Alight has signed a power purchase agreement (PPA) for output from a 100MW solar farm in Finland, the largest deal of its kind in the country.
The PPA with Autoliv, an automotive industry company, covers the output from the solar park in Eurajoki.
Alight will finance, construct, own, and operate the solar facility, while Autoliv will contract a majority of the clean electricity produced.
This collaboration enables the addition of new renewable energy capacity to the Finnish grid, while also advancing Autoliv’s sustainability ambitions.
Alight recently secured €46m of senior debt from SEB and ABN AMRO to finance the solar park.
Warren Campbell, CEO of Alight, said: “Solar power has a great potential to transform the Finnish energy landscape by complimenting its wind production, and we’re proud that together with Autoliv, we are announcing the largest solar PPA in Finland.
“By combining its sustainability leadership with our expertise in solar development, we are jointly making significant strides toward a low-carbon future.”
Kaisa Tarna-Mani, Vice President of Sustainability at Autoliv, added: “At Autoliv, we are committed to operating our business in an environmentally sustainable manner while delivering world-class products to our customers.
“With a focus on renewable electricity, we see Virtual Power Purchase Agreements as a strategic cornerstone of our low-carbon operations.”
