Niam has acquired a majority stake in Bright Sunday, a Swedish solar-as-a-service provider for commercial and industrial customers. Financial terms were not disclosed.
Bright Sunday offers commercial and industrial customers solar PV electricity-as-a-service. The portfolio today consists of 65 solar projects with a total installed capacity of 20 megawatts, allowing 54 customers to produce electricity for onsite self-consumption. Bright Sunday’s portfolio is located in Portugal and Spain, but the company plans to expand across Europe with the support of new capital from Niam Infra.
“We are very impressed by Bright Sunday’s business model and ability to build a multi-market presence in the solar-as-a-service industry,” said Sverker Åkerblom, CEO of Niam Infrastructure. “Through our investment in Bright Sunday, we have the opportunity to accelerate the energy transition by providing a simple and fully funded solution to customers. With Bright Sunday, we plan to