Swedish photo voltaic undertaking developer Alight has secured a PPA from Sweden-based retailer Axfood for the 64 MW photo voltaic farm it’s at present growing in Hallstavik, Stockholm county.
“Building will start this week,” an Alight spokesperson mentioned pv journal. “The photo voltaic plant needs to be operational within the second quarter of 2023.
The corporate mentioned it would use non-recourse undertaking financing for the undertaking for the primary time in Sweden. Historically, PPA-backed photo voltaic belongings are financed by the nation’s fairness.
“We’ve got secured a 12-year PPA,” the spokesperson mentioned. “The plant will promote electrical energy at a hard and fast value decrease than the common electrical energy value in Sweden for 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 below 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 at an unspecified location in southern Sweden.
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