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Energix completes one of the largest renewable energy project acquisitions in Lithuania
The international renewable energy company Energix Group has completed the acquisition of the Jonava renewable energy project in Lithuania. The project comprises approximately 470 MW of clean energy capacity, including a 140 MW wind farm, a solar park of up to 330 MW, and a 320 MWh battery energy storage system (BESS). This transaction represents […]
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Danish fund ETNA Capital acquires a controlling stake in Brolis Defence Group
We are advising the Danish private equity fund ETNA Capital on the acquisition of a controlling stake in UAB Brolis Defence Group, a Lithuania-based developer of electro-optical systems for military and security purposes. This marks the largest private equity investment in the defence sector in the Baltic States to date and the first investment of ETNA […]
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Ignitis Group secures EUR 318 million financing for the biggest wind farm in the Baltics
We advised entities of Ignitis Group on signing the project financing agreements and securing EUR 318 million in funding for the 314 MW Kelmė Wind Farm. This is the largest project of its kind in the Baltic States, controlled by Ignitis Renewables, a subsidiary of Ignitis Group. The loan agreements were concluded between Vėjas LT […]
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Bitė Group issues EUR 200 million additional bond issue
We advised the leading telecommunications and media group in the Baltics, Bitė Group, on the issuance of an additional EUR 200 million bond issue. This is an addition to the record-breaking EUR 920 million bond issue in the Baltics, which the group carried out this spring. Bitė Group offers a wide range of mobile and […]
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Analysis on the assessment of EU Taxonomy criteria
We provided an in-depth analysis commissioned by the Lithuanian Banking Association for the banks seeking to classify loans as aligned with the EU Taxonomy Regulation and contributing to climate change mitigation. Compliance with the EU Taxonomy is one of the conditions for green financing. We assessed ten types of economic activities, including electricity generation from […]