Sunly has secured €300 million from Scandinavian and French investors to develop 1.3 GW of solar, wind, storage, and hybrid energy parks. This funding comes from Rivage Investment, a French fund focused on climate solutions; Copenhagen Infrastructure Partners (CIP), through the Green Credit I fund; and Norway’s KLP pension fund.
Furthermore, the company announced that one of the initial projects funded is the 244 MW Ristil solar park, which will later incorporate wind turbines and batteries. Construction will also begin on four solar parks in Latvia, totaling 553 MW, with plans to add wind turbines, batteries, or both in the future. The 1.3 GW portfolio includes large hybrid solar farms in Lithuania and various solar farms in Poland.
This financing supports Sunly’s aim to develop solar and wind farms totaling 4.6 GW with storage technology in Poland and the Baltics by 2030. Sunly is a Europe-based renewable energy producer focused on developing and operating projects, particularly in the Baltics and Poland. Along with investing in electrification startups, its main focus lies on renewable energy production which is essential for achieving regional climate, energy security, and affordability objectives.
