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Sorainen Advised Sunly City on Implementation of New Business Model

Sorainen Advised Sunly City on Implementation of New Business Model

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Sorainen has advised Sunly City on the implementation of a new business model for electricity consumers, and on developing and drafting customer contracts for solar energy solutions.

Sunly City is an energy company focused on renewable energy and clean-tech innovation in the Baltics.

According to Sorainen, “Sunly City uses an innovative business model where the cost of the initial investment for the customer is non-existent. The customer can either rent solar panels or buy solar electricity from Sunly City solar panels installed on their lot. Sunly City’s energy solutions have proven to be attractive – recently Sunly City signed its first customer agreement with Estanc to build a 100kw solar park on the roof of Estanc’s building, allowing the plant to reduce their electricity consumption and CO2 footprint without investing in solar panel technology itself.”

Sorainen’s team in Estonia consisted of Partner Kaupo Lepasepp and Senior Associate Kaspar Endrikson.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.


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