Alight, a solar developer and independent power producer, has secured a £34 million (~$47 million) portfolio financing facility from SEB, a Swedish multinational investment bank and financial services group.
The Nordic company has been developing European behind-the-meter (BtM) solar projects built directly on or adjacent to customer sites, located on the consumer side of the utility meter.
These projects help lower electricity costs and improve customer energy security while also easing pressure on the public grid by generating power where it is used.
According to the company, the facility is expected to establish an efficient and scalable financing platform for its expanding portfolio, which comprises more than 50 MWp of large BtM projects in the U.K. and is expected to be commissioned no later than 2027.
“We are very pleased to deepen our collaboration with SEB,” said Warren Campbell, chief executive officer of Alight. “We are in a rapid growth phase in the BtM market in the UK and see massive interest from customers, given the financial and environmental benefits. This facility enables us to accelerate our rollout of BtM-projects to some of Europe’s leading companies and thereby together accelerate the green transition.”
Previously, SEB financed Alight’s utility-scale solar parks in Sweden with green loans and provided debt financing for the acquisition of Lidsø solar park in Denmark.
In May, Alight secured €46 million (~$48.07 million) of senior debt for its 100 MWp solar project in Eurajoki, Finland. The company signed the financing agreement with the banks ABN AMRO and SEB.
According to Mercom’s Annual and Q4 2025 Solar Funding and M&A report, large-scale project funding increased 37% in 2025 compared to 2024.
In January, Enery, an independent power producer in Central and Eastern Europe, secured more than €250 million (~$297 million) in long-term portfolio project financing with Československá obchodní banka.
