Solar energy startup Solnet Green Energy secures EUR 15 million in growth funding

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Solnet Green Energy, a provider of smart solar energy installations and support services for business and industrial use, has secured EUR 15 million in growth funding. The company will use the funds to expand its operations in both domestic and especially in the more rapidly growing European markets.

The smartness of Solnet’s installations comprises sensors, protective layers and automatics as well as optimisation, management and surveillance features provided as cloud services.

”Our investment in Solnet promotes both Tesi’s ‘Renewable energy and energy efficiency’ impact theme as well as sustainable development goals. It also supports the pursuit for carbon neutrality and energy self-sufficiency in Finland and Europe. We want to be on board in further accelerating Solnet’s strong growth and internationalisation in the European key markets,” says Heli Kerminen, Investment Director at Tesi.

The round was led by Elite Alfred Berg Private Equity (EAB PE). Tesi made its initial investment in the company, founded in 2014.

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Additional information: 

Heli Kerminen, Investment Director
heli.kerminen@tesi.fi
+358 40 077 2833

Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 2.1 billion euros. www.tesi.fi | @TesiFII