DLA Piper has advised Autoliv on two Virtual Power Purchase Agreements with renewable electricity producers Alight and Eurowind Energy.
Autoliv is an automotive safety supplier. According to DLA Piper, the two VPPAs – comprising a 100-megawatt-peak solar park in Eurajoki, Finland, and a 48-megawatt wind park in Romania – provide a combined renewable capacity of 148 megawatts. The VPPAs, which span 12 years (from 2027 to 2039), secure a long-term supply of clean electricity for Autoliv’s operations while combining solar and wind technologies to optimize energy generation throughout the day and night.
Moreover, DLA Piper reports that the 100-megawatt-peak solar park in Eurajoki is projected to produce 100 gigawatt-hours annually – meeting the electricity needs of approximately 20,000 households – with construction scheduled to begin this spring and operations commencing in 2026. Meanwhile, the 48-megawatt wind park in Romania is expected to generate approximately 176 gigawatt-hours annually, with an operational target set for 2027.
The DLA Piper team included Romania-based Partner Paula Corban, Managing Associate Teodor Sabau, and Counsel Georgiana Stan with further team members in London, Leeds, and Finland.
DLA Piper did not respond to our inquiry on the matter.
