Led · Debt Financing · Aug 2024

Sunly develops, owns, and operates renewable energy assets, focusing on solar PV and wind installations in the Baltic states and Poland. The company currently has 49 MW of solar PV in operation and a further 173 MW under construction. Its forward pipeline totals 17.9 GW of planned solar and wind capacity, underpinning an ambitious two-year investment plan. To execute on this pipeline, Sunly intends to grow its workforce from 135 to about 400 employees. The firm’s business model centers on greenfield development and ownership of renewable generation assets, positioning it as a key regional player in the energy transition. Recent funding has strengthened its balance sheet and brought in a new majority shareholder, giving Sunly the resources to accelerate build-out while maintaining stringent sustainability standards.