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The Ministry of Economic Affairs and Communications contracted us to analyse Estonia’s administrative procedures and make proposals to streamline the relevant processes. The analysis, titled “Streamlining Investment Procedures (for New Businesses and Establishments)”, examines the possibilities of creating a “green corridor” to encourage high value-added investment by cutting red tape and shortening the time required […]
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We are advising the international energy company Respect Energy Holding on obtaining a building permit for the Tuulispea Offshore project, which aims to establish an offshore wind farm in the economic zone off the coast of Saaremaa. The offshore floating wind farm with a total capacity of up to 820 MW is expected to be […]
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Deals & Cases / Mirell Prosa, Toomas Prangli, Paul Künnap, Kaspar Endrikson, Hetti Lump-Kivisaari, Pirkko-Liis Harkmaa, Britta Retel, Sandra Mikli, Olivia Kranich, Kadri Puu, Elina Lumiste, Lee Raudsepp, Kevin Piho
We advised Energiasalv on acquiring EUR 11 million in additional financing for its EU Project of Common Interest (PCI project), the “Zero Terrain Paldiski” Pumped Hydro Energy Storage (PHS) plant in Estonia. Strengthening the financial position The funding includes strategic investments from Alexela, Sunly, Combiwood Grupp, Warmeston, and Kiikri Kodu. The financing aims to expedite […]
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We are advising Sunly, an independent power producer, on raising EUR 30 million from the European Bank for Reconstruction and Development (EBRD). Increasing energy security As a result of the equity investment, the bank acquires a 5% minority stake in Sunly. The investment of the EBRD will enable Sunly to expand its renewable energy capacity […]
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We are advising the Geological Survey of Estonia (EGT) in relation to the geothermal energy deployment research project GEOENEST. Geothermal energy Geothermal energy is the solar energy stored in the ground and the energy stored deep inside the Earth’s crust. The aim of the project is to contribute to achieving of the goals of Estonian energy […]
