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Deep Wind Offshore wins the auctions for the Saare 2.1 and Saare 2.2 offshore areas
We advised the Norwegian company Deep Wind Offshore on the purchases of the Saare 2.1 and Saare 2.2 offshore areas. As the sole participant in the auction, Deep Wind Offshore acquired the Saare 2.1 offshore area at the starting price of EUR 2.457 million, and Saare 2.2 also at the starting price of EUR 1 […]
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Berenberg takes part in the financing of the construction of one of the biggest stand-alone solar parks in the Baltics
We advised one of Europe’s leading private banks, Berenberg, on providing financing of EUR 26 million to the renewable energy company Green Genius to construct the new solar park in the Baltics. The 121 MW project is located in Jekabpils, Latvia. So far, it is the biggest stand-alone solar park in Latvia, taking over a […]
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European Legal update: 14.05. – 28.05.
Assistant lawyer Nikola Cīparsone compiled the material. Energy A regulation on tracking and reducing methane emissions adopted by the Council Adopted: 27 May 2024 The Council has adopted a regulation on tracking and reducing methane emissions. It is part of the ‘Fit for 55’ package. The regulation introduces new requirements on measuring, […]
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Defending a level playing field for wind power developers at the Constitutional Court
Our firm is acting for several wind power developers against the Latvian government, which passed a law reserving 10% of state forests for the state-owned Latvenergo to develop wind farms there. The state forests had not been available for any renewables development and the opening of market was viewed favourably by the industry as that […]
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M&A market participants: Things are looking up and geopolitical risk is falling
A general consensus emerged at the annual Baltic M&A and Private Equity Forum that the transaction market is recovering and investors are becoming increasingly confident about investing in the Baltics. The Baltic M&A and Private Equity Forum 2024 was organised by Sorainen on 16 April in Vilnius, in cooperation with leading Lithuanian business media Verslo žinios. […]