Public bond offering 2025 - Eternia Solar

Public bond offering 2025

10% Bond Issue to Finance the Construction of a 120 MW Solar Park in Poland

Eternia Solar, the construction contractor of Sun Investment Group (SIG), a leading renewable energy project development group in the Central and Eastern Europe region, is issuing a short-term bond offering worth up to EUR 3 million. This is the first stage of a larger bond issuance that may reach up to EUR 8 million.

The funds raised will be used to finance the construction of a 120 MW solar power plant project in Poland. International investors Berenberg and Amiral Gestion, managing more than EUR 40 billion in assets, have already assessed and approved the project’s long-term financing.

In 2026, within 12 months from the issuance of the bonds and upon achieving significant progress in the construction of the power plant portfolio, institutional investors’ funds allocated for settling payments with Eternia Solar for completed construction works will be transferred to the project owner. Eternia Solar will use the revenues received to redeem the bond issue.


Key terms of the issuance

ParameterValue
Issue sizeUp to EUR 8 million
Size of the first trancheUp to EUR 3 million
Maturity12 months
Annual interest rate10 proc.
Coupon payment rateSemi-annual
Minimal investment amountEUR 1,000
Distribution dates8 – 19 December 2025


Presentations for investors

We invite investors to join the online presentation of the bond issuance:


Key Aspects

Institutional financing confirmed

The 120 MW solar power plant project has been evaluated by international investors Berenberg and Amiral Gestion. They have already completed comprehensive financial, technical, and legal due diligence and have approved the project’s financing, which will be provided in stages following the completion of construction works.

Clear redemption mechanism

Eternia Solar will use the funds provided by institutional investors, allocated for payment for completed construction works, to redeem the bond issuance.

Attractive market

Poland’s renewable energy market is currently one of the most sustainable and economically attractive in Europe. Relatively high electricity prices, clear support schemes, and strong demand from industrial consumers create favourable conditions for long-term project stability.


How to invest?

  1. Contact the financial brokerage company or bank in Estonia, Latvia or Lithuania that manages your securities account to submit an investment order (or submit via the self-service platform of the relevant bank).
  2. If you do not have an investment services agreement concluded with a financial intermediary, send us an email to: obligacijos@orion.lt.