Sunly acquired Polish solar power developer Alseva

26.04.2022 Sunly acquired Polish solar power developer Alseva

TGS Baltic senior associates Sander Kärson, Maris Vutt, and Kärt Raud advised the renewable energy producer Sunly on its acquisition of a 100% holding in the Polish solar power business Alseva Group.

The renewable energy producer Sunly acquired Alseva Group, one of Poland's largest solar energy developers and construction companies. The current owners of Alseva Group will, in turn, acquire a shareholding in Sunly, which develops large-scale solar and wind energy projects in the Baltic States and Poland.

TGS Baltic senior associates advised the client on preparing the transaction documents and during the negotiation process.

Following the transaction, Alseva will continue to operate as usual and additionally, Alseva will now begin to develop onshore wind farms in Poland. Sunly, in turn, upgraded its team with expertise in building and maintaining solar parks.

Sunly is an independent power producer developing, constructing, and operating solar, wind and storage projects in Poland and the Baltics. Sunly also invests in electrification startups such as Zero Terrain and Energiasalv, Themo, GridIo, Solarstone, Rexplorer, Skeleton Technologies, Beast and others.

Alseva Group offers one-stop-shop services for both medium- and large-scale solar parks, starting from land identification, permitting, designing and construction, to long-term operating and maintenance services. The company now also develops wind power in Poland.”


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