French renewable power developer Neoen and Swedish photo voltaic developer Alight have revealed that they’ve secured Sweden’s largest energy buy settlement thus far.
The 2 firms agreed to promote energy to Swedish clothes retailer H&M Group from a 90 MW photo voltaic plant at present beneath improvement in Hultsfred, Kalmar county, in southern Sweden.
Development is anticipated to start within the second half of 2023. Alight mentioned it will likely be used photo voltaic panels with a low carbon footprint from an undisclosed producer for the mission. The mission shall be carried out in 2025.
“That is ours first PPA in Sweden and our ninth within the Nordics. Our long-term regional contracts embrace now nearly half a gigawatt of renewable power,” mentioned Neoen CEO, Xavier Barbaro.
In December 2021, Alight signed a five-year PPA for an 18 MW photo voltaic park with Swedish restaurant group Martin & Servera. In June 2021, it signed a 10-year settlement for an 8 MW photo voltaic park it needs to construct at an unspecified location in southern Sweden. Thus far, it has closed greater than 50 PPAs in Sweden.
Sweden might add 750 MW of photo voltaic by 2022, in response to analysis agency Becquerel Sweden. In 2021, the nation added 499.7 MW of photo voltaic, a rise of about 25% yearly from 2020. Different unsubsidized initiatives are already in improvement within the nation and their present development in recognition might be related to the typical that are favorable situations for photo voltaic.
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