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Alight To Build 2 GW Solar Energy Projects In Sweden Over 5 Years

Sveaskog Wants To Host Solar Parks On Its Land To Be Built By Swedish Developer

Alight

Sveaskog CEO Erik Brandsma (left) and Alight CEO Harald Överholm (right) announced signing of a long-term agreement. (Photo Credit: Alight AB)

Key Takeaways

  • Alight and Sveaskog have entered a long-term partnership for solar PV parks  

  • It will co-own solar parks with a combined 2 GW capacity, built on Sveaskog’s forest land  

  • Sveaskog estimates around 5 GW solar energy generation from using 0.2% of its land 

The largest forest owner of Sweden, state-run Sveaskog has contracted local developer Alight to build 2 GW solar PV capacity on land owned by the state-run company that aims to ‘create value from forest and land’. This capacity is planned to be built over the next 5 years.  

Sveaskog owns 14% of Sweden’s forests or approximately 3.4 million hectares. Out of this, 3 million is productive forest land. It estimates around 5 GW of solar energy to be generated if 10,000 or 0.2% of its land is converted into solar parks. This would amount of 0.04% of Sweden’s total forest land. At the end of 2023, Sweden’s total installed solar PV capacity was almost 4 GW, including 1.3 GW installed last year (see Sweden Installed Over 1.6 GW New Solar In 2023).  

Currently, however, around 18% of the country’s total installed wind power capacity is sited on Sveaskog’s land.  

“Investing in solar power on our land is natural for us as a large landowner and a way to contribute to the energy transition and the future need for fossil-free energy sources. Alight will be a stable partner for us in this work,” said Sveaskog CEO Erik Brandsma.   

Under the partnership, Sveaskog will co-invest between 30% to 49% in the solar parks and also contribute with sustainable management initiatives, while Alight will develop, build and co-own the solar parks.   

For Alight, this long-term partnership with a state player will contribute to its 2030 goal by when it aims to have an installed capacity of at least 5 GW solar in its portfolio.   

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