The solar farm is connected to the E.ON local grid distribution system.
The project, a joint venture between Neoen, the primary shareholder, and Alight, was supported by financing from Danske Bank alongside contributions from both companies. The construction was overseen by contractors Equans Solar & Storage and Solkompaniet, creating around 120 jobs during the development phase.
The Hultsfred solar farm is projected to generate 100GWh of clean energy annually, sufficient to power approximately 18,000 households in Sweden. Through a long-term power purchase agreement signed in 2022, H&M Group, a Swedish fashion company, will procure 95% of the facility’s renewable energy output by 2030.
Neoen Sweden managing director Laetitia Prot said: “I would like to congratulate our partners Alight, H&M, Equans and Solkompaniet, E.ON, and the municipality for this great achievement. Hultsfred solar farm is our fourth asset entering into operation in Sweden, bringing the total capacity of the fleet to 304MW (including Storbränkullen wind farm, Storen Power Reserve, and Isbillen Power Reserve). With these three complementary technologies of solar, wind, and storage at scale, we are actively contributing to Sweden’s clean energy transition.”
Involvement in the project spans French and Swedish companies, covering ownership, construction, and energy procurement. Neoen CEO and chair Xavier Barbaro said: “It [the project] is a major milestone for Neoen and a reflection of our long-term commitment. Since 2020, we have invested almost €200m ($233.1m) in Sweden, and we look forward to deepening our contribution. We are proud to be playing an increasingly significant role in accelerating the energy transition here in Sweden and around the world.”
This milestone follows Neoen’s recent inauguration of Portugal’s largest solar park in Azambuja, 70km north of Lisbon, in June. The Hultsfred solar farm underscores the ongoing efforts of Neoen and Alight to advance renewable energy solutions globally.
