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The financing, led by SEB Lithuania and Swedbank Lithuania, will support three renewable energy assets.

European Energy secures US$158 million for 78.5MW solar park and 50MW BESS in Lithuania

June 3, 2025
Danish renewables firm European Energy has secured a €145 million (US$158 million) long-term loan to finance a 78.5MW solar park co-located with a 50MW battery storage plant in Anykščiai, Lithuania.
Sunly delegation in front of the first solar panels added at Estonia's largest solar PV project

Sunly secures loan to build 244MW solar PV park in Estonia

March 12, 2025
Estonian IPP Sunly has secured a €62 million (US$68 million) loan to build and operate the Baltics 'largest' PV plant.
european energy

European Energy secures financing for 148MW solar project in Latvia

March 6, 2025
Danish renewables firm European Energy has secured €68 million (US$73.4 million) in financing for a 148MWp solar PV plant in Latvia.
Sunly delegation in front of the first solar panels added at Estonia's largest solar PV project

Sunly starts building 244MW solar PV in Estonia, Baltics ‘largest’ plant

November 26, 2024
Estonian independent power producer (IPP) Sunly has started construction of a 244MW solar PV plant in its home country.
Solar park in Latvia from independent power producer Sunly.

Sunly breaks ground on 225MW solar PV parks in Latvia

November 1, 2024
Estonian independent power producer Sunly has started construction on three utility-scale solar PV parks in Latvia.
Aerial view of Estonia's largest solar PV park from Evecon and Mirova.

Evecon, Mirova power 77MW solar PV plant in Estonia, Baltics’ ‘largest’

October 4, 2024
The companies dubbed it the ‘largest’ solar park in the Baltics and double the capacity of the previous largest operational solar PV plant in Estonia.
Evecon's Kopli project in Estonia.

Niam Infrastructure and Evecon to build 84MW solar-plus-storage portfolio in Latvia

September 13, 2024
Niam Infrastructure and Evecon have announced plans to build a new solar-plus-storage portfolio in Latvia.
Solar park in Latvia from independent power producer Sunly.

Sunly secures €300 million to fund 1.3GW renewables portfolio in Baltics and Poland

August 28, 2024
One of the first projects to benefit from Sunly's securing the €300 million debt financing is a 244MW solar PV plant in Estonia.
Nordic Solar inaugurates Lithuania's largest solar PV plant with a capacity of 100MW

Nordic Solar powers 100MW solar PV in Lithuania

May 3, 2024
Danish solar developer Nordic Solar has powered a 100MW PV plant in Lithuania, the country’s largest operational solar project.
An LA Solar manufacturing facility in Armenia, to which the EBRD provided funding. Image: EBRD via Flickr

EBRD invests €100 million into Taaleri Energia’s latest renewables fund

January 9, 2024
The European Bank for Reconstruction and Development (EBRD) has invested €100 million to into Taaleri Energia's renewables fund SolarWind III.

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