Cobalt has advised the European Bank for Reconstruction and Development on an equity investment in Sunly.
Sunly is an independent energy producer that develops renewable energy projects in the Baltics and Poland.
According to Cobalt, the EUR 30 million investment "will enable Sunly to expand its renewable energy capacity in the Baltics and Poland, which is important for achieving significant greenhouse gas emissions savings, and to promote energy security in the region.”
The Cobalt team included Partner Kristel Raidla-Talur and Senior Associate Marten Amjarv.
Cobalt did not respond to our inquiry on the matter.