Swedish photo voltaic challenge developer Alight has secured a PPA from Sweden-based retailer Axfood for the 64 MW photo voltaic farm it’s at present creating in Hallstavik, Stockholm county.
“Development will start this week,” an Alight spokesperson stated pv journal. “The photo voltaic plant needs to be operational within the second quarter of 2023.
The corporate stated it’s going to use non-recourse challenge financing for the challenge for the primary time in Sweden. Historically, PPA-backed photo voltaic property are financed by the nation’s fairness.
“We’ve secured a 12-year PPA,” the spokesperson stated. “The plant will promote the ability at a hard and fast value decrease than the typical value of electrical energy in Sweden within the final 12 months.”
In December, Alight and Neoen secured Sweden’s largest energy buy settlement so far. The 2 firms agreed to promote energy to the Swedish clothes retailer H&M Group from a 90 MW photo voltaic plant, which is at present underneath growth in Hultsfred, Sweden.
In December 2021, Alight signed a five-year PPA for an 18 MW photo voltaic park with Swedish restaurant group Martin & Servera. And in June 2021, it signed a 10-year settlement for an 8 MW photo voltaic park it needs to construct in an unspecified location in southern Sweden.
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