Alight, a leading Nordic solar developer and independent power producer, and Autoliv, the world’s largest automotive safety supplier, have signed a power purchase agreement (PPA) to build a 100 MWp solar park in Eurajoki, Finland — making it the largest solar PPA in Finland announced to date.

Under the cross-border PPA, Alight will finance, construct, own, and operate the solar facility, while Autoliv will contract a majority of the clean electricity produced to secure a long-term supply at a stable, low price. This collaboration enables the addition of new renewable energy capacity to the Finnish grid, while also advancing Autoliv’s sustainability ambitions.

In 2021, Autoliv pledged to achieve carbon neutrality in its operations by 2030. This solar PPA with Alight represents a significant step forward in achieving Autoliv’s ambitions and underscores its position as a sustainability leader in the automotive industry.

Alight recently secured €46 million of senior debt from SEB and ABN AMRO to finance the solar park. When operational in 2026, it is projected to produce 100 GWh annually, equivalent to the electricity needs of approximately 20,000 households.* Construction will begin this spring and upon completion, the facility will be among Finland’s largest solar parks, helping to secure energy independence for the nation.

Warren Campbell, CEO at Alight, says:
“Solar power has a great potential to transform the Finnish energy landscape by complimenting its wind production, and we’re proud that together with Autoliv, we are announcing the largest solar PPA in Finland. By combining its sustainability leadership with our expertise in solar development, we are jointly making significant strides toward a low-carbon future.”

Kaisa Tarna-Mani, Vice President of Sustainability at Autoliv, says:
“At Autoliv, we are committed to operating our business in an environmentally sustainable manner while delivering world-class products to our customers. With a focus on renewable electricity, we see Virtual Power Purchase Agreements as a strategic cornerstone of our low-carbon operations.”

*Based on 5,000 kWh per household