Stockholm-based solar developer Alight has secured €46 million in senior debt financing to kickstart its first large-scale Finnish solar project, a 100 MWp solar park in Eurajoki.
This milestone comes as part of a larger facility agreement with ABN AMRO and SEB, designed to fund over 300 MWp of solar parks across Finland.
Warren Campbell, CEO at Alight, says: “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.”
Alight has been scaling its renewable energy portfolio across the Nordic region, aiming to accelerate Europe’s transition to clean power. The company, founded in 2013 (then Eneo Solutions), has positioned itself as a leading independent power producer, focusing on corporate power purchase agreements (PPAs) and large-scale solar developments.
The agreement will serve as a replicable framework, enabling Alight to finance three additional projects from its Finnish pipeline, totalling more than 200 MWp.
In total, the company is set to secure over €110 million in debt financing. Given that Finland’s installed solar capacity stood at 1.2 GW at the end of 2024, according to the Finnish Solar Energy Association, this expansion could increase the country’s solar power infrastructure by approximately 25%.
This financing follows Alight’s €110 million senior debt facility secured with Rabobank in September, earmarked for the development of 220 MWp of small- to medium-scale solar parks across Sweden.
Lisa McDermott, Managing Director, Energy Transition, Project & Infrastructure Finance at ABN AMRO, says: “Finland is committed to the EU’s energy and climate targets, and to reducing its dependency on imported fossil fuels, as evidenced by its favorable renewable energy policies and incentives. 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.”
With this latest round of financing, Alight continues to push forward its ambitious expansion strategy in Finland and beyond.
Tuomas Salonen, Head of Project & Infrastructure Finance Finland at SEB, says: “At SEB, we recognize the urgency of the green transition and are passionate about financing projects that accelerate it. Backing Alight’s 300+ MWp portfolio will be nothing short of transformative for the country’s energy landscape.”
By securing this major financing agreement, Alight looks to play a key role in shaping Finland’s renewable energy future, helping the country meet its sustainability goals while expanding the Nordic solar market.
Read the orginal article: https://www.eu-startups.com/2025/03/alight-secures-e46-million-to-finance-a-solar-park-in-finland/
