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Sunly gains European Investment Bank backing
We advised Sunly, a renewable energy producer, on securing a EUR 62 million loan from the European Investment Bank (EIB) and local commercial banks SEB Pank and Luminor Bank. This funding will be used to build and operate a solar park, accelerating the Baltic region’s transition to green energy and strengthening electricity independence. The EIB […]
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Sunly raises EUR 300 million to expand its production capacity
We advised Sunly, a renewable energy producer, on raising EUR 300 million from Scandinavian and French investors for the construction of solar, wind, storage, and hybrid parks with a total capacity of 1.3 GW. The investment will be used to build large-scale hybrid parks in the Baltics and Poland, contributing to the availability of renewable […]
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Sorainen assists the government in creating a “green corridor” to accelerate investments
The Ministry of Economic Affairs and Communications contracted us to analyse Estonia’s administrative procedures and make proposals to streamline the relevant processes. The analysis, titled “Streamlining Investment Procedures (for New Businesses and Establishments)”, examines the possibilities of creating a “green corridor” to encourage high value-added investment by cutting red tape and shortening the time required […]
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Energiasalv assessed the environmental sustainability of the project
We advised Energiasalv, the developer of Estonia’s first large-scale energy storage system, in relation to the framework for facilitating sustainable investment in the European Union (the so-called EU Taxonomy Regulation). An important part of the green revolution The 500MW hydro-accumulation pump (water storage) to be built in Paldiski is a solution that would allow Estonia […]
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Energiasalv secures EUR 11 million additional funding for zero terrain PHS project
We advised Energiasalv on acquiring EUR 11 million in additional financing for its EU Project of Common Interest (PCI project), the “Zero Terrain Paldiski” Pumped Hydro Energy Storage (PHS) plant in Estonia. Strengthening the financial position The funding includes strategic investments from Alexela, Sunly, Combiwood Grupp, Warmeston, and Kiikri Kodu. The financing aims to expedite […]