We advised Sunly, a renewable energy producer, on raising EUR 60 million from existing shareholders, including the European Bank for Reconstruction and Development (EBRD), Mirova, and Vardar. This funding follows Sunly’s 300 million EUR debt financing round in August 2024.
One of the shareholders, Grzegorz Zielinski, EBRD’s Head of Energy Europe, commented on EBRD’s support for clean energy development as a priority: “Participation in Sunly confirms our commitment to a sustainable future.”
Supporting hybrid parks in the Baltic states
The newly secured investment will support the development of hybrid parks across the Baltics. By the end of 2025, Sunly’s portfolio will have grown to 1.6 GW, featuring hybrid solar parks in the Baltics and solar parks in Poland.
Our services and client team
We assisted the client throughout the transaction, including the preparation of documents. Our client team was led by counsel Mirell Prosa, who was supported by partner Toomas Prangli and associate Kadri Puu.
