€46 million development of solar park in Eurajoki

Stockholm-based solar developer Alight has reportedly secured €46 million in senior debt financing from banks ABN AMRO and SEB to fund a 100 MWp solar park in Eurajoki, Finland.

The financing marks Alight’s first large-scale project in the country and is part of a broader facility agreement to support over 300 MWp of solar parks in Finland.

This framework financing agreement will facilitate the construction and operation of multiple solar projects, potentially boosting Finland’s total installed solar capacity by 25 per cent, according to the Finnish Solar Energy Association, cited by Cision News.

Warren Campbell, CEO of Alight, expressed gratitude towards the banks supporting the initiative, stating:

“We applaud ABN AMRO and SEB for their leadership in financing the green transition, illustrated by this commitment to supporting sizable solar development in Finland. We look forward to strengthening our existing relationship with SEB and establishing strong ties with ABN AMRO, particularly in light of future financing needs required to build out our extensive pipeline of 800 MW+ of Finnish solar projects.” Cited by Cision News.

Finland’s commitment to renewable energy

Finland has been actively working towards reducing its dependence on imported fossil fuels and achieving its EU climate targets.

Lisa McDermott, Managing Director of Energy Transition, Project & Infrastructure Finance at ABN AMRO, highlighted Finland’s renewable energy policies and incentives, adding:

“Alight has an admirable track record of building and operating solar parks, and we’re proud to support the company in its mission to accelerate the transition to a more sustainable future.” Cited by Cision News.

With this latest funding round, Alight aims to further expand its renewable energy footprint, playing a key role in Finland’s green transition and strengthening the Nordic solar market.

View all news in Finland.