|Vattenfall, one of Europe’s largest producers and retailers of electricity and heat, is divesting its mid-size solar segment in Sweden to Alight. With the acquisition, Alight adds 15 renewable energy assets to its existing portfolio of 50 assets, to further grow and diversify its portfolio, strengthening Alight’s leadership position in solar-as-a-service in Sweden. The new assets are a mix of solar and energy efficiency installations, located in Sweden, with a total expected annual production of over 10,000 MWh.
“We are delighted to expand our portfolio of renewable energy assets through this acquisition. With our focus on mid-size assets, Alight is a logical partner to facilitate the strategic repositioning of Vattenfall, ensuring a top customer experience for the solar-as-a-service customers and continued secure production of green MWh for the long term. We hope this is the beginning of a rewarding business relationship”, says Harald Överholm, CEO of Alight.
“We are very pleased to divest to Alight and are confident that they will take care of our customers in the best way towards a fossil free future. This is a strategic shift for Vattenfall Heat Sweden, we will now elevate our focus on district heating, cooling and steam, as well as large-scale energy solutions for industries and districts. Vattenfall will continue with its large-scale solar business and decentralised energy generation offerings, such as solar for roofs,” says Kurosh Beradari, Sales Director, Vattenfall Heat Sweden.
The 15 installations are servicing housing associations and business units with renewable heat and electricity at a fixed price, offering the customers a hedge against the volatile energy prices. The assets have been operational for between one and three years. Alight takes over the asset management in June, although there will be a transition period where Vattenfall will still provide support as well.
Alight will be responsible for asset management, optimizing the production and supervising its operations.