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Ignitis Renewables to finance solar farms under development in Latvia with a EUR 77.5 million loan from Swedbank
Swedbank Lithuania and Swedbank Latvia agreed to provide a joint loan of EUR 77.5 million to the international green energy company Ignitis Renewables to finance the development of solar farms in Latvia. About the case The financing will be used to complete the Stelpe and Vārme solar farms currently under development, whose total installed capacity […]
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Eiffel finances 177 MW renewable energy projects in the Baltics and Central Europe
We advised Eiffel Investment Group on a EUR 20 million debt financing agreement with Envolve Capital (formerly Modus Asset Management), one of the leading investment fund management companies specializing in energy transition in the Baltics and Central Europe. The financing will support the construction and commissioning of a 177 MW portfolio of solar and wind […]
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Lenders back landmark renewable energy project in Latvia
We acted as Latvian legal counsel to the lenders – NORD/LB Norddeutsche Landesbank, Nordic Investment Bank, and Luminor Bank – in the EUR 75 million financing of a 148-MWp photovoltaic (PV) plant in Latvia, developed by Stelo Orienta SIA. This project, supported by the European Union under the InvestEU Fund, is sponsored by European Energy […]
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Latvenergo acquires large-scale solar park in Dienvidkurzeme municipality from Danish Sun Energy ApS
We provided legal advice to Danish Sun Energy ApS, a Danish greenfield developer, on the sale of 100% of its capital shares in DSE Aizpute Solar to Latvenergo, Latvia’s leading energy company. This acquisition will enable Latvenergo to construct a 265-MWp (megawatts DC) solar power plant by the end of 2025. This project marks a […]
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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 […]