Sorainen is advising the European Bank for Reconstruction and Development (EBRD) in connection with a second lending to Modus Group: a loan of USD 11.3 million will be used for construction of two biogas power plants with total installed capacity of 3MW in Belarus.
In 2018 Sorainen advised the EBRD in connection with the first lending to Modus Group ‒ the first ever EBRD investment in the Belarusian renewable energy sector.
Modus Group is an international group of companies currently operating in Lithuania, Latvia, Estonia, Spain, Poland, Ukraine and Belarus in the fields of renewable energy, the auto business and real estate.
Sorainen is advising the lender on Belarusian and Lithuanian law aspects of this financing. The cross-border Sorainen team is represented by partners Kiryl Apanasevich and Augustas Klezys, senior associate Ann Laevskaya with associates Artem Semchik and Urtė Armonaitė.