Neoen, Alight sign 90MW solar energy play with H&M

• Building and construction of the project at Hultsfred airport in Sweden is prepared for the 2nd half of 2023

Neoen and also Swedish solar programmer Alight have signed a power acquisition agreement (PPA), covering 90MW of solar, with Swedish style store H&M Group.

Building is prepared for the second half of 2023, with commissioning to follow in 2025.

Under the long-lasting agreement, the solar park, located in Hultsfred, Sweden, will offer H&M Group with local renewable resource and warranties of origin.

The offer is the largest solar PPA got in Sweden to date, Neoen and Alight specified.

Collectively established and also possessed by Neoen (majority investor) and also Alight, the project will be built using photovoltaic or pv panels to be mounted around the runway of Hultsfred airport, in the south-east of Sweden.

H&M Group has set a goal to reduce the company's absolute range 1 as well as 2 emissions and its scope 3 emissions by 56% both by 2030 as well as from a 2019 standard as well as to increase the annual sourcing of renewable electrical power to 100% by 2030.

As part of the business's green investments, PPAs play a "extremely vital" role in the company's climate work to achieve its targets.

Ulrika Leverenz, Head of Green Investment of H&M Group, said: "We are very thrilled to see Hultsfred's solar park coming true in the future.

" Company as well as countries must show management to restrict international warming to 1.5 ° C according to what the climate science urges us to do.

" Power purchase agreements like this one with Neoen as well as Alight bring us one step closer to satisfy our enthusiastic climate goals and also increase the schedule of clean power in the country."

At the same time, in France Neoen has actually been granted 180MW in the technology-neutral call for tenders (PPE2) held by the French federal government and also supervised by the energy regulation commission (CRE).

The 180MW is split between 11 projects ranging from 12MW to 22.8 MW and Neoen is the majority shareholder of each project.

The projects comprise 2 solar schemes, both located in the Grand Est region.

The Isle-sur Marne (19.3 MW, Marne) as well as Morhange 2 (22.8 MW, Moselle) plants rehabilitate specifically a former quarry and also disused army land.

Construction is arranged to start in 2023. Morhange 2 is an extension of Neoen's photovoltaic farm situated in the exact same district.

Nine wind farm projects with combined power of 137.8 MW are included in the capacity awarded.

They are located in Nouvelle-Aquitaine (Creuse, Vienne as well as Haute-Vienne), Normandie (Seine-Maritime as well as Eure), Grand Est (Ardennes), Bourgogne - Franche Comté (Yonne), and also Pays de la Loire (Sarthe).

Building of the farm in Vesly (Eure, 12MW) is ready to start, while the other 8 projects, with a consolidated power of 125.8 MW, have already obtained the needed building licenses however undergo management disputes.

Building can commence as soon as these treatments have run their course.