Swedish photo voltaic developer Alight has partnered with Sveaskog, the nation’s largest landowner, to develop 2 GW of latest photo voltaic capability. The first two initiatives underneath the settlement are already underway.
Solar developer Alight has signed a strategic partnership with Sveaskog, Sweden’s largest forest proprietor, to develop 2 GW of photo voltaic throughout the nation over a five-year interval.
Under the phrases of the settlement, Alight will develop, construct and co-own photo voltaic parks on Sveaskog land. Sveaskog, which is a state-owned firm, will co-invest between 30% and 49% of the photo voltaic parks and provides sustainable administration initiatives in the course of the improvement course of.
The improvement of the primary two initiatives has already began. It consists of a photo voltaic park spanning roughly 150 hectares in central Sweden and one other PV array throughout 70 hectares in southern Sweden. A spokesperson for Alight stated pv journal that each initiatives are in areas with the most important electrical energy shortages in Sweden.
Sveaskog owns 14% of Sweden’s forests, protecting roughly 3.4 million hectares, of which 3 million hectares are productive forest land. Estimates from Alight counsel that if 10,000 hectares, or 0.2% of Sveaskog’s land, change into renewable photo voltaic initiatives, it may generate about 5 GW of power, greater than double the present put in photo voltaic capability in Sweden. Approximately 18% of Sweden’s whole put in wind energy capability is positioned on Sveaskog land.
“Solar energy is a quick and inexpensive answer to fight the local weather disaster, particularly given the growing demand in Sweden for renewable electrical energy,” stated Alight CEO Harald Överholm. “We are impressed by Sveaskog’s excessive ambition in sustainability and look ahead to the simultaneous development and administration of photo voltaic initiatives that may try for the perfect steadiness of ecological, financial and social values.”
Earlier this yr, Alight introduced plans to construct a 90 MW photo voltaic park in southwestern Finland. It has additionally secured a grid connection for a 100 MW challenge in western Finland. The firm has set a goal to put in no less than 5 GW of photo voltaic by 2030.
Sweden added practically 1.6 GW of photo voltaic final yr, taking its whole put in capability to roughly 4 GW.
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