How the company makes money
Revenue comes from electricity sales under long-term power purchase agreements, known as PPAs, with major companies such as H&M Group, Autoliv and DSB. Alight has signed over 60 such agreements. The company retains ownership of the parks and operates them itself, so revenue continues throughout the contract term. The parks are financed with equity and project loans from banks such as SEB, ABN AMRO, Rabobank and Danske Bank.
The power grid is the bottleneck
Demand for electricity from data centres and industry is growing faster than the grid can connect new generation capacity. Alight has a dedicated team for each grid connection, from application to energisation, and long-standing relationships with grid operators in the countries where the company builds. Grid connections are also being developed as a standalone service for data centres that need capacity.
Battery storage and development
In 2022, Alight built the Nordic region's first battery storage facility located alongside a solar park. Increasingly, parks are being built with battery storage, enabling the company to supply electricity that more closely matches the customer's consumption. The development portfolio of solar and battery storage projects in Sweden, Finland and Denmark totals around 5 GW. In recent years, Alight has built more than half of the utility-scale solar capacity in Sweden and Finland.
Solar power on the customer's own land
Outside the Nordic region, Alight builds, owns and operates solar installations on customers' own roofs and land. The customer buys the electricity at a fixed price over a long period without investing in the installation themselves. The business operates in the United Kingdom, France, Spain and Poland, with customers such as Toyota, DHL, Lear and Nestlé.
