H&M Contracts 95% of Hultsfred Solar Farm Output

H&M now sources nearly all renewable electricity from Sweden's largest solar farm. The fashion giant secured 95% of the Hultsfred Solar Farm's output through a power purchase agreement. This deal, finalized in 2022 with Neoen and Alight, supports H&M's 2030 sustainability targets. The solar farm, operational since last week, spans 130 hectares and houses 174,000 solar panels. It is projected to generate 100 gigawatt-hours of clean energy annually. This capacity is sufficient to power approximately 18,000 Swedish homes. The Hultsfred facility boasts an installed capacity of 100 megawatts. Its launch marks a significant step in Sweden's energy transition. Alight CEO Warren Campbell noted the project's success in delivering large-scale, unsubsidized renewable power. H&M aims to power its global operations with renewable electricity by 2030. At least half of this energy will come from direct power purchase agreements.