Sunly 2024 Annual Report: Twice as Much Clean Energy Produced as in the Previous Year

Sunly produced 217 GWh of clean energy in 2024, which is more than twice as much as the year before. Additionally, the capacity of operating parks increased from 164 MW to 334 MW. Read the full report HERE. According to Sunly's Chairman of the Board Martin Kruus, both in 2024 and today, the foc...

1 minute read27. juuni 2025
1 minute read27. juuni 2025
Environmental Impact Assessment Program for Tuul Energy Offshore Wind Farm received the green light

Environmental Impact Assessment Program for Tuul Energy Offshore Wind Farm received the green light

Tuul Energy is pleased to announce that the Environmental Impact Assessment (EIA) program for its offshore wind farm project has been officially approved by the Estonian Consumer Protection and Technical Regulatory Authority (CPTRA). This marks a crucial step for Tuul Energy project, a joint in...

1 minute read25. juuni 2025
Sunly’s “Kurzeme” Wind Park and related projects granted LIAA Priority Investment Project status

Sunly’s “Kurzeme” Wind Park and related projects granted LIAA Priority Investment Project status

​The Latvian Investment and Development Agency (LIAA) has granted Priority Investment Project status to Sunly’s planned wind and solar energy projects in Saldus Municipality’s Zirņi Parish and Kuldīga Municipality’s Skrunda Parish. The plans include the development of a wind park with a capacity of...

1 minute read13. juuni 2025
Sunly Projects in the Baltics: Spotlight on Barkava’s 81 MW Park
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Future-Ready Energy in Põhja-Pärnumaa: Solar Power and Storage Come Together
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Sunly Community Day: Honest Talks on Wind Energy and Its Impact
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Sunly, Deep Wind Offshore, and VALOREM Group join forces for offshore wind project Tuul Energy in Estonia
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Sunly Projects in Poland: Spotlight on Solar Park Rzezawa 60
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Sunly Projects in the Baltics: Spotlight on Valmiera’s 54 MW Park
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Prince William visited Sunly to discuss energy security and hybrid renewable parks

Prince William visited Sunly to discuss energy security and hybrid renewable parks

​Prince William visited Sunly to examine how hybrid energy parks are strengthening energy security and reducing reliance on fossil fuels. The visit, part of his tour including meetings with British troops under NATO's Operation Cabrit, comes weeks after the Baltic states permanently disconnecte...

1 minute read21. märts 2025
Estonia to expand solar-power production with €62 million EIB, SEB and Luminor loan to renewables company Sunly
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Sunly to Build a €7 Million Battery Storage Unit at Raba Solar Park
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Sunly's Risti Energy Park received a building permit for a battery with nationwide impact
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Desyncing the Baltics! How? When? And Why Should You Care?
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Sunly begins providing the fastest frequency reserves in Estonia
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Sunly secures solar parks of 152 MW at government auctions in Poland
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Sunly Tests Technology in Aasanurme for the Baltics’ Largest Solar Park at Risti

Sunly Tests Technology in Aasanurme for the Baltics’ Largest Solar Park at Risti

The Aasanurme solar park, located in Peipsiääre municipality, has begun production, marking the first time Sunly is testing a tracker system that allows solar panels to follow the sun's movement throughout the day. This same technology will also be used in the 244 MW solar park at Risti, which will...

1 minute read18. detsember 2024
Sunly raised 60 mEUR in equity funding from current investors
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Valga Municipality and Sunly Agree on Local Benefits of Herro Wind Park
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Sunly Begins Construction of the Largest Solar Park in the Baltics at Risti, Estonia
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Fund Ehitus looks towards a more sustainable future with new developments
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Alutaguse Municipality and Sunly Agree on Local Benefits for the Alutaguse Wind Park
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Sunly Starts Construction of 3 Large Solar Parks in Latvia, Providing Clean Energy for 118.000 Households
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Sunly's Integration into the continental European frequency control platform Increases Energy Security in Estonia

Sunly's Integration into the continental European frequency control platform Increases Energy Security in Estonia

In mid-October, Sunly began offering a manual frequency restoration reserve (mFRR) to the Continental Europe frequency management platform, which supports Estonia's supply security as the country prepares to desynchronise from the Russian power grid in February. Sunly is a qualified market participa...

