TM & Partners has assisted Bright Sunday in its acquisition of a solar asset portfolio from Alight and Infranode

TM & Partners has assisted Bright Sunday in the acquisition of a portfolio of 36 rooftop solar installations in Sweden from Alight and Infranode. The portfolio supplies renewable electricity to the businesses, housing cooperatives and public buildings the installations sit on, and includes Sweden’s first solar installations with long-term power purchase agreements (PPAs).

Alight is a leading solar developer and power producer, and Infranode is a leading Nordic infrastructure investor and a partner to Alight since 2017. Through the divistment, Alight focuses its Swedish business towards large-scale solar parks and battery storage, while Infranode streamlines its portfolio and frees up capital for new projects.

For customers, the deal means the installations move to an owner whose core business is behind-the-meter batteries and solar. The existing agreements transfer with the installations, and Bright Sunday becomes the customers’ new contract party and point of contact. The acquisition is a strong start as Bright Sunday re-establishes itself as a leading player in the Nordic market for behind-the-meter solar and batteries.

For more information on the transaction, please be referred to Solenerginyheter

TM & Partners’ team comprised:
Philip Rämsell (Partner)
Johan Aronsson (Senior Associate)
Selma Horgby (Associate)
Sara Hargö (Legal Assistant)

Bright Sunday is a Swedish company that finances and owns renewable energy solutions for businesses and the public sector. The company has offered solar-as-a-service since 2016.

TM & Partners is one of Sweden’s leading commercial law firms, specializing in transaction advice and financing as well as other qualified commercial law services.

For more information, please contact:
Philip Rämsell
Partner
e-mail: philip.ramsell@tmpartners.se
Tel: (+46)73 520 74 68