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 will reach 239 megawatts (MW); the start of commercial operations is estimated for this year. The banks each granted an equal amount of funds.
Our involvement and team
Our support included advising on loan and collateral terms and negotiating with lenders. The team comprised partner Ramona Miglāne, counsels Inese Heinacka and Natālija Grāvele, as well as legal assistants Martina Ķierpe, Evija Velvele and Annika Līze Valtere, all bringing together expertise in both the financing and renewable energy sectors.
More information about the project is available here.