1 minute read23. oktoober 2024
Provocative and inspiring art also helps to innovate in the field of renewable energy
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Silen Office Pods March Towards Net Zero with Local Renewable Energy
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Sunly, a renewable energy producer, raises €300 million to strengthen energy security and supercharge renewable projects across the Baltics and Poland
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Sunly. Energy, but renewable – lets disrupt the image of renewable energy
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Sunly’s Wind Turbine Project in Latvia Secures Priority Status from LIAA
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Watt’s in It for You? 5 Advantages of Renewable Energy for Businesses
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Sunly’s co-founder and Chairman of the Supervisory Board Martin Kruus: “Our goal is to build a sustainable future through responsible business practices”

Sunly’s co-founder and Chairman of the Supervisory Board Martin Kruus: “Our goal is to build a sustainable future through responsible business practices”

Sunly has published our Annual Report for 2023. In addition to our financial year highlights you can find there an interview with one of our founders and the current Chairman of the Supervisory Board, Martin Kruus. Sunly’s Annual report is available for reading here.   How would you describe Su...

1 minute read9. juuli 2024
Sunly’s co-founder and CEO Priit Lepasepp: “Even when the economy is moving towards more difficult times, it is still important to invest in growth and innovation”
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Sunly Released Annual Report Highlighting 2023 Achievements
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Minister of Climate and Energy Together with Madona Municipality Representatives Visits Sunly Solar Project in Barkava
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Hybrid parks – the next big energy trend
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Sunly brings solar and wind communities together under one roof  
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Sunly Infra and Alseva Sp.z.o.o. have merged to form a new entity called Sunly Assets
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Sunly begins sharing revenue from large solar parks with communities  

Sunly begins sharing revenue from large solar parks with communities  

Sunly Estonia starts paying a solar park fee to Estonian municipalities to share the parks’ revenue with local communities. The first agreement was signed with Lääne-Nigula municipality in Risti on 17 May. The company plans to follow the same policy for its next large solar parks.  Sunly and Lää...

1 minute read20. mai 2024
Sunly in Latvia participates in a waste picking campaign and plants bee-friendly plants around the solar park 
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Future electricity market requires storage solutions 
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Sunly wins auction of Latvia’s State Forests and continues work on wind park development in Kurzeme
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Sunly and Metsagrupp are constructing the largest 244 MW solar park in the Baltics 
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Sunly has commenced generating electricity in Latvia
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Sunly secures €66 million for the construction of solar parks in Poland 
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Sunly secured 40 000 EUR funding to develop an artificial intelligence pilot project at Tehnopol’s AI workshop

Sunly secured 40 000 EUR funding to develop an artificial intelligence pilot project at Tehnopol’s AI workshop

The article was published by Tehnopol on 23th of January, 2024.Seven companies, including Sunly, received funding for the development of their projects in an artificial intelligence workshop organized by the Science and Business park Tehnopol. Sunly received an investment of 40.000 euros to imp...

1 minute read24. jaanuar 2024
Swedbank is Financing the Construction of Six Sunly Solar Parks in Latvia with 22 Million Euros
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Why is Pikkori PV Park so Innovative?
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Charting Success: Cleantech Forum Highlights the Crucial Role of Marketing and Constructors
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Sunly Launches the Largest Solar Battery Hybrid Park in Estonia
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Sunly’s Roots: Powering Innovation for a Greener Tomorrow – Our Commitment to Cleantech Forum Europe 2023
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Sunly and KOOS.io Launch New Community Engagement Program for Wind Farm Development 
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Sunly Launches 60 MW Solar Park Near Krakow After Investing 33 Million Euros  

Sunly Launches 60 MW Solar Park Near Krakow After Investing 33 Million Euros  

6th of September marked the launch of the 60 MW Rzezawa solar park near Krakow, following a 33-million-euro investment. As one of Poland’s largest solar parks, it represents Sunly’s most significant endeavor in the country to date. In August, the electricity generated by Rzezawa accounted for 4...

