The investment seeks to enhance regional energy security and independence, especially in anticipation of the upcoming separation from the Russian and Belarusian electricity grids.
The financing, provided by Rivage Investment, Copenhagen Infrastructure Partners (CIP), and Kommunal Landspensjonskasse, will support the construction of integrated hybrid parks combining wind, solar and energy storage at a single connection point, enhancing energy production stability and reducing grid connectivity charges.
One of the initial projects to benefit from the raised funds is the 244MW Risti solar park in Estonia.
Sunly plans to expand this park to include wind turbines and battery storage.
