Alight, a Swedish solar energy company, has secured a multi-million euro grant to develop a major solar power park in Finland. This project, co-developed with Finnish renewable firm 3Flash, is poised to significantly increase the country’s solar energy capacity and support Europe’s broader climate ambitions.
The Finland Solar Park Grant Will Create 200 Jobs
Alight has received a significant financial boost for its Finnish operations through the European Commission’s Innovation Fund. The grant will support the development of a pioneering solar power park in Loviisa, Finland, a project set to substantially increase the country’s renewable energy generation.
The solar park is expected to have a production capacity of around 100 megawatts (MW) and generate approximately 155 GWh of clean electricity annually. This output is estimated to be enough to power around 20,000 homes, making a tangible contribution to the region’s energy needs. Furthermore, the project is anticipated to create around 200 jobs during its construction phase, providing a welcome boost to local economic development.
The decision to award the grant underscores a commitment to expanding cutting-edge renewable energy infrastructure. This project is a key part of the ongoing solar expansion Finland is experiencing and will play a crucial role in achieving the nation’s renewable energy targets.
Alight Secures EU Innovation Fund Finland Solar Park Grant
Alight announced that it had been awarded a substantial grant of up to EUR 30 million from the EU Innovation Fund. This funding is part of a broader European effort to support the development of innovative, large-scale clean energy projects that can be replicated across the continent.
Henrik Henriksson, CEO of Alight, expressed gratitude for the support, highlighting its importance in moving the project forward. “We are grateful for the support from the Finnish government and are thrilled to take another step forward in our solar projects in Finland,” Henriksson said, acknowledging the collaborative effort.
This grant reinforces Alight’s strategy to expand its presence in Finland, where the company’s first solar park is already under construction and expected to become operational in 2025. The new EU-funded solar park in Loviisa will further strengthen Alight’s position in the dynamic Finnish renewable energy market.
Finland’s Commitment to Renewable Energy with Solar Park Grant
The Finnish government has been actively promoting renewable energy as a cornerstone of its climate goals. By fostering an environment that attracts projects like Alight’s solar park, Finland aims to reduce its reliance on fossil fuels and increase the share of renewables in its energy mix. The growth is not limited to large-scale parks; the market for Finland solar panels has seen remarkable expansion across residential and industrial sectors as well.
This trend has attracted other international investors, with companies like FRV building a 600MW solar plant in the country, signaling strong confidence in the market. The successful development of these parks involves a complex supply chain and deep knowledge of the basics of manufacturing and installation.
The grant for Alight’s solar park is a significant step towards achieving these goals. The park’s clean energy generation will contribute directly to Finland’s renewable energy capacity, helping the country move closer to its ambitious target of becoming carbon neutral by 2035. You can explore the country’s industrial capabilities in our detailed Finland Solar Panel Manufacturing Report.
Alight’s project is not just a win for the company but also for Finland’s renewable energy ambitions and Europe’s green transition. The grant will enable Alight to accelerate its solar power development, contributing to a more sustainable future.
To learn more about the intricacies of bringing solar power from the factory to the field, consider enrolling in our free e-course on solar panel manufacturing.