1 minute read6. september 2023
Sunly X Opinion Festival 
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Sunly x Metsagrupp building one of the largest solar parks in Estonia
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Largest Solar Park Planned in Kaišiadorys for Prosumers 
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Sunly and Alseva sign agreement to construct a solar park in Latvia
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Energiasalv Secures €11m Additional funding for its Energy Storage Project
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State supports implementation of Sunly’s energy storage pilot projects
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Sunly’s Annual Report 2022 now published

Sunly’s Annual Report 2022 now published

2022 was an eventful and forward-pushing year for Sunly. We multiplied our pipeline, raised even more capital, and expanded our team. Mirova became a new investor in Sunly, thus completing the first phase of our €200m capital raise. Mirova is a conviction-based French asset management dedica...

1 minute read3. juuli 2023
Estonia will have its first biodiversity-supporting solar park
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Sunly receives a 30-million-euro investment from EBRD  
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Sunly’s Lili Kirikal was chosen as the best CFO in Estonia
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SEB financed the expansion of Sunly to Latvian and Lithuanian markets through green guarantees
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Sunly won Baltic Energy Deal of the Year
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Sunly City Solar Parks to Power 100 Telia Cell Towers
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Sunly to relocate to new headquarters in Tallinn  

Sunly to relocate to new headquarters in Tallinn  

Sunly is moving its headquarter to a new 2,000 m2 office in the Telliskivi district. The K-building, which will be completed by the end of the year, is currently being reconstructed and becoming a modern and energy-efficient office building with a rooftop solar park.   “We are happy to have foun...

1 minute read10. aprill 2023
Sunly ja Solarstone support a kindergarten in Ukraine with an energy security solution
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Experience the Convenience, Sustainability, and Value of Solarstone’s Solar Carport
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Sunly joins forces with EES-Ringlus to promote waste management and the circular economy in Estonia
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Estonia’s first energy storage project gets green light for construction
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Sunly powers energy innovation
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Sunly supports construction of the next-generation solar car in Baltic States
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We are taking steps towards solar panels recycling

We are taking steps towards solar panels recycling

The article was published in Business Insider on 25th of October, 2022. Alseva Group – Sunly’s Polish solar power constructor company has signed a Letter of Intent with Biosystem Elektrorecykling to start cooperation in the field of used PV panels recycling. Partners’ activity profiles, technica...

1 minute read4. november 2022
Investing in Switch, the one-stop solution for EV charging networks
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Sunly raises 200 million euros and welcomes Mirova as a new investor 
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Sunly City installs a solar park on the roof of Kai Art Center 
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Amperio – Sunly’s first non-Estonian startup investment
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Themo raises 650k€ to scale up energy flexibility services
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Where do all the solar panels go in the end life?
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OPEN CALL! Beamline Accelerator batch #3

OPEN CALL! Beamline Accelerator batch #3

Beamline Accelerator is inviting all cleantech startups TO APPLY to a new batch launching on 26th of September 2022! Beamline by Cleantech Estonia and Sunly exists to meet the needs of the market – there is a sudden growth in the number of cleantech startups and segments, but only generic accele...

1 minute read18. august 2022
Solar parks will enable Elisa’s cell towers to use more green energy
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Estonian President pays a visit to Sunly & Cleantech Estonia 
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How Sunly people use our startups products? 
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Solar roofing manufacturer Solarstone raises €10 million
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Port of Tallinn and Sunly agreed on cooperation in offshore wind
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Lithuania sees renewable energy as a way out of Russian gas
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Faster, safer & greener last-mile solution delivered by Vok Bikes 

Faster, safer & greener last-mile solution delivered by Vok Bikes 

Last mile delivery is a polluting process when done by a car in a busy city. When done by bike, It’s extremely hard work. Vok Bikes uses the best of both worlds, making last-mile deliveries sustainable without sacrificing delivery capacity or comfort. Vok achieves this with their unique and intuiti...

1 minute read22. juuni 2022
Green transition – a promising field where your work has a bigger meaning
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Joint venture of Sunly and Scener offers balancing services in Poland 
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News from Rexplorer: One-click Solar Calculator – a novelty from Rexplorer  
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How Sunly’s startups could solve YOUR problem?  
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HelioRec’s story – from Beamline Accelerator to first paid projects 
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Social acceptance – a key to the multiscale wind energy adoption  
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Can energy storage be renewable? UP Catalyst says yes by converting CO2 from “enemy to ally”

Can energy storage be renewable? UP Catalyst says yes by converting CO2 from “enemy to ally”

Sunly’s most recent investment was in deep technology startup UP Catalyst. A startup that managed to kill two birds with one stone – CO2 capture & transforming that waste product into carbon materials to be used in many applications like energy storage, construction, transport, and electronics....

1 minute read26. aprill 2022
Alexela purchases electricity from three Sunly’s solar power parks 
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Sunly and Eiffel Investment Group announce an €11m bridge facility
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Sunly Announces Acquisition Closing, Acquiring 100% Stake in Alseva Group 
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One small leap for individual, one giant leap for energy security 
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K2 Management to advise Baltic offshore wind developer, Sunly
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Sunly becomes an independent power producer, after completing its merger process  
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Sunly to raise EUR 150m in equity funding ahead of mid-term listing

Sunly to raise EUR 150m in equity funding ahead of mid-term listing

By Mergermarket • JANUARY 18, 2022 Sunly, an Estonian renewable energy company, is looking to raise EUR 150m in equity funding by June 2022, CEO and founder Priit Lepasepp told this news service. The company will offer an unspecified minority stake in exchange for an investment, he said, declini...

1 minute read31. jaanuar 2022
Sunly and Alseva combine for Polish solar pipeline
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Sunly joins forces with Polish solar power developer Alseva Group
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Planet Positive Startups – Looking Back on 2021 and Forward to 2022
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Sunly wins 51 MW of solar power in Polish auctions
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Solarstone celebrates installing its 500th solar roof
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Sunly raised 28 million euros
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Cleantech Estonia & Sunly open the Estonian Cleantech Demo Centre

Cleantech Estonia & Sunly open the Estonian Cleantech Demo Centre

Cleantech Estonia & Sunly have created a Cleantech Demo Centre for promoting Estonian sustainable technology. It provides a space where cleantech startups, their products and services can be exhibited and introduced. More than...

1 minute read18. märts 2021
How to plan and develop renewable energy hassle-free? Ask Rexplorer!
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New international cleantech accelerator starts at Port of Power
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Landowners & Sunly founded joint ventures to develop renewable energy
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LHV pension funds to invest in renewable energy company Sunly
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SEB granted the first green loan of EUR 1.7 million to the energy company Sunly for the construction of solar parks
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Metsagrupp starts to develop wind power in cooperation with Sunly
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Shoulder to Shoulder

Shoulder to Shoulder

This year’s Opinion Festival provided an unique opportunity to get involved in the construction of a solar farm. We invited people to help us out with Sunly’s Järve solar farm in Kriilevälja situated near Paide in the middle of Estonia. During the workshop, we installed solar panels on the frame...

1 minute read3. september 2020
Additional grant from the Green ICT programme
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European Energy Data Access Pilots 2020
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Grant from the Green ICT programme
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