Renewable energy producer Sunly and Alseva group have signed an agreement for the construction of a solar park in Barkava, Madona region. Construction in Barkava is expected to start later this year, and the commissioning of the solar park with a capacity of 10.8 MW…
Energiasalv has acquired another EUR 11 million in additional financing for its EU Project of Common Interest (PCI project), the “Zero Terrain Paldiski” Pumped Hydro Energy Storage (PHS) plant in Estonia. The funding includes strategic investments from Alexela, Sunly, Combiwood Group, Warmeston, and Kiikri Kodu,…
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…
Estonian Fund for Nature (ELF) and renewable energy producer Sunly have signed an agreement to build the company’s Nurme solar park as a pilot area for biodiversity, where environmentally friendly methods are used for both construction and maintenance. The solar park is being built by…
Sunly, a Pan-Baltic & Polish independent power producer welcomes EBRD as a new minority investor with a 30-million-euro equity commitment for green energy development in the Baltic States and Poland. This completes Sunly’s capital raise started in 2022, making the total injected capital around 230…
Lili Kirikal has won the title of Most Influential CFO of the Year at the Pärnu Financial Conference held in Estonia. Lili’s leadership was highlighted as a special achievement by the judges who were unanimous in their decision. Thanks to the large-scale capital investments acquisitions,…
SEB Pank issued to Sunly, a company engaged in the development of renewable energy, a green guarantee in total amount of EUR 13 million, increasing thereby the green guarantee portfolio of SEB Estonia above the EUR 28 million limit. With the financing received, Sunly will…
The Baltic M&A and Private Equity Forum 2023 ceremony celebrated the most significant deals closed in the three states during last year. In 2022, Sunly raised €200M in capital investments, and acquired a 100% stake of Polish solar park developer Alseva.
Sunly City, a renewable energy solutions developer, and Telia Estonia signed an agreement whereby Sunly City will build solar stations to power one hundred Telia cell towers. Sunly will build solar stations next to Telia’s cell towers. Each solar station will comprise of 36 panels…
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…