Swedish solar independent power producer Alight has successfully closed a €110 million (USD 122.7 million) senior debt agreement with Dutch lender Rabobank to fund the development of approximately 220 MWp of solar parks in Sweden. This significant financing move marks a notable step in Alight's efforts to expand its renewable energy portfolio.
The facility will enable Alight to build, own, and operate several small to medium-sized solar farms, with initial projects including a 4-MW installation in Halland, a 6-MW project in Södermanland, and a 15-MW project in Uppland.
The company plans to roll out additional projects over the next two years, further contributing to Sweden's renewable energy landscape.
Alight emphasized that this portfolio financing arrangement is believed to be the first of its kind in the Nordic region, indicating a maturation of the market and a growing willingness among lenders to support the green transition.
Harald Overholm, CEO of Alight, stated, “This portfolio financing provides us with the flexibility to finance small- to medium-sized projects, helping to accelerate the renewable energy transition in Sweden at a time when the country is seeing a steep increase in electricity demand.”
With a commitment to sustainable energy, Alight develops and manages solar projects throughout Europe, selling generated electricity through power purchase agreements (PPAs).
The company has set an ambitious target of achieving at least 5 GW of installed capacity by 2030, reinforcing its position as a key player in the European solar market.
