Alight, a Sweden-based independent solar power producer, announced that it has achieved financial close on a senior debt portfolio financing agreement with Dutch lender Rabobank.
This arrangement provides Alight with up to €110 million to develop, own, and operate approximately 220 megawatts (MW) of small—to medium-sized solar parks (up to 50 MW) in Sweden, further solidifying its market presence.
The portfolio facility is considered a pioneering move in the Nordics. It highlights the evolving market and lenders’ increasing interest in financing the green transition.
The initial projects funded through this facility include a 4 MW installation in Halland, a 6 MW project in Södermanland, and a 15 MW project in Uppland, with additional projects expected to follow over the next two years.
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Harald Överholm, CEO of Alight, said, “This portfolio financing provides us with the flexibility to finance small- to medium-sized projects, helping to accelerate the renewable energy transition in Sweden at a time when the country is seeing a steep increase in electricity demand. We commend Rabobank for taking this innovative step forward, to the benefit of the whole country, and hope to see more facilities follow suit.”
Alight is focused on helping energy-intensive businesses transition to solar power. The company is aiming to have atleast 5 gigawatts (GW) of installed capacity by 2030.
By developing and operating onsite and offsite solar projects across Europe, Alight offers clean energy through power purchase agreements (PPAs) without government subsidies.
Rabobank, a global financial services provider rooted in cooperative principles, partners with them.
Specializing in retail and wholesale banking, leasing, and real estate, Rabobank prioritizes customer interests and aims to lead in the Food & Agri, and Energy Transition sectors.