DIF Capital Partners has plans to acquire a majority stake in Alight, a Stockholm-based developer of subsidy-free solar projects in the Nordics. The agreement includes an investment of €150 million ($150.4 million) and a secondary buyout of a number of existing shareholders.
Alight offers solar power-purchase agreements (PPAs) to major commercial and industrial power users and has developed several of Sweden’s largest solar parks, in addition to delivering multiple onsite solar solutions. The company aims to deliver 5 gigawatts of PPA-backed solar projects across the Nordics and Europe by 2030, surpassing its initial target to build 1 gigawatt of solar assets by 2025. Alight is also leading the Swedish market rollout of colocated battery storage, a key component of ensuring that grid stability copes with the solar rollout.
Alight will use the capital from DIF to accelerate the buildout of its near-term pipeline of solar projects, aiding its transition into an indep
