Plans are being made for the construction of a 64MW solar farm in Hallstavik, Sweden. The facility, which will become the country’s largest solar facility upon completion, will be developed by Swedish independent power producer Alight Energy. The solar farm project stands out not only for its size but also for its innovative financing approach.
Retailer Axfood has entered into a 12-year power purchase agreement (PPA) to procure electricity from the solar farm which will be located in the municipality of Norrtälje, southeast Sweden. While the specific pricing details of the PPA were not disclosed, Alight Energy stated that Axfood would pay a “low, fixed price.”
Additionally, Alight will retain operational control of the 64MW solar farm in Hallstavik once construction is finalised. The commencement of construction is scheduled for late June 2023. Furthermore, the facility is expected to be operational by the second quarter of next year.
READ ALSO:Â Groundbreaking Begins at Silvertown Regeneration Scheme
Construction of 64MW solar farm in Hallstavik, Sweden
Alight CEO Harald Överholm expressed pride in the solar farm project in Sweden. He also emphasised that it would be the largest solar park in Sweden upon commissioning. Notably, this marks the first instance of non-recourse project financing being employed for a solar park in Sweden. It also shows a significant milestone and signalling a promising shift towards the feasibility of future renewable energy projects.
The 64MW solar farm in Hallstavik adds to the company’s growing portfolio of European solar facilities. It building upon Alight collaboration with Neoen to establish a 90MWp solar park in Sweden. Alight Energy has set an ambitious target of developing solar projects with a combined capacity of 5GW by 2030. Each is backed by PPAs, to supply clean energy to companies beyond the solar sector.
Currently, the company is engaged in developing over 1GW of solar projects in Sweden and more than 250MW in other parts of Europe.
