Alight secures up to €110 million financing for 220MW Swedish PV portfolio

Facebook
Twitter
LinkedIn
Reddit
Email
Alight has already financed three solar PV projects, with a combined capacity of 25MW, through the facility. Image: Alight.

Swedish independent power producer (IPP) Alight has secured up to €110 million (US$123 million) financing for a 220MW solar PV portfolio in Sweden.

According to the company, the facility is a first of its kind in the Nordics, with the IPP reaching financial close on a senior debt portfolio financing with Dutch financing firm Rabobank.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The financing will allow the company to build, own and operate a 220MW portfolio of small to medium solar parks, each with a capacity of up to 50MW. The first three projects financed through the facility are a 4MW in Halland, a 6MW project in Södermanland and a 15MW project in Uppland. Other projects are expected to follow suit within two years.

Alight continues to increase its solar portfolio in Sweden with this latest debt financing, after it recently partnered with Swedish solar company Svea Solar and state-owned forestry company Sveaskog to develop a 2GW portfolio of solar projects in the country. Alight and Svea Solar will develop, build and co-own the portfolio with Sveaskog, which will provide the land. Development of the first two PV projects, a 150-acre site in central Sweden and a 70-hectare site in the south of the country, has already begun.

This partnership, along with the 220MW portfolio financing, will bring the IPP closer to its 2030 target of having an installed portfolio of 5GW capacity.

Harald Överholm, CEO of Alight, said: “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.”

In a conversation with PV Tech Premium last year, Alight said that the solar market in Scandinavia was “massive and largely untapped”, with overall good solar irradiation, despite its dark winters. In a more recent piece, PV Tech Premium looked at the status of several northern European markets, including Sweden and other Nordic countries.

Read Next

August 7, 2025
Independent power producer Arevon Energy has powered the second phase of the Eland solar-plus-storage Center in Los Angeles, California.
July 30, 2025
Spanish solar energy company Soltec has found an investor that will acquire 80% of the company’s shares in a restructuring move.
July 28, 2025
Solar developer Atlas Renewable Energy has secured BRL1 billion (US$179 million) in financing for a 579MW Brazilian solar PV complex.
July 16, 2025
IPP Cero Generation and developer Enso Energy have reached financial close on a 360MW solar-plus-storage portfolio of projects in the UK.
July 15, 2025
D.E. Shaw Renewable Investments (DESRI) has started construction at a 150MW solar-plus-storage project in the US state of New Mexico.
July 14, 2025
Elements Green has secured €80 million (US$93.5 million) in financing from Danish investment firm Copenhagen Infrastructure Partners (CIP).

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines