Kaamos Group, a company of real-estate development, construction and the timber industry acquires a sixth of the renewable energy company Sunly Land. Both firms see potential for significant growth in the field of renewable energy.
“Kaamos Group is constantly looking for new innovative companies to invest in. Sunly’s team consists of renewable energy experts and strategic collaboration with them will allows us to expand into a promising energy industry, ”commented Marek Pohla, Chairman of the Board of Kaamos Group.
„The additional capital enables us to enter foreign markets more at full tilt. We are today actively present in the Polish solar power market, having just bought 12 new solar projects in addition to the 26 we had already acquired, but we have significant plans in other countries as well. The contribution from Kaamos will give a lot of momentum to this,” said Priit Lepasepp, the CEO of Sunly.
Kaamos Group is an Estonian capital-based company which has successfully operated for 17 years in the area of property development, construction and the timber industry. The company employs more than 300 people.