Alight, AkzoNobel Ink PPA Deal for 15-MW Swedish Solar Park

May 27, 2025 10:20 AM ET
  • Alight will finance, build and operate a 15-MWp solar park in Uppsala County, Sweden, under a long-term power purchase agreement that will supply AkzoNobel’s Swedish plants with 16 GWh of clean electricity from 2027.

Swedish independent power producer Alight has signed a long-term power purchase agreement with Dutch paints and coatings giant AkzoNobel to underpin construction of a 15-MWp solar park in Uppsala County, central Sweden. The deal marks AkzoNobel’s first on-site solar collaboration in the country and deepens a growing pipeline of Nordic corporate PPAs aimed at shielding industry from volatile wholesale prices.

The facility will be financed, built, owned and operated by Alight, allowing AkzoNobel to secure all of the plant’s output without upfront capital expenditure. Once commissioned in 2027, the array is expected to generate about 16 GWh a year—enough to power roughly 3,200 Swedish households—while cutting more than 5,000 tonnes of CO₂ annually. Electricity will flow directly to AkzoNobel’s adhesives site in Kristinehamn and its protective-coatings plant in Gothenburg, supporting round-the-clock operations at stable, low prices.

Wijnand Bruinsma, AkzoNobel’s director of sustainability, called the agreement “an important milestone on our journey to 100 percent renewable electricity by 2030,” noting that all of the company’s European manufacturing sites already run on green power. The firm is also evaluating an off-site renewable solution for its Malmö plant and negotiating a separate PPA in Germany as part of a broader decarbonisation drive.

For Alight, the project reinforces its status as Sweden’s most active solar developer. In April the company switched on a 64 MW park near Stockholm—currently the nation’s largest—and it is targeting more than 5 GW of installed capacity globally by 2030. Corporate PPAs such as the AkzoNobel deal now account for the majority of Alight’s 1-GW Nordic development pipeline, reflecting robust demand from manufacturers seeking cost-certain, low-carbon electricity.

Industry analysts say the agreement underscores how mid-scale solar paired with predictable pricing can help energy-intensive sectors weather Europe’s energy-market swings while accelerating Sweden’s push toward a fossil-free power system. With grid congestion growing in southern Sweden and wholesale prices still volatile, similar direct-supply PPAs are expected to proliferate as companies look to lock in emissions-free power and hedge against future shocks.