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Gjensidige completes sale of its business in the Baltics to ERGO
We advised the Norwegian non-life insurance company Gjensidige Forsikring on completing the sale of its business in the Baltics to ERGO International AG, a company that manages ERGO’s international business portfolio. All conditions necessary for the completion of the transaction have been fulfilled according to schedule, such as the required regulatory approvals in Lithuania, Latvia […]
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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 sale of its majority stake in UAB Aura Power Dubhe (together with other minority shareholders’ stakes, comprising 100% ownership) to Finish energy group Olana Energy. The target is developing 70 MW / 140 MWh capacity late-stage battery energy storage system (BESS) project in Šalčininkai, Lithuania, which […]
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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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Energix Group acquires 470 MW renewables project in Lithuania
We advised international renewable energy company Energix Group on the acquisition of 100% of the shares in Taupi energija from the Danish company European Energy. The acquired company is developing a 144 MW capacity wind park and up to a 330 MW capacity solar park in Jonava, Lithuania. As agreed, European Energy will develop the […]
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Green Energy Growth Fund acquires 55 MW solar energy project
We advised Green Energy Growth Fund, managed by Lords LB Asset Management, on the acquisition of a solar power project in Kaišiadorys, Lithuania, with a capacity of 55 MW. Solar power plant construction is scheduled to begin in Q4 of this year. The project will span over 80 hectares and will feature a single-axis tracking […]