Svea Solar targeting market leading position in Europe’s residential PV market after Altor investment

Facebook
Twitter
LinkedIn
Reddit
Email
Altor’s major investment in Svea Solar will help the Swedish company grow its residential solar presence in Europe. Image: Svea Solar.

Investment firm Altor Fund V has acquired a significant minority stake in residential solar company Svea Solar with a major investment aimed at accelerating the installer’s expansion in Europe’s residential rooftop market.

Altor will acquire all shares of current shareholder Axsol AB, becoming the lead investor Svea Solar, which it intends to grow to become Europe’s residential solar market leader, covering 80% of the continent by 2026.

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

Altor’s investment will help the Swedish solar company grow and expand its geographical presence in the continent, currently present in five markets (Sweden, Spain, Germany, Belgium and the Netherlands), and with it its staff numbers, from the current 700 employees to add more than 5,000 by 2025.

Moreover, Svea Solar’s financial target for this year is to double its revenue figure from the €100 million (US$109.73 million) achieved in 2021, while doubling its staff numbers by the end of the year.

Erik Martinson, CEO and co-founder of Svea Solar, said: “This enormous contribution from an experienced and engaged investor like Altor will enable us to further contribute to a more sustainable, resilient, and independent energy system.”

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

July 24, 2025
2025 will be the first time in over a decade that solar power additions decline in the EU, according to a mid-year report from SolarPower Europe.
July 24, 2025
Spanish independent power producer (IPP) Sonnedix has raised €2 billion (US$2.35 billion) through two refinancing transactions in Europe.
July 23, 2025
US-based microinverter manufacturer Enphase Energy saw a decline of two percentage points in its gross margin for Q2 2025 due to Donald Trump's “reciprocal” tariffs regime.
July 22, 2025
Statkraft has posted quarter-on-quarter declines in electricity generation and earnings in the second quarter of this year.
July 21, 2025
Enfinity Global has sold a 49% equity interest in its 402MW portfolio of solar plants in Italy to the SOFAZ.
July 18, 2025
Companies have signed 4.22GW of solar PV power purchase agreements in the first half of 2025, according to Swiss consultancy Pexapark.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
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