanish Stock Exchange (Ticker: OPDE; ISIN: ES0105544003). Prior to that, he worked in financial and accounting roles at Xylem Water Solutions (NYS: XYL) and CETCO (NYS: MTX). Mera brings with him 18 years of experience in finance, with both

    Alight builds rooftop solar power plant in Paris for Toyota Material Handling

    Toyota Material Handling signed a power purchase agreement (PPA) with Alight to provide solar energy to its facility in Bussy-Saint-Georges Paris, France. The rooftop solar power plant is now providing power equivalent to 25 percent of their total annual electricity consumption.Toyota Material Handling France (TMHFR), global leader in materials handling equipment, has signed a Power Purchase Agreement (PPA) with the solar energy company Alight. Alight develops, owns and manages the rooftop photovoltaic plant at the Bussy-Saint-Georges facility, and TMHFR buys the electricity produced by the

    H&M group signs a power purchase agreement with Neoen and Alight for a new solar park in Sweden (90 MWp)

    The construction of the landmark Hultsfred solar project, developed and owned by Neoen and Alight is scheduled to begin in the second half of 2023. Under the long-term agreement, the solar park will provide renewable energy to H&M Group and play an important role in reducing H&M Group’s carbon footprint. This is the largest solar PPA in Sweden to date. With a total capacity of at least 90 MWp, the Hultsfred solar park will generate the equivalent to the annual electricity consumption of over 16,000 homes.Neoen (ISIN: FR0011675362, ticker: NEOEN), one of the world’s leading producers of

    Pilot project for electrified fossil-free maintenance in solar park receives new government funding

    Alight, Husqvarna and the Swedish University of Agricultural Sciences' joint pilot project for fossil-free electrified mowing of vegetation in solar parks received 4 million SEK in funding from the Swedish innovation agency, Vinnova, last year. Now the project has been extended until June 2023 and received an additional investment of 2.5 million SEK.The pilot project is the first of its kind in fossil-free mobile work machines in solar parks and the autonomous lawn mower was implemented in spring 2022 in Alight’s utility-scale solar park (18 MW) in Skurup, Sweden. The project consists of

    DIF Capital Partners invests €150 million in Alight

    DIF Capital Partners will acquire a majority stake in Stockholm-headquartered Alight, a leading developer of subsidy-free solar projects in the Nordics. The agreement includes an investment of EUR 150 million and a secondary buy-out of a number of existing shareholders. With the capital raised, Alight will accelerate the buildout of its near term pipeline of solar projects.The company will do so by building out and retaining ownership of projects going forward and aiding the transition into an independent power producer. Alight built its foundation in the Nordic solar market by offering

    Alight and Tekniska verken build Sweden’s largest co-located solar-plus-storage plant

    Alight and Tekniska verken are adding battery storage to the 12 MW solar park in Linköping, Sweden. The battery is 2 MW/2 MWh, making the site the largest co-located solar-plus-storage plant in Sweden.Alight’s 12 MW solar park in Linköping is one of the largest solar parks in Sweden and was commissioned in 2020. By adding battery storage to the facility, the installation will be the largest co-located solar-plus-storage plant in Sweden. The battery storage will be operational in December 2022. Alight has developed, owns and manages the solar park. Tekniska verken is part owner of the

    Major new solar park in southern Sweden enters operation

    One of Sweden’s largest solar parks, located near Åhus in Skåne, has now entered operation. It is the size of 8 football fields and produces approximately 8 GWh of electricity a year, which is enough to power 1,600 houses. The investment is a joint initiative between Nolato, electricity company Bixia and solar energy company Alight.Construction of the solar farm began last autumn and the project came about via a Power Purchase Agreement (PPA) between Nolato, Bixia and Alight. The agreement means that Alight will develop, own and operate the solar park, while Nolato, via electricity trading

    Alight acquires solar assets from Vattenfall

    Alight furthers its leadership in the PPA market by acquiring 15 renewable as-a-service energy assets in Sweden, of which 5 are solar installations with a capacity of approximately 0,5 MW.Vattenfall, one of Europe’s largest producers and retailers of electricity and heat, is divesting its mid-size solar segment in Sweden to Alight. With the acquisition, Alight adds 15 renewable energy assets to its existing portfolio of 50 assets, to further grow and diversify its portfolio, strengthening Alight’s leadership position in solar-as-a-service in Sweden. The new assets are a mix of solar and

    Alight and The Axel Johnson Group to double Sweden’s solar park stock

    The Axel Johnson Group signs an agreement with Alight to build three solar parks in Sweden with a total installed power of about 90 MW. This will double Sweden's established solar park stock’s energy production by adding Sweden's largest solar parks.The Axel Johnson Group signs an agreement with Alight to build three solar parks in Sweden with a total installed power of about 90 MW. This will double Sweden’s established solar park stock’s energy production by adding Sweden’s largest solar parks. Axfood has signed a PPA (Power Purchase Agreement) for a solar park with an installed

    Alight to build solar park for Nolato

    The industrial group Nolato signed a power purchase agreement (PPA) for a solar park to be built by Alight. The solar park will be constructed in southern Sweden and will produce power equivalent to 15 percent of Nolato’s electricity consumption in Sweden.This autumn, ground will be broken for a new solar park in southern Sweden. The Nolato Group signed a PPA for the park with solar energy company Alight. Alight will build, own and manage the plant, and Nolato will buy the electricity produced through Alight’s electricity trading partner Bixia. – We are delighted to team up with Nolato

    Alight to build Kingspan factory rooftop solar power plant

    Kingspan Group has signed a power purchase agreement (PPA) with Alight to provide solar energy to its state-of-the-art factory in Stigamo outside Jönköping, Sweden. Under the terms of the agreement, the rooftop solar power plant will provide 20 percent of the factory’s total electricity requirements. Once commissioned, the Stigamo factory solar power plant will be one of Sweden's largest rooftop solar installations.Kingspan Group, a global building materials company, has signed a PPA with the solar energy company Alight. Alight will invest in, deliver and manage the rooftop photovoltaic

    Alight to build Sweden’s largest solar park for Martin & Servera

    The Martin & Servera Group has signed a power purchase agreement (PPA) with Alight. Under the terms of the agreement, the Group will source 40 percent of its electricity from the solar park, which will be built outside Skurup. Once online, the solar park will be the largest in Sweden.Martin & Servera, Sweden’s leading restaurant and catering specialist, has signed a power purchase agreement (PPA) with the solar energy company Alight. Alight will build, own and operate the solar power plant, and Martin & Servera will buy the electricity that the plant produces. – We are very pleased about

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