Deals Counterparts

Mirova & Evecon advance Estonia's energy transition with hybrid solar + storage project

Development SolarStorageHybrid announced Estonia
132.5 MW
Capacity
construction
Stage
Kirikmäe Hybrid
Project

Mirova and Evecon, through their joint venture Baltic Renewable Energy Platform OÜ (BREP), are advancing Estonia's energy transition. Key milestones include hybridizing the 77.5 MWp Kirikmäe solar PV plant with a 55 MW/250 MWh battery energy storage system (BESS), executing the first flexibility & power purchase agreement (FPPA) in the Baltics with Pure Energy GmbH, and securing €85 million in long-term financing from Swedbank. The hybrid system will enable BREP to store solar production and deliver grid stability services following the Baltic countries' disconnection from the BRELL grid. The FPPA with Pure Energy covers the full output of BREP’s portfolio.

Market Context

This deal is part of the Solar, Storage, Hybrid sector in Estonia.
528
Solar deals
4
deals in Estonia
1 of 502 Solar deals tracked this month · Updated daily

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