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Hultsfred from Neoen and Alight will power H&M

Hultsfred, a solar park in Sweden, co-developed and co-owned by Neoen and Alight, will supply electricity to H&M.

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Hultsfred, a solar park in Sweden, co-developed and co-owned by Neoen and Alight, will supply electricity to H&M.

A minimum power of 90MWp

Hultsfred will have a capacity of at least 90 MWp. Thus, the solar park will be able to produce annually the equivalent of the electricity consumption of more than 16,000 homes. In addition, the construction of the plant is expected to take place in the second half of 2023 before it is commissioned in 2025.

The Hultsfred solar park will benefit from low-carbon solar panels. In addition, the installation will take place around the runway at Hultsfred Airport in southeast Sweden. Moreover, if Alight co-develops and co-owns the park, Neoen is the majority shareholder.

The most important APP in Sweden

Neoen announces the signature of a PPA with H&M, the Swedish fashion group, for 90MWp. Under the terms of the contract, Hultsfred will bring H&M closer to its goal of 100% renewable energy supply. In addition, it is the largest solar PPA ever concluded in Sweden.

The H&M Group aims to reduce its carbon footprint by 2030 in absolute terms for its scope 1 and 2 emissions. For its scope 3 emissions, the company aims to reduce its emissions by 56% compared to 2019. In addition, the company aims to achieve a 100% renewable energy supply by 2030.

 

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