Svea Solar achieves operational profitability
This strong result in Europe's toughest market stems from team efforts and customer trust, marking just the beginning.
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Provider of solar and home energy systems
sveasolar.seLast updated
In short: Svea Solar reported operational profitability; its separated utility business secured €185 million and was renamed Primora.
This strong result in Europe's toughest market stems from team efforts and customer trust, marking just the beginning.
Operating profit improved by SEK 180 million in 2025 and a further SEK 70 million in 2026, driven by acquisitions, refinancing and divestments.
It is the first deal of its kind in the Nordics, backed by 2,500 Swedish homes with solar panels and batteries.
The financing from Eiffel Investment Group and Arkéa Asset Management will support the development, construction, and operation of solar and energy storage facilities in Sweden.
Altor-owned Svea Solar has recorded a loss every year since 2019, and the group's equity is practically wiped out. The company expects cash reserves to last until the first half of 2027.
Svea Solar Utility has secured €185 million (USS$215.4 million) in finance to support the development of Sweden’s largest solar PV project.
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