Alight

Alight is a leading solar developer and independent power producer in Europe. The Stockholm-based company develops, owns, and operates onsite and offsite solar projects across the region. Alight adopts a subsidy-free business model, offering solar energy to commercial and industrial customers through long-term power purchase agreements (PPAs) at fixed prices.

Alight's core technology involves the development and construction of ground-mounted solar parks as well as rooftop solar installations for businesses. These systems generate clean electricity, enabling companies to switch to renewable energy sources. Alight retains ownership of the solar assets and sells the power directly to customers through PPAs spanning 10 to 20 years. This approach shields energy-intensive businesses from volatile electricity prices while providing access to sustainable energy.

By the end of 2024, Alight aims to have an installed solar capacity of one gigawatt (GW) across its operational projects, with plans to expand to five GW by 2030. A notable project in Alight's portfolio is the 100 MW solar park in Hultsfred, Sweden, developed jointly with Neoen for fashion retailer H&M Group. The company has also undertaken Sweden's largest co-located solar-plus-storage plant, a 12 MW facility in Linköping completed in December 2022.

In November 2022, Alight received a EUR 150 million investment from Dutch firm DIF Capital Partners, enabling the accelerated buildout of its solar project pipeline across the Nordics and Europe. This transaction also facilitated Alight's transition into an independent power producer, with plans to retain ownership of future solar assets.

Key customers and partnerships

Alight's customer base primarily comprises large corporations and energy-intensive businesses operating across various industries. Notable clients include fashion retailers H&M Group and Kingspan, financial institution Swedbank, automotive manufacturer Toyota, and food distributor Martin & Servera.

In December 2022, Alight partnered with French renewable energy company Neoen to jointly develop and own the 100 MW Hultsfred solar park in Sweden, secured through a power purchase agreement with H&M Group. This project represents the largest solar PPA contracted in Sweden to date.

Building upon this collaboration, Alight and H&M Group signed additional PPAs in January 2024 for the construction of three solar parks in Blekinge, Södermanland, and Halland, with a combined capacity of 23 MW. These projects are expected to be operational by early 2025, further strengthening Alight's partnership with H&M Group in delivering renewable energy solutions.