Sunly raised €300M in debt financing led by Rivage Investment to accelerate the construction of renewable energy projects in the Baltics and Poland.

Aug 29, 2024•over 1 year ago

Amount Raised

€300 Million

TallinnClean EnergySolarRenewable EnergyEnergy

Investors

Kommunal LandspensjonskasseCopenhagen Infrastructure PartnersRivage Investment

Description

Sunly, an Estonian renewable energy producer, has secured €300 million in debt financing to boost its renewable energy projects portfolio across the Baltics and Poland. This investment will facilitate the construction of 1.3 GW of solar, wind, storage, and hybrid parks by the end of 2026.

Company Information

Company

Sunly

Location

Tallinn, Harju Maakond, Estonia

About

Sunly is an Estonian renewable energy producer focused on developing integrated hybrid parks that combine wind, solar, and energy storage. The company aims to enhance regional energy security and operational efficiency, benefiting large industrial clients with high energy consumption. By stabilizing energy production and reducing grid connectivity charges, Sunly supports the transition to clean energy and optimizes the use of local renewable resources. Their portfolio includes various solar, wind, storage, and hybrid parks across the Baltics and Poland.

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