The capital raise includes investments from Sunly’s existing shareholders and Mirova, an affiliate of Natixis Investment Managers and French leading asset manager dedicated to sustainable investing which becomes the largest investor.

Sunly will use the capital according to the 2-year investment plan that foresees further development of its 17.9 GW pipeline of solar and wind power in the Baltic States and Poland.

Priit Lepasepp, CEO and co-founder of Sunly, comments: “We are extremely grateful for the trust of both existing and new investors. This is great news for our community of partners and employees. We will advance and build solar and wind farms, which helps the current energy crises
we are all experiencing. Sunly’s projects will contribute to lower power prices and increased energy security.”

You can now read the full press release at the link below