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POWER: EIB, Estonia Banks Loan Sunly €62mn for 244MW PV Project

POWER

 The EIB and Estonian banks SEB, Luminor will provide €62mn in funding for Sunly’s 244MW Risti solar park in Estonia, with the unit to become operational by 2027, the EIB said.

  • The project is expected to be the largest PV project in the Baltics, the EIB added.
  • The total cost of the plant is anticipated at €125mn.
  • Additionally, Sunly plans to add 1GWh of BESS across the Baltics by 2026.
  • Estonia is aiming to install 1.48GW of PV capacity by 2030.
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 The EIB and Estonian banks SEB, Luminor will provide €62mn in funding for Sunly’s 244MW Risti solar park in Estonia, with the unit to become operational by 2027, the EIB said.

  • The project is expected to be the largest PV project in the Baltics, the EIB added.
  • The total cost of the plant is anticipated at €125mn.
  • Additionally, Sunly plans to add 1GWh of BESS across the Baltics by 2026.
  • Estonia is aiming to install 1.48GW of PV capacity by 2030.