We advised Efenco, an Estonian startup that promises to revolutionise the green revolution in the energy sector, on raising capital. Focus on growth Efenco, which is developing a carbon-neutral combustion solution that would help use fossil fuels much more efficiently, raised a million euros and is looking to raise a further EUR 10 million in […]
We advised independent power producer Sunly on raising around EUR 200 million to build and expand its renewable energy portfolio in the Baltics and Poland. Big interest from the market The capital raise includes investments from Sunly’s existing shareholders and welcomes Mirova, an affiliate of Natixis Investment Managers and a French leading asset manager dedicated […]
We are advising Riigi Kinnisvara AS (RKAS), a real estate development and management company established for the efficient management of the real estate belonging to the Estonian state, on the purchase (public procurement) of electricity produced from renewable sources. Commitment to renewable energy As one of the largest electricity consumers in Estonia, RKAS is starting […]
On 15 September 2022, Utilitas inaugurated the largest onshore wind park in Latvia, with a capacity of 58.8 MW. The opening of this park nearly doubled the total wind power infrastructure installed in Latvia. The wind park is located in Tārgale, Ventspils district, Latvia. Total investment in the development of the wind park amounted to […]
We assisted UAB “Ignitis renewables”, a subsidiary of AB “Ignitis grupė” (hereinafter – the Company), in signing a conditional agreement to acquire 100% of the shares in a Latvian company developing a wind and solar project in Latvia (hereinafter – the Agreement), after the approval of the Group’s Management Board. About the project Targeted total […]