International
Sunly develops 17.9GW of solar PV and wind power pipelines in the Baltic Sea
Seetao 2022-10-17 09:39
  • Sunly raised US $200 million in advance to expand its renewable energy portfolio in the Baltic Sea and Poland
  • The focus will be on solar energy and energy storage projects in Poland, Bulgaria, Romania, Greece and Hungary
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Sunly, an independent power producer, raised 200 million euros to build and expand its renewable energy portfolio in the Baltic Sea and Poland. With the capital raising, IPP, headquartered in Estonia, welcomed Mirova, a French asset management company, as a new investor. It has also become the largest investor, and no investor holds a majority stake in IPP.

The company's two-year investment plan is expected to further develop 17.9GW of solar photovoltaic and wind power pipelines in the Baltic Sea and Poland, and this fund will be used according to the plan. At present, the company has 49MW of solar photovoltaic operating assets, and another 173MW of solar power generation capacity is under construction. In order to expand its portfolio, Sunly will also increase the number of employees from 135 to 400 in the next few years.

Rapha ö l Lance, head of Mirova Energy Transition Infrastructure Fund, said that we are willing to expand the scale and set the highest standards in terms of sustainability. We are convinced of the potential of the Baltic countries and Poland in energy transition. In early 2022, Mirova acquired SunFunder, a solar financing business, to expand its investment platform in emerging markets. Keywords: overseas news, engineering news

Solar Media will hold the second large-scale solar CEE in Warsaw, Poland, from November 8 to 9. The event will focus on Eastern Europe, and a series of symposiums will be held by industry leaders responsible for the construction of solar energy and energy storage projects in Poland, Bulgaria, Romania, Greece and Hungary.Editor/Xing Wentao

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