Mirova and Evecon’s Baltic Renewable Energy Platform (BREP) launches Estonia’s largest solar‑plus‑storage hybrid project, signs first-of-its-kind Flexibility & Power Purchase Agreement in the Baltics with Pure Energy, and secures long-term financing from Swedbank

By Evecon | 17 February 2026

Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, and Evecon announce a series of major milestones supporting the acceleration of Estonia’s energy transition, through their jointly owned Baltic Renewable Energy Platform OÜ (“BREP”):

  • Hybridization of the 77.5 MWp Kirikmäe Solar Photovoltaic (PV) plant with a 55 MW / 250 MWh Battery Energy Storage System (BESS),

  • Execution of the first Flexibility & Power Purchase Agreement (FPPA) ever signed in the Baltics, with Pure Energy GmbH, and

  • Completion of a new c.€85 million long‑term financing package from Swedbank.

Together, these developments demonstrate how combining renewable generation with energy storage and long term optimization tools can unlock new value for the Baltic energy market and support Estonia’s long term energy independence.

Read full announcement (external link)

Originally published on 16 Feb

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