Niam Infra Fund has acquired a majority stake in Bright Sunday. With Niam Infra Fund’s support, Bright Sunday will get the financial capacity to offer attractively priced solar-as-a-service PPAs to commercial and industrial customers across Europe.
Sverker Åkerblom, CEO of Niam Infra Fund, says: “We are very impressed by Bright Sunday’s business model and ability to build a multi-market presence in the solar-as-a-service industry. With Bright Sunday we plan to build a €100m portfolio over the coming years across multiple markets in Europe.”
Niklas Engström, CEO of Bright Sunday, says: ”I am very proud of Bright Sunday’s journey so far and with Niam Infra Fund as a majority owner we will get the financial muscles needed to accelerate our growth across Europe. We already have a portfolio of close to 70 solar PV installations and together with existing and new EPC partners we will be able to help even more customers to increase their competitiveness by cutting costs and CO2 emissions.”
Existing management will remain as shareholders in the company.
Bright Sunday’s mission is to cut CO2 emissions by making the cleantech transformation easy and profitable for commercial and industrial customers. We offer solar PV electricity as a service with zero upfront investments and savings from day one. Bright Sunday is headquartered in Stockholm with offices in Spain and Portugal.
Niam invests in real assets in the Nordics and Europe with a focus on real estate and infrastructure. Through our infrastructure platform Niam Infrastructure, we see great opportunities and value in sustainable investments, and we strive to be part of the driving force for a greener and more sustainable future. This is achieved through innovation, deep knowledge and close collaboration with our partners. For more information, please visit www.niam.se/en