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One of the largest recent foreign investments in Lithuania: Quaero Capital agrees to acquire a 49% stake in the Vilnius Combined Heat and Power Plant from Ignitis Group
We advised the infrastructure fund Quaero European Infrastructure Fund III, managed by Quaero Capital SA, on the acquisition of a 49% stake in the Vilnius Combined Heat and Power Plant from Ignitis Group. The Vilnius Combined Heat and Power Plant (CHP) – one of the most advanced facilities of its kind in Europe – is […]
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Bitė Group sells its tower portfolio to Stonepeak for EUR 480 million, making it Top 3 Baltic deal of the year
We advised Bitė Group, the leading telecommunications and media group in the Baltics, on the sale of its communications towers company TeleTower to global private equity firm Stonepeak. The transaction will create the first fully independent tower company in the region and represents the beginning of a strategic partnership dedicated to investing in the Baltic […]
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Aura Power sells 70 MW/140 MWh battery storage project in Šalčininkai
We advised international renewable energy group Aura Power on the sale of its majority stake in UAB Aura Power Dubhe (together with other minority shareholders’ stakes, comprising 100% ownership) to Finnish energy group Olana Energy. The target is developing 70 MW / 140 MWh capacity late-stage battery energy storage system (BESS) project in Šalčininkai, Lithuania, […]
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Aura Power sells 50 MW/100 MWh battery storage project in Kaišiadorys
We advised international renewable energy group Aura Power on the sale of its majority stake in UAB Aura Power Dubhe (together with other minority shareholders’ stakes, comprising 100% ownership) to local Lithuanian investor UAB Karjerų linija. The company is developing a 50 MW / 100 MWh late-stage battery energy storage system (BESS) project in Kaišiadorys, […]
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The Nordic Investment Bank and NORD/LB signed EUR 64 Million Financing Agreements with Green Genius
We advised The Nordic Investment Bank (NIB) and NORD/LB in providing EUR 64 million in financing to the Green Genius group. The funds will be allocated to the development of two new 91 MW solar power parks in Izabelinė (Ignalina district) and Lieponys (Trakai district). Additionally, an 18 MW battery energy storage system (BESS) is planned in Izabelinė […]