The solar farm, which will supply renewable electricity to H&M Group under a long-term power purchase agreement, will become the country’s largest when commissioned in the second half of 2025. Until now, the development and construction has been funded through equity from Alight and Neoen, and will now be complemented with the debt provided by Danske Bank.
Richard Nicolin, co-founder and Chief Investment Officer at Alight, says: “This is the largest project financing of a solar park in Sweden to date, surpassing the financing of Alight’s 64 MWp solar park being built north of Stockholm, demonstrating the rapid progress of the Swedish solar power market. We are happy to collaborate with Danske Bank, which has demonstrated deep understanding of the business of building and operating solar parks.”
Joacim Nässen, Head of Large Corporates & Institutions, Sweden at Danske Bank, says: “At Danske Bank, we are thrilled to back a project of this scale and ambition. By financing the construction of Sweden’s largest solar farm, we’re enabling a cleaner, more sustainable energy system that benefits communities, businesses, and the environment alike. This collaboration with Alight and Neoen exemplifies what can be achieved when innovation meets bold action.”
