Axpo has facilitated a long-term transaction of renewable electricity produced by Soltech Energy Solutions and sold to the Egmont media group. In collaboration the parties have signed a seven-year corporate power purchase agreement for the construction of an 11 MW solar park, developed by Soltech Energy Solutions. The solar park is planned to be operational in the summer of 2024 and will be located in southern Sweden, near Falkenberg.

The installation will annually add around 11 GWh of renewable electricity to the grid, which corresponds to the average consumption of approximately 1,200 Nordic households. Egmont is the sole purchaser of the renewable electricity, and it will cover 50% of Egmont's electricity consumption in Sweden and Norway. Egmont has previously entered a PPA for a Danish solar park that started operations mid-2023 and will cover more than 90% of Egmont's electricity demand in Denmark.