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's CEO Priit Lepasepp was named Entrepreneur of the Year by Estonia's leading business newspaper ร„ripรคev.
  • Priit Lepasepp, CEO and co-founder of Sunly, was named Entrepreneur of the Year 2024 by ร„ripรคev.
  • Sunly started production at the Aasanurme Solar Park in December, testing solar panels that track the sun's movement, with plans to use this technology in the Risti solar park.
  • On December 6, Lili Kirikal, CFO at Sunly, will speak at the Kesk-Eesti ettevรตtlike naiste konverents about her career challenges and lessons learned.

  • On November 16, Lili Kirikal, CFO at Sunly, shared insights on financing solar and energy storage projects at the Baltic & Nordic Energy Summit.
  • Sunly offers residents near Alutaguse wind farm electricity at a community rate of 4.9 cents/kWh for ten years, about half the previous year's average market price.
  • Sunly is developing a 270 MW solar park in Kurzeme, with construction in Saldus planned to start in 2025.

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

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๐Ÿ’ผ Sunly Hiring and Layoffs

  • Petras Dominykas Tadaras has left Sunly as a Project Manager in Lithuania, previously holding the same position at the company.
  • Madlenne Timofejev has joined Sunly as Legal Counsel in Estonia, previously serving as Attorney at TRINITI Estonia.
  • Sunly is hiring a Data Engineer to design smart data pipelines for renewable energy.
  • Karolina Jaworek is responsible for communications at Sunly.
  • Toomas Kilgi has joined Sunly as Head of Asset Management and Production in Estonia, previously serving as VP and Head of Engineering at AllSpark.

  • Patrycja Stawarz has left Sunly as a Water Specialist in Poland to join Gdaล„skie Wody as an Environmental Engineering Specialist.

๐Ÿค– Sunly Developer, Integration and Automation News

  • Sunly and Metsagrupp have started building a 244 MW solar power plant in Rehemรคe, which will supply electricity to 55,000 households.
  • Sunly Wind is planning to invest in the Herro wind farm in Valga, Estonia, and has proposed several community benefit measures.


๐Ÿ“ˆ Sunly Financials, Fundraising and Valuation News

  • The EBRD invested an additional โ‚ฌ36 million in Sunly to support its expansion and implementation of 1 GW of renewable capacity in the Baltic states and Poland by 2026.
  • 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 increased its capital from โ‚ฌ69,416,424 to โ‚ฌ76,359,128.
  • Sunly's state taxes increased to 1,055,338.60 EUR and taxable turnover rose to 7,211,523.85 EUR in the third quarter of 2024, despite a slight decrease in the number of employees to 52.


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