Sunly Secures €62M Loan for Baltic's Largest Solar Farm

• Sunly secures €62M for the Baltics' largest solar park, boosting renewable energy and cutting emissions with the 244-MWp Risti project.

Estonia-based Sunly has obtained EUR 62 million in loans to construct the 244-MWp Risti solar park, set to be the largest photovoltaic site in the Baltics. The funding will support both the development and operation of the solar farm, enhancing the region's renewable energy capacity.

The Risti solar park represents a significant step in the Baltics' transition to sustainable energy sources. Sunly's project underscores the growing investment in renewable infrastructure in the region, aiming to meet increasing energy demands while reducing carbon emissions.

How Will Sunly's Risti Solar Park Impact Renewable Energy in the Baltics?

• Increased Renewable Energy Capacity: The Risti Solar Park will significantly boost the renewable energy capacity in the Baltics, contributing to the region's energy independence and sustainability goals.
• Reduction in Carbon Emissions: By replacing fossil fuel-based energy sources, the solar park will help reduce carbon emissions, aligning with the EU's climate targets and contributing to global efforts to combat climate change.
• Economic Growth and Job Creation: The construction and operation of the solar park are expected to create jobs and stimulate economic growth in the region, providing opportunities in the renewable energy sector.
• Energy Security and Independence: The addition of a large-scale solar park will enhance energy security in the Baltics by diversifying energy sources and reducing reliance on imported energy.
• Technological Advancements and Innovation: The project may drive technological advancements and innovation in solar energy technology, potentially leading to more efficient and cost-effective renewable energy solutions.
• Regional Leadership in Renewable Energy: The Risti Solar Park positions the Baltics as a leader in renewable energy within Europe, setting a precedent for other countries in the region to follow.
• Increased Investment in Renewable Infrastructure: The successful funding and development of the solar park could attract further investment in renewable energy projects, accelerating the transition to a sustainable energy future in the Baltics.