In August, Sunly raised €300 million in debt financing to accelerate the construction of 1.3 GW of solar, wind, storage, and hybrid parks across the Baltics and Poland.
Estonia is set to expand its solar-power production with a €62 million loan from the European Investment Bank (EIB) and local banks SEB and Luminor, aimed at financing a new solar park
Revised February 13, 2023 Below are slides the authors prepared about tax credit opportunities and development challenges for battery storage. Tax benefits available
LRE, a portfolio company of OMERS Infrastructure, will allocate the revolving credit line to finance the construction of six fully contracted wind, solar and battery storage projects. All of them are part of its pipeline of
The project is part of a 1.3GW hybrid portfolio of renewable power projects, for which the IPP expects to add battery energy storage system (BESS) capacity in the future.
The EIB is lending €31 million to Sunly, while the remaining €31 million is covered by SEB and Luminor. The project marks the EIB''s first fully merchant renewable
As construction starts on the Baltics ''largest'' solar PV plant, Sunly expects to hybridize the project with energy storage and wind capacity. Image: Sunly Estonian independent power producer
" The EIB''s financing will support Sunly in developing the Risti solar park and its grid connection, designed to integrate battery storage and wind power at the same location,"
By now, Evecon has completed renewable energy development projects with a production capacity of 59 MW. Additionally the company has 850 MW of active solar electricity projects and 900 MW of wind projects under development in
The Estonian coalition agreed on the long-term energy development plan, which includes a measure to support long-duration energy storage. On 27 January, the Estonian
The general principles of project finance that apply to the financing of solar and wind projects also apply to energy storage projects. Since the majority of solar projects currently under construction include a storage
One of the first projects to benefit from this financing is the 244 MW Risti solar park in Estonia, which can cover the annual electricity consumption of 55,000 households. Currently intended
Atlas Renewable Energy Closes Largest Financing Deal in Company History for Hybrid Solar-Storage Project Working with top international and national banks, the company
The projects are slated for completion and start of operation for the remainder of 2024 and through 2025. Leeward is a high-growth renewable energy company that owns and operates a portfolio of 32 wind, solar, and energy storage
While short-term storage plays a vital role in balancing daily electricity demand, long-term storage solutions are needed to address increasing renewable energy production.
Latin America is fast emerging as a pivotal region in the global clean energy transition. Governments across the region are investing heavily in solar, wind, and storage
Eolus works across our various markets to plan and realize renewable energy generation and storage projects. The tables below present our project portfolio, broken down
The European Investment Bank (EIB), together with local commercial banks SEB and Luminor, is lending the Estonian renewable energy company Sunly €62 million to build and operate a solar park in the country,
SEB''s green financing portfolio has grown significantly in recent years, supporting various sustainable projects, including wind and solar parks, as well as energy efficiency solutions for businesses and households. Luminor
Where the finance will go One of the first projects to benefit from this financing is the 244 MW Risti solar park in Estonia, which can cover the annual electricity consumption of 55,000 households. Currently intended as a
Returning in 2026 for its 13th edition, Solar Finance & Investment Europe Summit will bring together the brightest minds representing funds, banks, developers, utilities,
Explore energy project financing options for solar farms, wind energy, battery storage & clean energy retrofits. Learn eligibility, tax benefits & more.
Additionally the company has 850 MW of active solar electricity projects and 900 MW of wind projects under development in Estonia, Latvia and Lithuania, which will be
Estonia has laid the cornerstone for what will become the largest battery park in continental Europe, marking a crucial step toward synchronizing the Baltic power grids with the rest of Europe by 2025. The
These solar panel grants for businesses cover not only solar installations but also storage systems, hybrid solutions, and grid upgrades. We help you unlock these funds and manage the
inspiratia writes articles focusing on the European energy transition markets, providing thought leadership and breaking news within the sector. Coverage ranges from traditional renewables
The EU is investing €52 million in renewable energy projects in Finland and Estonia, adding 445 MW of solar and wind capacity by 2028 as part of its climate targets.
This project strengthens Estonia''s energy security and resilience, while driving the green transition. Said Thomas Östros, Vice-President of the EIB. Integration with battery storage One of Risti''s differentiating
Solar PV developer Atlas Renewable Energy has secured US$510 million in financing for a solar-plus-storage project in Antofagasta, Chile.
By now, Evecon has completed renewable energy development projects with a production capacity of 59 MW. Additionally the company has 850 MW of active solar electricity projects
Returning in 2026 for its 13th edition, Solar Finance & Investment Europe Summit will bring together the brightest minds representing funds, banks, developers, utilities, government and industry
Sunly, a leading renewable energy producer, has raised €300 million in debt financing to accelerate the construction of 1.3 GW of solar, wind, storage, and hybrid parks
Estonia will receive €18 million to support two wind-based schemes. The largest is the €9.8 million Püssi project, which combines solar and wind capacity in a hybrid energy park. The €8.2 million Maima Wind Park will construct new turbines in the villages of Tarva and Tõrdu in Põhja-Pärnumaa municipality.
Other Finnish projects include Lamminneva in Lappajärvi (€3.5 million), Isoneva in Suonenjoki (€5.6 million), JoSoleilTwo in Joroinen (€5.7 million), Lålby in the west (€5.9 million), and a smaller €1.1 million solar plant in Pori’s designated handling zone. Estonia will receive €18 million to support two wind-based schemes.
The largest is the €9.8 million Püssi project, which combines solar and wind capacity in a hybrid energy park. The €8.2 million Maima Wind Park will construct new turbines in the villages of Tarva and Tõrdu in Põhja-Pärnumaa municipality. The projects are expected to begin operations between 2027 and 2028.
According to Veijo Terho, chair of the Finnish Data Centre Association, over 20 new data centres are also planned in Finland, leveraging the country’s reliable grid and carbon-free energy. The Commission said it will continue investing in energy infrastructure as part of its Green Deal strategy. HT
