Harald Overholm is the CEO and co-founder of Alight, a leading Nordic solar developer and Independent Power Producer. Dr Overholm was previously a cleantech venture capitalist and earned his Ph.D. from the University of Cambridge with a thesis on solar diffusion and PPA. Founded in 2013 with an entirely subsidy-free business model, Alight develops and operates solar projects, onsite and offsite, across Europe. By 2030 Alight is set to have an installed capacity of at least 5 GW backed with solar PPA contracts. Alight is developing more than 1 GW of PPA-based projects across Sweden, with a further 170 MW under development across the rest of Europe.
Nordic countries have been instrumental in the development of wind power, yet remain largely unexplored for solar power. The potential of hybridisation is a large attraction for making the most of existing grid connections by adding solar to them.
Finland has seen interest in renewables development from “traditionalist” politicians who want to become energy independent from Russia.
There is a lot of interest in Sweden as a market due to an abundance of available marsh/bog land that has not yet been taken advantage of. However, Sweden’s newly elected government have recently abolished their Environment ministry, it remains to be seen what the impact on the renewable power industry will be from such wholesale changes.
Norway’s government have not set a specific solar capacity target (as of April 2022), but it is understood that capacity could reach 10TWh of annual solar power production by 2030.
Denmark have targeted 3.4GW of solar capacity by 2030, having already exceeded 2020 capacity targets.