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Saules BESS to implement an energy storage project through EUR 22 million bond issues
We advised Saules BESS, a Latvian developer of battery energy storage systems (BESS) integrated with solar energy infrastructure, on the structuring and issuance of secured bonds and subordinated bonds to support their business expansion. About the project The newly installed BESS units will be co-located with existing solar power plants. This will enable the implementation of […]
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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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Linstow Baltic delivers a new HQ building for SEB in Riga
SEB Latvia officially has opened its central office in the Class A office complex Satekles Biznesa Centrs. About the project Satekles Biznesa Centrs is a modern and sustainable Class A office complex developed by Linstow Baltic as part of its strategic vision for the transformation of Riga Central Business District. The project aims to create […]
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Taaleri Energia and Lords LB Asset Management to develop large-scale wind farm in Latvia
Sorainen is advising SIA WPR2, a joint venture owned by funds managed by Taaleri Energia and Lords LB Asset Management, on the development of a major wind energy project in Smiltene, north-eastern Latvia. About the project The wind farm will feature 16 high-capacity wind turbines, each with a nominal capacity of 7 MW, resulting in […]
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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 […]