Alight secures £34 million portfolio financing from SEB for behind-the-meter solar in the UK
Alight, a leading Nordic solar developer and independent power producer, has secured a £34 million portfolio financing facility from SEB to build and operate behind-the-meter solar installations for commercial and industrial customers in the United Kingdom.
The facility creates an efficient and scalable financing platform for Alight’s growing portfolio of large behind-the-meter (BtM) projects in the UK. The portfolio comprises more than 50 MWp and includes projects expected to be commissioned no later than 2027. The projects are backed by long-term power purchase agreements (PPAs)