French independent power producer (IPP) Neoen and Swedish solar developer Alight said this morning they have begun joint development and ownership of the 100 MW Hultsfred solar project in Småland, Sweden.

The project will install low-carbon photovoltaic panels around the runway of Hultsfred Airport and connect it to E.ON, Germany's largest electricity supplier. The CEO of E.ON Energidistribution pointed out that this is very important to ensure the power supply in southern Sweden.

The developer plans to put the project into operation from 2025 and sell 95% of the electricity to H&M Group through a long-term power purchase agreement to support the retailer's renewable energy goals. The exact purpose of the power supply has not yet been determined.