We advised one of Europe’s leading private banks, Berenberg, on providing financing of EUR 26 million to the renewable energy company Green Genius to construct the new solar park in the Baltics.

The 121 MW project is located in Jekabpils, Latvia. So far, it is the biggest stand-alone solar park in Latvia, taking over a 151 ha area. The total planned investment into this solar project is over €100 million.  The plans will make it the biggest in Latvia and the second-biggest stand-alone solar park in the Baltic countries.

“We are proud to further support Green Genius on its strong growth path in Europe and look forward to financing future Green Genius projects across Europe. This is our second transaction with Green Genius, where they have again proved that they have the know-how and resources to become a major player in the European renewable energy market,” – says Torsten Heidemann, Head of Infrastructure & Energy at Berenberg.

About Berenberg

Berenberg was founded in 1590 and is one of today’s leading European private banks with its business divisions Wealth and Asset Management, Investment Banking and Corporate Banking. Managed by personally liable partners, the Hamburg-based bank has a strong presence in the financial centres of Frankfurt, London, and New York.

Our services and project team

We advised the client on the Lithuanian and Latvian law-governed legal matters related to project financing. Our team consisted of partner Augustas Klezys, counsel Vitalija Impolevičienė, senior associates Andris Vilisons and Inese Heinacka, and associate Andrius Pilitauskas.

We cooperated with the international law firm Simmons & Simmons, advising the client on all German-law-governed legal matters.