Under the cross-border PPA, Alight will finance, construct, own, and operate the solar facility, while Autoliv will contract a majority of the clean electricity produced to secure a long-term supply at a stable, low price. This collaboration enables the addition of new renewable energy capacity to the Finnish grid, while also advancing Autoliv’s sustainability ambitions.
“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” said Warren Campbell, CEO at Alight. “By combining its sustainability leadership with our expertise in solar development, we are jointly making significant strides toward a low carbon future.”
In 2021, Autoliv pledged to achieve carbon neutrality in its operations by 2030. This solar PPA with Alight represents a significant step forward in achieving Autoliv’s ambitions and underscores its position as a sustainability leader in the automotive industry.
Alight recently secured 46 million euros of senior debt from SEB and ABN AMRO to finance the solar park. When operational in 2026, it is projected to produce 100 GWh annually, equivalent to the electricity needs of approximately 20,000 households.
Construction will begin this spring and upon completion, the facility will be among Finland’s largest solar parks, helping to secure energy independence for the nation.
“At Autoliv, we are committed to operating our business in an environmentally sustainable manner while delivering world-class products to our customers” added Kaisa Tarna-Mani, Vice President of Sustainability at Autoliv. “With a focus on renewable electricity, we see Virtual Power Purchase Agreements as a strategic cornerstone of our low-carbon operations.”
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