- Alight will aim to accelerate the buildout of its near-term pipeline of solar projects with the capital raised
- Alight set an initial target to build 1GW of solar assets by 2025 and has a pipeline of projects under development exceeding that target
- The company now aims to have 5GW of solar projects delivered across the Nordics and Europe by 2030
DIF Capital Partners announced on Wednesday that it has acquired a majority stake in Stockholm-headquartered Alight. The agreement includes an investment of €150 million and a secondary buyout of several existing shareholders. Alight is a developer of subsidy-free solar projects in the Nordics. The company will use the capital raised to accelerate the buildout of its near-term pipeline of solar projects.
“We have been impressed by Alight’s track record as a first mover in the growing Nordic solar market,” said Gijs Voskuyl, partner of DIF and head of investments for DIF Infrastructure VII. “We also share Alight’s vision on how to accelerate the energy transition in Europe. Alight’s team and outlook are a strong foundation to build upon and we are pleased to take this step, enabling Alight to realise its growth ambitions.”
The investment aims to enable Alight to accelerate its build-out of new solar projects in the Nordics and more broadly across Europe. Alight set an initial target to build 1GW of solar assets by 2025 and has a pipeline of projects under development exceeding that target. The company now aims to have 5GW of solar projects delivered across the Nordics and Europe by 2030.
Alight announced in October 2022 the construction of Sweden’s largest co-located solar-plus-storage plant, to be completed in December, at a 12MW solar park in Linköping.
DIF is a global investment manager with over €14 billion in assets under management. It invests in infrastructure companies and assets primarily in Europe, the Americas, and Australia. The firm is headquartered in Schipol, Netherlands.