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Sunly receives almost €85 million international financing
We advised Sunly, a renewable energy producer, on securing a loan of almost EUR 85 million from the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), and SEB to build four solar parks in Latvia with a total capacity of 329 megawatts (MW) – enough to meet the annual electricity consumption of up […]
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Latvijas Banka has issued an EMI licence to Pace FS
We are glad to announce that, on 18 June, the Supervision Committee of Latvijas Banka issued an EMI operating licence to Pace FS. We at Sorainen would like to congratulate Pace FS and their team on this milestone achievement. About Pace FS Pace FS is a fintech company dedicated to providing payment services for online […]
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Acquisition of six Airbus A220 aircraft by Reverence Capital and simultaneous leasing to airBaltic
We acted as transaction counsel in the acquisition of six Airbus A220 aircraft by a joint venture led by Reverence Capital Partners (hereinafter – “Reverence”) and their simultaneous leasing to airBaltic. Our involvement Our assistance included local law advice in relation to the sale of the aircraft and matters related to the leaseback arrangement, financing […]
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Support for Silva Finance launch
We provided legal support for the launch of Silva Finance, a new forest and farmland equity financing company. About Silva Finance Silva Finance offers loans for the growth of enterprises against pledges of woodland with forest stands or of agricultural land, providing financing opportunities tailored to small and medium-sized enterprises. Silva Finance’s business model is […]
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Niam Infrastructure and Evecon partner up for 110 MW of solar storage in Latvia
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 […]