We advise Niam Infrastructure on a significant investment in the Latvian and Baltic renewable energy sector: forming a partnership with Evecon for the installation of up to 84 MWp in solar power and 26 MW in energy storage across 11 project sites in Latvia. This collaboration represents a substantial investment in the region’s renewable energy sector, highlighting the strong growth potential of the Latvian market.
The first batch of solar projects, which includes approximately 40 MWp spread across six solar sites, is already under construction, with commissioning planned for the end of March 2025. The second phase, encompassing approximately 44 MWp across five additional sites, is scheduled to begin construction before the end of 2024.
About Niam Infrastructure
Niam Infrastructure focuses on sustainable investments within the fields of renewable energy, transport and telecoms in the Nordic and Northern Europe regions. Their first fund targets small-to-medium-sized investments, emphasising asset aggregation and risk reduction in sustainable infrastructure. Supported by the European Union under the InvestEU Fund, they leverage innovation, deep knowledge and close collaboration with their partners to drive a greener and more sustainable future.
Our team and involvement
We provide legal advice to Niam Infrastructure on legal due diligence of the projects / target companies, negotiating transaction documents, including, on project financing and construction of solar parks, signing and closing of transaction.
Our client team was led by partners Lelde Laviņa, Nauris Grigals and Rūdolfs Eņģelis. Other team members include counsel Natālija Grāvele, senior associate Inese Heinacka, associates Kate Berlaua, Annija Straupe, Alise Igale, Jūlija Triščuka, Elīna Beloraga and legal assistants Gabriela Mora Petroviča and Martina Ķierpe.
