Sunly | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Sunly is an independent energy producer based in Tallinn, Estonia, specializing in the development of renewable energy projects,...


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Sunly is an independent energy producer based in Tallinn, Estonia, specializing in the development of renewable energy projects, particularly wind and solar parks, in the Baltics and Poland. The company also invests in renewable energy and electrification startups, providing them with capital, expertise, and networks. Established by the 4Energia team, Sunly aims to engage local communities in its projects and has a strong focus on innovation and sustainability.

Website
Headquarters
Tallinn, Estonia
Size
51-200 employees
Industry
Renewable Energy Power Generation
Specialities
renewable energy, startup investments, electrification, solar

๐Ÿ›๏ธ Sunly Product and Pricing News โ†’

๐Ÿ‘” Sunly CEO, Management and Leadership Team โ†’

โš”๏ธ Sunly Alternatives and Competitors โ†’

๐Ÿ’ผ Sunly Hiring and Layoffs โ†’

๐Ÿค– Sunly Developer, Integration and Automation News โ†’

๐Ÿ“ˆ Sunly Financials, Fundraising and Valuation News โ†’

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๐Ÿ›๏ธ Sunly Product and Pricing News

  • In mid-October, Sunly started offering manual Frequency Restoration Reserve (mFRR) services to the Continental Europe frequency management platform, supporting Estonia's energy security as it prepares to desynchronize from the Russian power grid.
  • Sunly has transitioned Silen's soundproof rooms and phone booths to renewable energy using a hybrid solution, covering 60% of their annual consumption with solar and wind power.
  • Sunly launched a bold new brand identity characterized by bright colors and distinctive icons on September 17.
  • Sunly introduced its new brand during the Sunly Summer Days 2024 event in Latvia.
  • Sunly's Energiasalv project has received the necessary permits and is ready for construction, with the aim to start building in the summer of 2024.

  • Sunly has completed Estonia's first MW-scale hybrid solar park with an integrated battery energy storage system.
  • Sunly is building six solar parks in Latvia with a total capacity of 52 MW, financed by Swedbank Latvia with โ‚ฌ22 million.
  • Sunly won the Latvian state forest auction and will develop a 138 MW wind farm on approximately 6500 hectares in the Skrunda region.

๐Ÿ‘” Sunly CEO, Management and Leadership Team


โš”๏ธ Sunly Alternatives and Competitors

  • Jade Power
  • |
  • P Squared Renewables
  • |
  • ePod Solar
  • |
  • Rackam
  • |
  • Energy Revolution Services
  • |
  • Evecon
  • |
  • PEH Renewables
  • |
  • Solaride
  • |
  • Sun capital
  • |
  • Energiateenus
  • |
  • Pro-Solar

Monitor your competitors, clients, accounts, partners etc. with RivalSense AI


๐Ÿ’ผ Sunly Hiring and Layoffs

  • Sunly has appointed Anna Lindpere as the new Head of Communications and Marketing.
  • Mateusz Podlewski has joined Sunly as the RES Investments Location and Development Manager in Poland, previously serving as the RES Investments Department Manager at ALSEVA.
  • Taavid Mikomรคgi has been appointed as Sunly's Head of Growth and Customer Experience.
  • Sunly is currently seeking a Head of Legal in Poland.


๐Ÿค– Sunly Developer, Integration and Automation News

  • Sunly signed a long-term power purchase agreement with Alexela to sell the entire electricity output of three new solar parks in Estonia.
  • Elisa has started a long-term partnership with Sunly City to build solar parks at 10 mobile masts across Estonia to increase green energy consumption.
  • Sunly has partnered with EES-Ringlus to improve solar panel waste management and promote circular economy principles in Estonia.
  • Sunly signed a major cooperation agreement with Telia Eesti to build around 100 solar power plants to supply renewable energy to Telia's mobile masts.
  • Sunly has partnered with Eestimaa Looduse Fond to build Estonia's first biodiversity-supporting solar park, with construction starting this year.

  • Sunly and Metsagrupp are constructing the largest solar park in the Baltics, a 244 MW facility in Risti, expected to be completed by early 2026.
  • Silen switched to Sunly's hybrid electricity package, sourcing 60% of its annual energy from Sunly's solar and wind parks.
  • Sunly's financial manager Lili Kirikal uses the Gridio app to charge her Tesla at the office, optimizing for the cheapest and cleanest electricity.

๐Ÿ“ˆ Sunly Financials, Fundraising and Valuation News

  • EBRD is investing up to EUR 37 million in Sunly to promote gender equality by ensuring at least 80% of employees undergo DEI training.
  • Sunly completed the first phase of a โ‚ฌ200 million capital increase with Mirova as their new investor.
  • Sunly completed a merger and is now an independent energy producer supplying renewable energy to the Baltics and Poland.
  • Sunly completed the acquisition of Alseva Group, making it the 100% owner and expanding its renewable energy projects to 16.2 GW.
  • Sunly signed a โ‚ฌ11 million bridge financing agreement with Eiffel Investment Group to fund its Polish solar energy portfolio.

  • Sunly made its first direct investment outside Estonia in the Polish electrification startup Amperio, which operates in Poland and Spain.
  • Sunly has invested in the UK startup Switch to develop software that simplifies electric vehicle charging.
  • Sunly received a โ‚ฌ30 million equity investment from the European Bank for Reconstruction and Development (EBRD) to expand its renewable energy capacity in the Baltic States and Poland.

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