We have wide sector experience and we know the Estonian energy sector

      KPMG Baltics  energy sector team provides support both to companies directly operating within the energy sector (production, distribution and regulation) as well as those indirectly involved in the energy space (consumption, sustainable use) The team is made up of highly skilled and experienced professionals covering a broad area of competencies such as strategic financial counselling, sustainability counselling, legal counselling and IT counselling. In Estonia we have a team of 10 people, but we work in close cooperation with KPMG’s global network of close to 19,000 energy sector experts.




      On a daily basis, we mainly focus on the following topics

      We can review or create a strategy and a reliable business plan for important investment projects and help make informed investment decisions. We provide full process support for M&A transactions (from target identification to final deal execution) and can also support in raising the required capital to finance investments. Further we can cover all deal matters including financial, tax and legal.

      We support companies in strategic decision making such as developing and testing new business directions and review of new markets to enter. Our focus to date has been around renewable energy.

      There are already about 3 500 energy community associations in Europe. We at KPMG Baltics are at the forefront of supporting Estonians to start producing renewable energy at the community level, through simplifying the whole legal process related to the creation of an energy community.

      We help companies and representatives of the public sector carry out the required impact analyses, financial modelling and develop forecasts to facilitate informed management decisions. We carry out both financial and socio-economic analyses, which support public sector representatives (government, ministries, local municipalities) in making strategic decisions and shaping policies.

      We help companies in creating sustainability strategy with a detailed and step based action plan to achieving climate neutrality. We also support companies with regular reporting and sustainability audits.



      We have a strong reference base in renewable energy (solar, biomethane, wind) and regulated grid businesses (electricity, gas)


      Closed Q3 2021

      Acted as lead financial adviser to Roofit.solar (BIPV) in round A fundraising (€6.4m)

      Closed Q3 2022

      Acted as lead buy-side financial advisor to Mirova in their investment into Sunly OÜ. Total round size approx. €200m.

      Closed Q2 2022

      Acted as main financial advisor in supporting the owners of Smartecon (solar EPC) successfully raising growth capital.

      Closed Q4 2022

      M&A sell-side advisory for part divestment and capital raise for 100MW development portfolio


      Contact us!

      Sten Aan

      Head of Energy Sector

      KPMG Baltics OÜ

      Dmitri Ševoldajev

      Head of M&A

      KPMG Baltics OÜ

      Marko Rebane

      ESG & Sustainability Manager

      KPMG Baltics OÜ



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