Niam has, through its infrastructure fund secured additional large scale solar projects under the framework agreement with Solkompaniet and the development portfolio now comprise some 300 MW. This corresponds to a potential investment volume of approx. SEK 2 billion. Once commissioned, the solar parks could produce 300 GWh of electricity p.a. corresponding to the electricity use of 72,000 households in central and southern Sweden, e.g. in areas with electricity supply shortage. The goal to develop and build solar parks of up to 500 MW together with Solkompaniet remains.
Since entering into the framework agreement in the spring of 2022, Niam has secured 5 large scale solar projects with a combined potential of up to approx. 300 MW. The portfolio is well diversified both geographically and by land classification. All projects are situated in the southern part of Sweden with excellent conditions for solar power including good access to grid infrastructure. The projects are located in price area 3 and 4 in the counties of Skåne, Östergötland, Västergötland and Kronoberg. The projects are expected to reach ready-to-build during 2024 and 2025 with commissioning of the first project expected around the turn of the year 2026/27.
Sweden has in the last few years experienced a boom for roof-top solar installations with homeowners accounting for half of the installed power. The expansion of large scale solar is now also gaining momentum with significant potential ahead. The situation experienced in the electricity market in recent years demonstrates that the need for new electricity production is massive in the central and southern parts of Sweden. In addition, electricity consumption is expected to double driven by electrification of industry and transport. Solar power can relatively quickly strengthen the Swedish energy system in places where the electricity is needed the most. The industry estimates that 30 TWh of solar power could be commissioned by 2030, of which 18 TWh generated by large scale solar parks.
“Niam’s goal is to initiate the development of additional solar parks under the framework agreement in the coming years and thereby grow and diversify the portfolio even further”, says Sverker Åkerblom, CEO of Niam Infrastructure.
“Through these investments Niam shows that solar parks will be a part of the Swedish energy system going forward. The construction period for a large solar park is just 6 to 12 months. Critical to enable a quick deployment is to shorten the permitting and grid connection processes”, says Axel Alm, CEO of Solkompaniet.
About Niam Infrastructure
At Niam, we are committed to equity in action – as a leading real asset manager in northern Europe, we make a meaningful difference by putting capital to work. Building on more than 25 years of trusted experience and outstanding track record, we unite leading expertise to unlock smarter investments in real estate, infrastructure and credit strategies. We are a team of specialists with a passion to perform and deliver sustainable value to our stakeholders.
Niam Infrastructure focuses on sustainable investments within renewable energy, transport and telecom in the Nordics and northern Europe. The platform's first fund concentrates on small to medium-sized investments with a focus on asset aggregation and risk reduction in primarily sustainable infrastructure.
For more information, please visit www.niam.com.
Solkompaniet is a leading Swedish company within large scale solar. We develop, construct and manage solar parks and roof top solar installations for land- and property owners as well as for businesses looking to increase return on investment and contribute to the energy transition. With more than 20 years in the business and thousands of delivered solar projects we are a trusted partner for our customers. The Axel Johnson Group is the majority owner of Solkompaniet through AxSol, Axel Johnson’s investment vehicle within solar and distributed energy. Solkompaniet has 240 employees with a turnover of SEK 780 million in 2022. For more information please visit www.solkompaniet.se
At Niam, we are committed to equity in action – as a leading real asset manager in northern Europe, we make a meaningful difference by putting capital to work. Building on more than 25 years of trusted experience and outstanding track record, we unite leading expertise to unlock smarter investments in real estate, infrastructure and credit strategies. We are a team of specialists with a passion to perform. While delivering better solutions for our stakeholders, we also thrive in creating sustainable value in our surrounding local communities. Niam has offices in Stockholm, Helsinki, Oslo, Copenhagen and Luxembourg. For more information, please visit www.niam.com