Last week’s two milestones for Corsica Sole’s Expansion in Estonia:

On Wednesday, October 2nd, a significant milestone in Estonia’s energy sector was marked with the cornerstone laying ceremony of continental Europe’s largest battery park complex in Kiisa, Estonia. This event represents the most substantial private investment in Estonia’s energy security to date.

The ambitious project is a joint venture called Baltic Storage Platform, bringing together Estonian energy company Evecon, French renewable energy firm Corsica Sole, and investment fund Mirova. Their goal is to construct two battery storage parks in Harju County, boasting a combined power output of 200 MW and a total production capacity of 400 MWh. This infrastructure is crucial for ensuring energy system services after Estonia’s planned disconnection from the Russian energy grid in 2025.

Key figures present at the ceremony included:

● Yoko Alender, Minister of Climate of the Republic of Estonia
● H.E. Emmanuel Mignot, Ambassador of France to Estonia
● Michael Coudyser, CEO of Corsica Sole
● Karl Kull, CEO of Evecon OÜ
● Raphael Lance, Head of Energy Transition Funds at Mirova

CCI France Estonie was represented by Vice-Chair Brice Gasnier, underscoring the project’s importance in Franco-Estonian economic cooperation.

The following day, October 3rd, marked another significant event in the region’s renewable energy landscape. The official inauguration of the Baltic States’ largest solar park took place in Kirikmäe, located in the municipality of Lääneranna. This solar park, spread over nearly 110 hectares, boasts a production capacity of 77.53 MW, more than doubling the capacity of Estonia’s previously largest solar
installation. It’s estimated to meet the annual energy needs of approximately 35,000 households.

These back-to-back events highlight Estonia’s rapid progress in diversifying its energy sources and strengthening its energy independence, positioning the country as a leader in renewable energy development in the Baltic region.

The Estonian government has set ambitious targets for renewable energy production, aiming to have 40% of its electricity generated from renewable sources by 2030. Solar energy will be a key part of this strategy, alongside wind and biomass, helping to reduce the country’s carbon footprint and meet international climate commitments.

About Corsica Sole
Corsica Sole is a prominent renewable energy company based in France, primarily focused on solar energy production and energy storage solutions.

● Established: 2009
● Headquarters: Bastia, France
● Primary Focus: Development and operation of solar power and energy
storage systems.
● Total Employees: Corsica Sole has 69 employees1.
● Annual Turnover: Corsica Sole reported an estimated annual turnover of
approximately €10 million in 2022.

About Evecon OÜ

● Founded: 2010
● Headquarters: Estonia
● Core Business: Development of wind, solar, and energy parks in Estonia,
Latvia, and Lithuania
● Turnover (2023): €714,742
● Key Projects and Capabilities : Solar Energy Solar Park Wind Energy:

About Mirova

Mirova is an affiliate of Natixis Investment Managers. The key shareholders/owners are: Natixis Investment Managers (parent company) and Philippe Zaouati (CEO and founder of Mirova)

● Assets Under Management: Approximately €28.4 billion as of the latest
available data
● Number of Employees: Over 220 employees
● Office Locations: Paris, London, Boston, Singapore, and Nairobi
● Number of Clients: Over 1,000 clients based across all continents
● Founded: 2014 (as an affiliate of Natixis Investment Managers)
● Mirova is a B Corp certified company
● It has the status of a “mission led company”
● Mirova focuses on sustainable investing across various asset classes
including listed equities, fixed income, multi-asset, social impact investing,
energy transition infrastructure, impact private equity, and natural capital
investing
● The company aims to combine long-term value creation with sustainable
development

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