Sunly raises EUR 200m to expand renewable energy portfolio in Baltic States and Poland

Estonian energy producer Sunly has raised EUR 200m euros to expand its solar and wind portfolio in Estonia, Latvia, Lithuania and Poland.

Investors include existing shareholders and new entrant Mirova, an affiliate of Natixis Investment Managers of France.

The Baltic Sea region has seen strong growth in renewable energy and is likely to accelerate as the region diversifies energy sources.