Estonia’s Sunly completes acquisition of Polish photo voltaic developer Alseva

April 4 (Renewables Now) – Sunly AS, Estonia-based renewables developer and unbiased energy producer (IPP), introduced as we speak that it has finalised the acquisition of a 100% stake in Polish photo voltaic PV specialist Alseva Group.

The now former homeowners of Alseva will purchase a shareholding in Sunly, the IPP mentioned with out specifying the dimensions of the stake.

Monetary phrases weren’t disclosed.

Now below the identical roof, Sunly and Alseva will complement one another, the companions defined.

“Alseva’s group is extremely competent in solar energy and Sunly’s individuals are skilled in wind energy, so it’s a smart resolution to develop collectively each in Poland and the Baltics,” mentioned  Anna Zagrajek, Alseva Group CEO.

“Following the transaction, Sunly and Alseva now have 16.2 GW of photo voltaic and wind tasks below growth,” added Sunly CEO Priit Lepasepp.

Inside the subsequent 12 months, development of greater than 250 MW of photo voltaic farms will begin, Lepasepp added.

Alseva will proceed operating the enterprise as ordinary, and all the group’s staff and administration will stay inside the firm, Sunly mentioned in as we speak’s assertion.

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