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

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

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

October 6, 2025
German solar inverter manufacturer SMA Solar will cut 350 jobs in 2026 as it adapts to the “weak” residential PV market.
October 6, 2025
An expert panel has identified a series of grid failures that led to April's unprecedented power outage in Spain and Portugal, ruling out renewables as the leading cause.
October 3, 2025
SunStrong Management has raised US$900 million to refinance a 'large portfolio' of residential solar assets developed by SunPower.
October 2, 2025
Spanish waste management company Trabede and energy firm Greening Group will build a solar module recycling plant in Granada, Andalusia, Spain.
October 2, 2025
The European solar sector will lose around 5% of its jobs in 2025, the first contraction in employment for the sector in nearly a decade.
October 2, 2025
PV products using perovskite technology could assume a dominant position within the next ten years, according to module producer Qcells' CTO.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland