Alight and Infranode sell rooftop solar

Swedish solar developer Alight and infrastructure investor Infranode have agreed to sell a portfolio of 36 rooftop solar installations in Sweden to Bright Sunday.

The sale frees up capital for new projects. It also sharpens Alight’s focus on solar parks and battery storage.

The portfolio includes Sweden’s first solar installations with long-term power purchase agreements (PPAs). They supply solar power to businesses, housing cooperatives and public organisations.

“These installations were early proof that businesses and public organisations wanted solar energy, and they laid the foundation for Alight’s business. It was important for us to find the right owner,” said Warren Campbell, CEO of Alight.

Alight and Infranode have partnered since 2017 and are regarded as pioneers of long-term solar PPAs in the Swedish market.

“We are very pleased with the transaction, which streamlines our portfolio and allows us to invest in new projects,” said Johan Tiselius, Partner at Infranode.

Bright Sunday, which has offered solar power as a service since 2016, will take over customer relationships and day-to-day operations.

“These are well-maintained assets with stable customers and long-term contracts. The portfolio provides a strong starting point for re-establishing Bright Sunday as a leading player in the Nordic solar and battery market,” said CEO Ludwig Ekström.