About Alight
Alight is on a mission to kick carbon off the grid by helping energy-intensive businesses switch to solar. They develop, own and operate onsite and offsite solar projects across Europe.
Axfood × Alight × SEB
Solar farm to table.
A new solar park built by Alight will supply renewable electricity to Axfood - a large food retail group reaching 5 million customers in Sweden each week.
| Client |
Industry |
Our role |
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Alight |
Energy |
Financing |
Axfood is a food retail group reaching five million customers in Sweden each week. Reducing its fossil fuel emissions has been a top priority since 2008. The company has installed both small- and large-scale solar power facilities on its rooftops and implemented numerous energy-saving measures. Axfood already buys 100% renewable electricity yet is now securing its own supply.
Axfood has signed a 12-year power purchase agreement (PPA) to buy renewable electricity from Alight. The PPA enables Alight, an independent solar power producer for large-scale projects across Europe, to build and operate a new solar park.
The facility, currently under construction, is three times larger than any existing solar park in Sweden. It will generate 63 gigawatt hours of renewable energy annually – equating to approximately 15% of Axfood's total electricity consumption – and boost the total supply available in the country.
Construction of the new solar park was realized with a green loan from SEB to Alight. Through advice and new types of financing, we support the acceleration towards a low-carbon economy.
About Axfood
Axfood is one of the leading players in food retail in Sweden and a family of different concepts working in collaboration.
Sector by sector. Industry by industry.
By offering advisory services, innovative and sustainable financing and investment products, we're helping our clients to reach their sustainability targets.
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SEB's sustainability experts have extensive knowledge in areas such as climate and financing solutions, sustainable investments and regulatory development in the European Union.