SBB is building a solar park together with El av Sol – one step closer to becoming climate positive in the entire value chain by 2030

Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) and El av Sol Nordic AB (”El av Sol”) are building a solar park in Hallstahammar, Sweden. The expected annual production during a normal year is approximately ten GWh, corresponding to five per cent of SBB's electricity consumption. Last week, SBB updated the company's Vision 2030 with the goal that by 2030 SBB will be climate positive in the entire value chain.

SBB and El av Sol have agreed on the construction of a ten megawatts solar park in Hallstahammar. El av Sol has extensive experience of solar power solutions and the plant is expected to be completed during the second half of 2022. The expected annual production during a normal year is approximately ten GWh, corresponding to five per cent of SBB's electricity consumption. The solar park will be built on an area of approximately 17 hectares.

Companies within the SBB group will sign long term PPA's (Power Purchase Agreements) for the electricity produced in the solar park.

"We are one step closer to our vision to be the first large real estate company to be climate positive and are particularly pleased to be able to build a solar park so close to the Stockholm region where we have a large property portfolio," says Marika Dimming, Head of Sustainability at Samhällsbyggnadsbolaget i Norden AB.

"El av Sol looks forward to install this park for SBB and a close and long term partnership. SBB is precisely the type of partner we want to collaborate with where climate improvements is made based on good business and a natural part of the vision and the business idea," says Markus Thulin, CEO El av Sol Nordic AB.

For further information, please contact:
Marika Dimming, Head of Sustainability at Samhällsbyggnadsbolaget i Norden AB, marika.dimming@sbbnorden.se

Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region’s leading property company in social infrastructure. The Company’s strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company’s series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at www.sbbnorden.se.