Alight completes a EUR 110 million portfolio debt financing

Alight has reached financial close on an innovative senior portfolio debt financing facility provided by Rabobank. The facility provides Alight up to EUR 110 million of financing to build, own and operate approximately 220 MW of small to medium-sized solar parks in Sweden, further strengthening its position in the market. The first three projects to be financed under the facility are located in Halland, Södermanland and Uppland.

Alight is a leading solar developer and independent power producer, co-founded in 2013 to usher in a new era of solar power to businesses seeking to go greener. With an entirely subsidy-free business model, Alight develops, owns and operates solar projects, onsite and offsite, across Europe.

Alight was represented in the transaction by Mannheimer Swartling.

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