H&M Partners with Alight to Build Solar Parks in Sweden

• H&M Group takes a major step towards sustainability with the construction of three solar parks in Sweden, generating clean electricity and supporting their goal of net-zero emissions by 2040.

Global fashion retailer H&M Group has signed power purchase agreements (PPAs) with solar developer Alight to build three solar parks in Sweden. The parks, located in Blekinge, Södermanland, and Halland, will have capacities of 13 MW, 6 MW, and 4 MW respectively. Construction has already begun on the park in Blekinge, while the other two parks will start construction later this year. The parks are expected to be operational by early 2025 and will provide H&M Group with renewable electricity. Alight will own and operate the solar parks.

These projects are part of H&M Group's goal to source only renewable electricity by 2030 and achieve net-zero emissions by 2040. The solar parks are projected to generate at least 24 GWh of clean electricity, equivalent to the annual consumption of over 4,800 homes. H&M Group previously signed a PPA with Alight in December 2022 for a 100 MW solar park in Hultsfred, Sweden. The company has also issued a Green Bond, attracting significant investment, as part of its green finance initiatives.

What are H&M Group's renewable energy goals and recent solar park projects in Sweden?

• H&M Group has set a goal to source only renewable electricity by 2030 and achieve net-zero emissions by 2040.
• The company has signed power purchase agreements (PPAs) with solar developer Alight to build three solar parks in Sweden.
• The solar parks will be located in Blekinge, Södermanland, and Halland, with capacities of 13 MW, 6 MW, and 4 MW respectively.
• Construction has already begun on the park in Blekinge, while the other two parks will start construction later this year.
• The solar parks are expected to be operational by early 2025 and will provide H&M Group with renewable electricity.
• Alight will own and operate the solar parks.
• These projects are projected to generate at least 24 GWh of clean electricity, which is equivalent to the annual consumption of over 4,800 homes.
• In December 2022, H&M Group signed a PPA with Alight for a 100 MW solar park in Hultsfred, Sweden.
• H&M Group has also issued a Green Bond as part of its green finance initiatives, attracting significant investment.